The first half of 2021 was a case study in the resilience and effects of supply and demand on the Niagara Real Estate Market.
Our most recent Real Estate numbers look at the first 6 months of 2021 compared to the same time period in 2020. In general, across all of Niagara, the same market trends can be found. Before we look at them closer, there are some very important aspects of the last 18 months to consider.
The first half of 2020 produced some of the most, if not the most, volatile statistics in market history thanks to the arrival of the COVID pandemic. From a very strong January and February 2020, the bottom dropped out in the back half of March through April, producing sales numbers that were down 50 to 60% from the norm. At the same time, the supply of new listings pulled right back as well.
Click here to have a look at all the numbers. We are happy to discuss these numbers with you, reach out to us any time!