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November 2023 Residential Statistics

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Niagara's real estate market is experiencing a steady trend with no change in new listings. However, year-to-date unit sales have decreased by 12%, reflecting a cautious market sentiment. The average sale price has also seen an 11% decline YTD, indicating a buyer's market. With 4.3 months of inventory, there's a balanced supply and demand, offering potential buyers ample choices. These metrics suggest a market in transition, with affordability and inventory levels influencing current dynamics.

Hamilton's real estate market, though seeing a minor 2% dip in new listings, is characterized by resilience and potential. Despite a 20% year-to-date decrease in unit sales, the market offers favourable conditions for buyers with an 8% drop YTD in average sale prices, making homeownership more accessible. With a tight 2.8 months of inventory, the city presents a balanced landscape, encouraging a positive outlook for those navigating the market, with ample opportunities to find value in a slightly adjusted real estate environment.

Review current market conditions below and speak with your Royal Lepage NRC REALTOR® for continued advice.

Niagara-on-the-lake
 
Unit Sales: -9%
Average Sale Price: -3%
 
Niagara Falls
 
Unit Sales: -19%
Average Sales Price: -14%
 
Fort Erie
 
Unit Sales: -1%
Average Sale Price: -18%
 
St. Catharines
 
Unit Sales: -14%
Average Sale Price: -10%
 
Thorold
 
Unit Sales: +12%
Average Sale Price: -13%
 
Pelham
 
Unit Sales: -9%
Average Sale Price: -6%
 
Welland
 
Unit Sales: -15%
Average Sale Price: -9%
 
Port Colborne
 
Unit Sales: -5%
Average Sale Price: -12%
 
Lincoln
 
Unit Sales: -12%
Average Sale Price: -15%
 
West Lincoln
 
Unit Sales: -9%
Average Sale Price: -9%
 
Grimsby
 
Unit Sales: -14%
Average Sale Price: -6%
 
Dunnville
 
Unit Sales: -17%
Average Sale Price: -7%
 
Hamilton
 
Unit Sales: -22%
Average Sale Price: -9%
 
Ancaster
 
Unit Sales: -8%
Average Sale Price: +1%
 
Stoney Creek
 
Unit Sales: -20%
Average Sale Price: -8%
 
Glanbrook
 
Unit Sales: -14%
Average Sale Price: -1%
 
Click here for more information on the November 2023 Residential Statistics