Thank-you for visiting this page. We have assembled this information in an effort to keep you informed with the most recent and relevant.
Good news! We are just tickled PINK at how things are shaping up for 2024.
In the Niagara Region, not only are we having the most beautiful winter ever, but the real estate market is starting the year off just right!
Average sale price in the Region for January is up from December 2.5% and up from January of 2023 3.9%. I am sure you homeowners considering selling are happy to hear that.
Inventory for January is way up, from December, 949 from 391! Lots of new listings hitting the market for you buyers hoping to snap up just the right place to reside here in Niagara. Record high January for new listings over the last 10 years!
Sales for the region, also up from December, at 389. Not a record high, but up 43%! Up 20.4% from January of 2023, which was a ten year record low January.
Days on market also increased, but that is quite alright….it is taking a little longer to sell, but there is more to look at and we are getting more for our properties.
Jump in there buyers before we hit our seasonably faster paced spring market. It is shaping up to be a strong 2024!
There are a few things for you to know:
Again, we hope you have found this helpful. We will continue to update all of the above as we move through the coming weeks and months.
Your feedback, thoughts or inquiries are always welcome.
You can contact us here.
Most importantly, take good care and be safe.
The McGarr Team.