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.

For February, in Niagara Residential real estate, we saw a bit of a return to balance in the market with a pick up in sales activity from January, a drop in the number of listings hitting the market and an increase in average sale price. Additionally, it was taking less time to sell a house than it was last in January and almost half the amount of time that it was last year same time. This may be setting the stage for an abundant spring market for both sides of the coin.

For January, we saw the highest number of new listings to hit the market over the last ten years, by a significant amount. The market has been moving fairly slowly, not out of alignment with 2023 and 2024 in general, but with a plethora of options for buyers to start 2025. For February, still an unseasonably high number of new listings, excepting February of 2024 with 1,152, but down almost 10% from January 2025. Accompanied by an increase in sales, we have seen a tightening of the gap in the Sales to New Listing ratio and putting both sides of the transaction on a more even playing field.

Given the excess amount of supply, average sale price hasn’t seemed to be responding in accordance. Average sale price is up from January by 4% and up from February of 2024, by 4.3%. To add an interesting perspective, average sale price is actually almost exactly where we were in February of 2021, although comparing to the anomaly years of the last several isn’t the most fruitful as we are not likely to repeat those events anytime soon.

In conclusion, the numbers are giving positive vibes as we progress towards spring and we expect to have a spring market full of quality growth as is the usual.

If you are thinking of selling, or buying, being proactive and jumping in before everyone else and getting ahead of the game presents as prudent. Let us assist you in bringing new energy and new beauty to your life along with the season!!

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