November 2018 Residential Statistics are in! On average, unit sales are down across the Niagara and Hamilton regions, but prices have risen ever-so slightly. With 3.3 months of inventory, we are nearing a balanced market.
St Catharines had a 10.9% decrease in unit sales and a 6.3% increase in average sale price.
Niagara on the Lake, Niagara Falls, Thorold, Pelham, Welland, Port Colborne, Lincoln, West Lincoln, Dunnville, Hamilton, Ancaster and Stoney Creek all had a decrease in unit sales, but increase in average sale price.
Fort Erie and Grimsby saw an increase in both unit sales and average sale price in the month of November.