The Niagara real estate market shows moderate growth with unit sales up by 8%, signaling increased buyer interest. However, the average sale price has dipped slightly by 1%, suggesting a stabilization in property values. With 5.4 months of inventory available, the market leans towards a balanced state, offering choices for buyers while giving sellers a reasonable timeline for sales. This balance could benefit both parties, creating a steady, sustainable pace for transactions in Niagara’s housing market.
Hamilton’s real estate market has seen a 3% increase in unit sales, indicating steady demand from buyers. However, the average sale price has decreased by 3%, reflecting a slight cooling in property values. With 4.1 months of inventory, the market is relatively balanced but leans slightly in favour of sellers, allowing for moderate competition among buyers. This environment suggests that Hamilton’s market is stabilizing, offering both buyers and sellers opportunities for fair transactions.
Review current market conditions below and speak with your Royal Lepage NRC REALTOR® for continued advice.
Niagara-on-the-lake
Unit Sales: +15%
Average Sale Price: -11%
Niagara Falls
Unit Sales: +17%
Average Sale Price: -1%
Fort Erie
Unit Sales: -1%
Average Sale Price: -0%
St. Catharines
Unit Sales: +10%
Average Sale Price: -4%
Thorold
Unit Sales: +19%
Average Sale Price: +2%
Pelham
Unit Sales: +12%
Average Sale Price: +5%
Welland
Unit Sales: -7%
Average Sale Price: -3%
Port Colborne
Unit Sales: +5%
Average Sale Price: -2%
Lincoln
Unit Sales: +16%
Average Sale Price: +1%
West Lincoln
Unit Sales: -5%
Average Sale Price: -7%
Grimsby
Unit Sales: +6%
Average Sale Price: -3%
Dunnville
Unit Sales: 0%
Average Sale Price: -1%
Hamilton
Unit Sales: -2%
Average Sale Price: -2%
Ancaster
Unit Sales: +10%
Average Sale Price: -8%
Stoney Creek
Unit Sales: 0%
Average Sale Price: -4%
Glanbrook
Unit Sales: +4%
Average Sale Price: -9%
Click here for more information on the October 2024 Residential Statistics.