Niagara’s real estate market is experiencing positive growth with unit sales up by 4% and the average sale price increasing by 1%. The market shows stability and a balanced supply with 5.1 months of inventory available. This indicates a steady demand and a slightly appreciating market, making it an attractive area for both buyers and sellers. The gradual price increase reflects a healthy market condition, promoting confidence among investors and homeowners.
Hamilton’s real estate market is seeing a slight downturn, with unit sales dropping by 6%. The average sale price remains unchanged, indicating a stable pricing environment despite the reduced sales volume. With 3.1 months of inventory, the market is leaning towards a seller’s market, though less active. This suggests a cautious buyer sentiment but still a balanced demand-supply scenario, maintaining steady property values and offering opportunities for strategic investments.
Review current market conditions below and speak with your Royal Lepage NRC REALTOR® for continued advice.
Niagara-on-the-lake
Unit Sales: +12%
Average Sale Price: -3%
Niagara Falls
Unit Sales: +18%
Average Sale Price: -2%
Fort Erie
Unit Sales: 0%
Average Sale Price: +1%
St. Catharines
Unit Sales: +7%
Average Sale Price: -3%
Thorold
Unit Sales: +16%
Average Sale Price: +3%
Pelham
Unit Sales: -6%
Average Sale Price: +11%
Welland
Unit Sales: -9%
Average Sale Price: -5%
Port Colborne
Unit Sales: -6%
Average Sale Price: 0%
Lincoln
Unit Sales: +3%
Average Sale Price: +8%
West Lincoln
Unit Sales: -11%
Average Sale Price: -3%
Grimsby
Unit Sales: -2%
Average Sale Price: +2%
Dunnville
Unit Sales: +18%
Average Sale Price: +6%
Hamilton
Unit Sales: -5%
Average Sale Price: -2%
Ancaster
Unit Sales: -3%
Average Sale Price: -3%
Stoney Creek
Unit Sales: -7%
Average Sale Price: +1%
Glanbrook
Unit Sales: -7%
Average Sale Price: -2%
Click here for more information on the May 2024 Residential Statistics.