April 2023 Residential Statistics

REAL ESTATE MARKETS ACROSS NIAGARA / HALDIMAND / HAMILTON ARE STARTING TO BUILD MOMENTUM AS WE HEAD INTO SPRING / SUMMER MONTHS.

 

WE HAVE A HEALTHY AMOUNT OF INVENTORY COMPARED TO OTHER MARKETS.  THE NUMBER OF SALES CONTINUE TO TREND GRADUALLY UPWARDS AS MORE BUYERS ENTER THE MARKET.  AVERAGE SALE PRICE CONTINUES TO CLIMB WHICH ALL INDICATE A RETURN TO A MORE BALANCED MARKET. WE EXPECT THIS TREND TO CONTINUE OVER THE NEXT FEW MONTHS.  SELLERS WILL NEED TO PRICE ACCORDINGLY BASED ON LOCAL MARKET CONDITIONS / INVENTORY.  BUYERS WILL NEED TO BE PREPARED FOR THE MARKET AND SEGMENT / PRICE RANGE ( ENTRY / MIDDLE / LUXURY).  THESE FUNDAMENTALS ARE CRUCIAL IN REACHING YOUR DESIRED OUTCOME. CONTACT YOUR LOCAL ROYAL LEPAGE NRC REALTOR FOR A “NO GIMMICK” HOME EVALUATION OR BUYER CONSULTATION TODAY.