Market Tracker

Tracker for the Niagara Real Estate Market.

For much of 2021, the biggest discussion point on the Niagara Regions Real Estate Market was our low standing inventory. The issue at hand, has actually been a combination of average (or below average) new listing inventory combined with a historically high number of sales. The result is homes that are well priced are selling in days, which is further leading to a low level of active listings.

Because of these relentlessly competitive market conditions,  we have experienced unprecedented upward pressure on prices over the past 18 months.

With the strong demand in the market, we don’t foresee the typical winter slow down when it comes to sales. While we may see overall fewer sales in the next few months, that will be a factor of the low active inventory, rather than a lack of demand. People who have considered selling their home may even take advantage of the demand and low inventory levels to come to market in January, which is a less competitive market in terms of overall inventory.

None of us have a crystal ball, but this is really a market of supply and demand. The low levels of active listings and strong demand will continue to have upward pressure on pricing. It will take either a significant increase in standing active inventory or a sizable drop in demand for us to start to transition into a balanced market.

Stay tuned as well. Our 2021 Market Report will be released in the near future as well which will provide a more in depth look at the Niagara market with city reports, market analysis and trends to watch. 

Looking for help? Reach out to us and we'll connect you with one of our Realtor team

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.

Niagara Region: All Residential Sales

St. Catharines: All Residential Sales

St. Catharines: Detached

Niagara Falls: All Residential Sales

Niagara Falls: Detached

Niagara-on-the-Lake: All Residential Sales

Niagara-on-the-Lake: $1M+ Properties

Thorold: All Residential Sales

Thorold: Excluding New Builds

 Welland: All Residential Sales

 

 




 

 
 

 

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