Niagara’s real estate market is seeing a slight increase in activity, with unit sales rising by 4%. However, the average sale price has dipped by 1%, signaling a shift towards more buyer-friendly conditions. With 5.7 months of inventory, the region is moving towards a balanced market, providing potential buyers with more options. This combination of rising sales and stable prices indicates a dynamic market, where both buyers and sellers have opportunities to navigate the changing landscape.
Hamilton’s real estate market is experiencing a slight cooldown, with unit sales down by 2% and the average sale price dropping by 3%. With 4.3 months of inventory, the market remains moderately competitive, offering a reasonable balance between supply and demand. This decrease in both sales and prices reflects a more cautious market environment. Buyers may find opportunities with more favourable prices, while sellers might face increased competition as the market adjusts to shifting conditions.
Review current market conditions below and speak with your Royal Lepage NRC REALTOR® for continued advice.
Niagara-on-the-lake
Unit Sales: +13%
Average Sale Price: -12%
Niagara Falls
Unit Sales: +15%
Average Sale Price: -1%
Fort Erie
Unit Sales: -4%
Average Sale Price: -1%
St. Catharines
Unit Sales: +6%
Average Sale Price: -4%
Thorold
Unit Sales: +8%
Average Sale Price: +1%
Pelham
Unit Sales: +9%
Average Sale Price: +4%
Welland
Unit Sales: -12%
Average Sale Price: -3%
Port Colborne
Unit Sales: +1%
Average Sale Price: -1%
Lincoln
Unit Sales: +8%
Average Sale Price: +1%
West Lincoln
Unit Sales: -9%
Average Sale Price: -6%
Grimsby
Unit Sales: 0%
Average Sale Price: -5%
Dunnville
Unit Sales: +2%
Average Sale Price: -2%
Hamilton
Unit Sales: -3%
Average Sale Price: -3%
Ancaster
Unit Sales: +4%
Average Sale Price: -8%
Stoney Creek
Unit Sales: -3%
Average Sale Price: -4%
Glanbrook
Unit Sales: -3%
Average Sale Price: -7%
Click here for more information on the September 2024 Residential Statistics.