THE FIRST QUARTER OF 2023 IS OVER. AS WE HEAD INTO SPRING WE HAVE STARTED TO SEE MORE INVENTORY, SALES PICKING UP MOMENTUM, AND PRICES GRADUALLY INCREASING MONTH / MONTH
EACH MARKET AND SEGMENT OF EACH MARKET VARY SIGNIFICANTLY WHICH IS IMPORTANT WHEN BUYING OR SELLING. BOTH WILL MAKE CONCESSIONS AS THE MARKET & INFLATION CONTINUES TO BALANCE
OVERALL WE EXPECT MARKET CONDITIONS TO GRADUALLY IMPROVE HEADING INTO THE NEXT QUARTER. IN NIAGARA/HALDIMAND REGIONS WE SAW UNIT SALES DECREASE BY 33% AND THE AVERAGE SALE PRICE HAS DECREASED BY 22%. IN HAMILTON REGION WE SAW UNIT SALES DECREASE BY 36% AND AVERAGE SALE PRICE DECREASE BY 21%. OUR TEAM OF FULL SERVICE REALTORS® ARE READY TO ASSIST YOU WITH ALL YOUR REAL ESTATE NEEDS. WE SPECIALIZE IN RESALE, NEW HOMES, INVESTMENT PROPERTIES, COMMERCIAL PROPERTIES, AND LEASING.
Niagara-on-the-lake
Unit Sales: -45%
Average Sale Price: -7%
Niagara Falls
Unit Sales: -34%
Average Sale Price: -22%
Fort Erie
Unit Sales: -43%
Average Sale Price: -29%
St. Catharines
Unit Sales: -35%
Average Sale Price: -21%
Thorold
Unit Sales: -23%
Average Sale Price: -29%
Pelham
Unit Sales: -35%
Average Sale Price: -22%
Welland
Unit Sales: -27%
Average Sale Price: -20%
Port Colborne
Unit Sales: -31%
Average Sale Price: -20%
Lincoln
Unit Sales: -9%
Average Sale Price: -29%
West Lincoln
Unit Sales: +4%
Average Sale Price: -27%
Grimsby
Unit Sales: -37%
Average Sale Price: -15%
Dunnville
Unit Sales: -55%
Average Sale Price: -24%
Hamilton
Unit Sales: -37%
Average Sale Price: -22%
Ancaster
Unit Sales: -30%
Average Sale Price: -13%
Stoney Creek
Unit Sales: -30%
Average Sale Price: -23%
Glanbrook
Unit Sales: -45%
Average Sale Price: -23%
Click here for more information on the March 2023 Residential Statistics