Market Tracker

Thank-you for visiting this page. We have assembled this information in an effort to keep you informed with the most recent and relevant.

Well it may not officially be Spring, but it sure feels like it! “If it looks like a duck, quacks like a duck and acts like a duck, it’s a duck.” I think we should go with that and hopefully continue to manifest this lovely Spring weather in the present! It is wonderful to hear the birds singing their beautiful Spring songs so early in the year.

We think there is much anticipation in respect to the progression of the Real Estate market throughout the balance of 2023 and some of its associated components, like the Mortgage rates.

Number of new listings for February was 882, just slightly down from February of 2022…a number fairly consistent with the past 10 years. Number of sales is down still quite significantly from last year to this, 681 to 484, but we are definitely seeing some evidence of positivity in the market.

Days on market are still high, 72 for the region. Last February was 15, but an anomaly in general for February. The good news is it allows buyers to take their time. It is faster than it was in January, which was 81, good news for potential sellers.

Average sale price is the highest it has been for the last couple of months, $669,923, which makes us optimistic for the Spring and with a strong surrounding Real Estate market outside of the region this could bring even more prosperity and activity here in Niagara.

It will be an absolutely interesting upcoming year.

You know who to call if you would like any further details….the brokerage that LOVES local, MCGARR REALTY!!

There are a few things for you to know:

• The data is supplied from the Niagara Association of REALTORS®
• Behind every statistic is a story and further information. For example, the average sale prices can be impacted as a result of reduced sales volume.
• The information below is being pulled on a daily basis so it will change as we move through the spring.
• To get a closer look at anything regarding the Niagara real estate market, reach out to one of our team to discuss further.
• The info below is segmented by the Region and then 10 municipalities with each graph titled to provide context. Scroll down to find your city.