We have reached the halfway point in 2023 and the current real estate environment is trending towards a plateau heading into summer.
Niagara had 1509 new listings in June as inventory moves upwards and sits at 4.5 months. Sales decreased 12% month over month and average sale prices remained flat.
Hamilton had 1175 new listings in June and inventory stayed relatively the same at 2.7 months. Sales decreased 16% month over month and average sale prices remained rose slightly.
Haldimand had a substantial decrease in new listings in June (135) and inventory dropped sitting at 4.4 months. Sales increased 16% month over month and average sale prices increased.
The following are crucial for 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
- Understanding current buying & selling timelines, financing, due diligence, and overall process
Review current market conditions below and speak with your Royal Lepage NRC REALTOR® for continued advice.
Niagara-on-the-lake
Unit Sales: -17%
Average Sale Price: -10%
Niagara Falls
Unit Sales: -29%
Average Sale Price: -18%
Fort Erie
Unit Sales: -15%
Average Sale Price: -20%
St. Catharines
Unit Sales: -19%
Average Sale Price: -16%
Thorold
Unit Sales: 0%
Average Sale Price: -15%
Pelham
Unit Sales: -8%
Average Sale Price: -18%
Welland
Unit Sales: -15%
Average Sale Price: -12%
Port Colborne
Unit Sales: -13%
Average Sale Price: -16%
Lincoln
Unit Sales: 0%
Average Sale Price: -24%
West Lincoln
Unit Sales: -12%
Average Sale Price: -18%
Grimsby
Unit Sales: -9%
Average Sale Price: -14%
Dunnville
Unit Sales: -22%
Average Sale Price: -18%
Hamilton
Unit Sales: -23%
Average Sale Price: -15%
Ancaster
Unit Sales: -14%
Average Sale Price: -14%
Stoney Creek
Unit Sales: -18%
Average Sale Price: -17%
Glanbrook
Unit Sales: -6%
Average Sale Price: -18%
Click here for more information on the June 2023 Residential Statistics