Market Tracker

Tracker for the Niagara Real Estate Market.

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

Is the Real Estate market shaping up to be as beautiful and balmy as the first month of the New Year?

Average sale price in Niagara for January 2025 is comparable with January of 2024. A negligible price difference at $661,214 for January 2025 and $660,300 for January of 2024. There has been however a huge increase in the number of listings that hit the market this January, 1,334, up 40.6% from January of last year and the highest number of new listings for January over the last 10 years, so still an abundance of inventory, especially considering there was a dip in sales activity. Number of sales for the Niagara Region was 371 compared with 289 for January of 2024. Not necessarily seasonably low, but considering the quantity of properties on the market right now, there’s quite a large gap. It is surprising we have not seen an effect on sale price. The interest rate was yet again reduced on January 29^th, so possibly for our Spring market we may see a lot of possibility in respect to number of sales materializing at that time. The number of days to sell a property in Niagara has significantly reduced, from 83 in January 2024, to just 60 for this January.

We are all anticipating what is to come for Real Estate. There have been some policy decisions, like an immigration numbers reduction over the next three years and some policy implementation to stimulate the market, like an increase in the mortgage amortization period for new buyers to 30 years and an increase in the cap for insured mortgages to $1,500,000. There are many factors, even beyond those to consider that can have an impact on what is to come.

The one thing we can share is, “Don’t wait to buy real estate, buy real estate and wait”. Call McGarr Realty and let’s get started on your Real Estate journey for 2025!!

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 First 91 Days Infographic Report