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May 2019 Residential Statistics

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Spring Market has brought an increase in both Unit Sales and Average Sale Price.

The Niagara Region had a total of 7% increase in unit sales, and an 8% increase in average sale price YTD for the month of May. Compared to last year, there was an 8% increase in listings in the region. Residential properties averaged 40 days on market and $325/sqft. With only 3 months of supply left, we are heading into a busy seller’s market!

Hamilton, Ancaster and Stoney Creek had a total of 11% increase in unit sales, and a 5% increase in average sale price YTD for the month of May. Compared to last year, there was a 6% increase in listings in the area. Residential properties averaged 31 days on market and $361/sqft. With only 2 months of supply left, we are heading into a busy seller’s market!

Market Breakdown

Niagara-on-the-Lake
Unit Sales: up 23%
Average Sale Price: up 15%

Niagara Falls
Unit Sales: down 8%
Average Sale Price: up 13%

Fort Erie
Unit Sales: up 7%
Average Sale Price: up 2%

St. Catharines
Unit Sales: up 5%
Average Sale Price: up 8%

Thorold
Unit Sales: up 25%
Average Sale Price: up 17%

Pelham
Unit Sales: up 33%
Average Sale Price: stayed the same

Welland
Unit Sales: up 23%
Average Sale Price: up 10%

Port Colborne
Unit Sales: up 1%
Average Sale Price: down 9%

Lincoln
Unit Sales: up 2%
Average Sale Price: up 3%

West Lincoln
Unit Sales: up 6%
Average Sale Price: up 20%

Grimsby
Unit Sales: up 15%
Average Sale Price: up 3%

Dunnville
Unit Sales: up 12%
Average Sale Price: down 4%

Hamilton
Unit Sales: up 9%
Average Sale Price: up 6%

Ancaster
Unit Sales: up 4%
Average Sale Price: stayed the same

Stoney Creek
Unit Sales: up 23%
Average Sale Price: up 4%

May Residential Stats Reports

Click below to access our May Statistics Reports: