Niagara Housing Market Sees Seasonal Listing Surge Amid Cautious Buyer Activity
The Niagara housing market in 2025 continues to show lower sales activity than in the past decade, though signs of recovery are emerging. The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 535 units in September 2025, a modest gain of 1.1 percent from September 2024.
Despite the year-over-year increase, home sales were 3.4 percent below the five-year average and 13.7 percent below the ten-year average for the month. On a year-to-date basis, 4,773 homes have sold across Niagara over the first nine months of 2025, down 7.6 percent from the same period in 2024.
As of August, average prices were down 4.24 percent year over year, while the supply of homes for sale continues to rise, creating a more buyer-favourable environment with increased choice and softer pricing than in recent years. New listings climbed to 1,738 in September, up from 1,415 in August, and homes spent an average of 47 days on the market, a 2.1 percent decrease from the previous month.
While fall often brings renewed market activity, this year’s surge in listings is being met with a measured buyer response. Despite a recent interest rate reduction, economic uncertainty and affordability concerns continue to temper demand.
Overall, motivated sellers, elevated inventory, and moderating prices present strategic opportunities for buyers, while sellers are advised to price ahead of the market as conditions evolve heading into the winter months.
