WE ARE OFF AND RUNNING FOR 2023. JANUARY STARTED WITH AN INCREASE IN LISTINGS, MANY BEING RELISTED PROPERTIES THAT DIDN’T SELL IN 2022. SALES DROPPED COMPARED TO JANUARY 2022 AS DEMAND IS MUCH WEAKER. PRICES DROPPED IN MOST (BUT NOT ALL) MARKETS.
THE POSITIVE NEWS MOVING FORWARD IS THAT THE BULK OF RATE HIKES ARE OVER, INFLATION IS DECREASING, STOCK MARKETS HAVE STARTED RECOVERING.
AS WE CONTINUE INTO THE SPRING MARKET YOU CAN EXPECT A HEALTHY AMOUNT OF INVENTORY, SOME WELL PRICED PROPERTIES, AND OVERALL GRADUAL INCREASE IN CONSUMER CONFIDENCE.
OUR TEAM OF FULL SERVICE REALTORS® ARE READY TO ASSIST YOU IN 2023 WITH ALL YOUR REAL ESTATE NEEDS. WE SPECIALIZE IN RESALE, NEW HOMES, INVESTMENT PROPERTIES, COMMERCIAL PROPERTIES, AND LEASING.
Niagara-on-the-lake
Unit Sales: -59%
Averagle Sale Price: +10%
Niagara Falls
Unit Sales: -41%
Average Sale Price: -28%
Fort Erie
Unit Sales: -51%
Average Sale Price: -29%
St. Catharines
Unit Sales: -34%
Average Sale Price: -23%
Thorold
Unit Sales: -4%
Average Sale Price: -34%
Pelham
Unit Sales: 0%
Average Sale Price: -31%
Welland
Unit Sales: -24%
Average Sale Price: -23%
Port Colborne
Unit Sales: -19%
Average Sale Price: -23%
Lincoln
Unit Sales: -38%
Average Sale Price: -33%
West Lincoln
Unit Sales: -23%
Average Sale Price: -34%
Grimsby
Unit Sales: -37%
Average Sale Price: -10%
Dunnville
Unit Sales: -72%
Average Sale Price: -22%
Hamilton
Unit Sales: -18%
Average Sale Price: -18%
Ancaster
Unit Sales: -38%
Average Sale Price: -20%
Stoney Creek
Unit Sales: -15%
Average Sale Price: -21%
Glanbrook
Unit Sales: +13%
Average Sale Price: -12%
Click here for more information on the January 2023 Residential Statistics