Thank-you for visiting this page. We have assembled this information in an effort to keep you informed with the most recent and relevant.
April’s Niagara Real Estate Highlights.
1. New Listings - 1,486, an 18.6% increase over March. Second highest number of new listings for April over the last 10 years, slightly below April of 2022, which was a boom point where prices were high, most offer situations were competing and everyone wanted to get in there while the market was hot. There could have been many factors that contributed to a higher number of listings hitting the market in April, including mortgage renewals, but of course the hope is that property owners are seeing this as a positive point to put their homes up for sale and make whatever changes are desired or required at this time.
2. Number of sales, 650, a 5.7% increase over March. We are also up a similar increase from April of 2023, so allowing for lots of inventory, but not so much that homes are sitting longer than they were in March.
3. Days to sell - 14 days faster than they were in March 2024!!
4. Average sale price – down 2.2% from March 2024, to $699,123.
5. Overall, in some areas, in certain sectors of the market, we are having multiple offer situations. Price increases and decreases vary quite a bit based on the individual cities in the Niagara Region.
If you want more specific details, please reach out to us and we can provide you with the service we feel you deserve….only the best! Everyone can use a little pink in their lives.
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.
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