Niagara Market Update Report
Hello September! We welcome the start of our Fall selling season on the tail of an extremely buoyant Summer market in Niagara.
The Niagara Association of REALTORS® (NAR) reported 725 property sales processed through the NAR Multiple Listing Service (MLS®) system in August. This represents a 19.8% increase in sales over August of last year.
The residential average sale price of $281,085 was 18.3% higher than last August. The average days on market decreased from 61 to 49 in the residential freehold market, and decreased from 81 to 66 in the condominium market.
If you are thinking of selling, please call us to find out how your property fits into the current market scene.
All the Best! John & Cathy
Please refer to the chart below for residential market activity in select areas in NAR’s jurisdiction.