Category Archives: Real Estate Market Update

The Niagara Association of REALTORS® (NAR) has released its latest report on residential home sales activity, providing valuable insights into the local housing market. Key highlights for January 2024: Sales Activity: In January 2024, residential home sales recorded through the MLS® totaled 357 units, marking an increase from 302 units in January 2023. Listing Activity:…

As we welcome 2024, we are excited to present our Team Berkhout Bosse New Year Market Report, offering a comprehensive review of the 2023 Niagara real estate market and predictions for the year ahead. Residential Home Sales: In 2023, there were 5,640 residential home sales in Niagara, down 5.8% from 2022. Notably, Thorold saw a…

The local housing market is demonstrating remarkable resiliency in the aftermath of the pandemic. Despite reduced sales volume so far this year, we are beginning to see sale prices crawling up from the drastic drop experienced between March and December 2022. According to the MLS® sales reports of the Niagara Association of REALTORS®, as of…

The number of homes sold through the MLS System of the Niagara Association of Realtors totaled 371 units in November 2022. This was a decline of 49.1 per cent from November 2021. Home sales were 39.8 per cent below the five-year average and 37.1 per cent below the 10-year average for the month of November.…

This year the Fall market is reflecting a time of moderation in our local real estate industry. After several years of unprecedented activity and price appreciation, we are now seeing a return to more normal market conditions.  The MLS® system for The Niagara Association of REALTORS® (NAR) recorded a total of 410 units sold in…

Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totaled 473 units in December 2021, compared to 558 units in December 2020. In December, the Niagara Association of REALTORS® listed 403 residential properties compared to 393 in December 2020. The average days it took to sell a home…

Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totaled 7929 units in  2020. This was an increase of 14% from December 2019. Happy New Year!! The dream of a lifestyle change paired with affordability played a strong role in moving the 12-Month Average Price in Niagara up…

Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totaled 883 units in October 2020. This was an increase of 39.5% from October 2019. “It's evident the Niagara Region remains at the top of the list for Home Buyers.. Looking year over year the number of new listings…

Sellers and Buyers are confident in the Real Estate Industry Safety Protocols being used to keep Niagara families moving. Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totaled 473 units in May 2020. This was a decrease of 38% from May 2019. “What a difference a month…

Curious how the Niagara Real Estate Market is being impacted by the pandemic? Here's a 1st look at APRIL 2020 Niagara Market Statistics. Total residential sales of 216 units is DOWN 65% from 614 sales recorded in April 2019. New Listings for the month DROPPED 52% from 1013 in April 2019 to 486 in April…

Niagara home sales continued to rise in 2019 despite declining supply. 2020 is predicted to be another challenging market for buyers with multiple offers and another year of increasing prices on the horizon. The annual residential home sales activity recorded through the MLS® system for the Niagara Association of REALTORS® (NAR) totalled 6,002 units in…

Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totaled 724 units in May 2019. This was an increase of 2.12% from May 2018. On a year-to-date basis, home sales totalled 2,834 units over the first four months of the year, up 8.3% from the same period in…

Welcome to the new year. May this year bring new happiness, new achievements and a lot of new inspirations in your life. As we reflect back on 2018, we are encouraged that the year to date real estate statistics continue to illustrate the more balanced approach the market has taken. Year to date, residential property…

Rising interest rates will be a key factor affecting housing affordability in 2019 Thirty-six per cent of Canadians are considering a home purchase in the next five years, down from 48 per cent at the same time last year Sixty-five per cent of Canadians said they do not want to live near a retail cannabis…

The Niagara Association of REALTORS® (NAR) reported 600 property sales processed through the NAR Multiple Listing Service (MLS®) system in November. This represents a 2.7% increase in sales compared to November of last year. In Pelham and Welland, unit sales for the month were down 5.2% and 27.7% respectively. In the residential freehold market, the…

With inventory levels slowly inching up we are beginning to see the average price beginning to stabilize. The total number of unit sales was down 30% in March with the Average Price shifting down .47% from $403,182 to $401,284. The total number of new listings was 933 up 11% from 828 last March.

As the first quarter of 2018 is drawing to a close we continue to experience the effects of an under supplied Seller's Market. In the entry level price ranges multiple offers are the norm with sale prices surging $20,000 to sometimes $40,000 over list price. Although the total number of sales is actually on the…