Back To Top

July 2023 Residential Statistics

facebook icon twitter icon instgram icon
The dog days of summer are here, and our typical summer slowdown is in progress (people vacationing + interest rates increased).
Niagara had 1402 new listings in July as inventory moves upwards and sits at 4.3 months.  Sales decreased 16% month over month and average sale prices remained flat.
Hamilton had 922 new listings in July and inventory stayed relatively the same at 2.4 months.  Sales decreased 25% month over month and average sale prices rose slightly.
Haldimand had an increase in new listings in July (142) and inventory rose sitting at 4.5 months.  Sales decreased 24% month over month and average sale prices increased.
The Following are crucial navigating the current real estate market:
-        Individual markets vary significantly and current statistics are crucial (Seller / Balanced / Buyer)
-        Many properties are not being priced according to current conditions, relisted, cancelled, the Over-Promise & Under-Deliver
-        Prices are stable but buyers have more to choose from
Review current market conditions below and speak with your Royal LePage NRC REALTOR® for continued advice.
 
Niagara-on-the-lake
 
Unit Sales: -4%
Average Sale Price: -8%
 
Niagara Falls
 
Unit Sales: -22%
Average Sale Price: -16%
 
Fort Erie
 
Unit Sales: -9%
Average Sale Price: -18%
 
St. Catharines
 
Unit Sales: -14%
Average Sale Price: -15%
 
Thorold
 
Unit Sales: +6%
Average Sale Price: -15%
 
Pelham
 
Unit Sales: -8%
Average Sale Price: -16%
 
Welland
 
Unit Sales: -9%
Average Sale Price: -12%
 
Port Colborne
 
Unit Sales: -8%
Average Sale Price: -16%
 
Lincoln
 
Unit Sales: 0%
Average Sale Price: -23%
 
West Lincoln
 
Unit Sales: -11%
Average Sale Price: -13%
 
Grimsby
 
Unit Sales: -8%
Average Sale Price: -15%
 
Dunnville
 
Unit Sales: -19%
Average Sale Price: -11%
 
Hamilton
 
Unit Sales: -22%
Average Sale Price: -13%
 
Ancaster
 
Unit Sales: -8%
Average Sale Price: +3%
 
Stoney Creek
 
Unit Sales: -16%
Average Sale Price: -15%
 
Glanbrook
 
Unit Sales: -3%
Average Sale Price: -17%
 
Click here for more information on the July 2023 Residential Statistics.