The Niagara real estate market is experiencing a notable shift, as unit sales have declined by 11%, and the average sale price has dropped 13%. However, the market maintains some stability with 4.4 months of inventory, providing a balanced supply. Interestingly, new listings have remained steady with no change, suggesting a level of consistency in market activity. This environment presents both challenges and opportunities for prospective buyers and sellers, requiring careful assessment and strategic decision-making.
Hamilton's real estate market is undergoing a notable shift, characterized by a substantial 19% decrease in unit sales and a 9% reduction in the average sale price. With just 2.7 months of inventory available, it's a balanced buyers market. Meanwhile, new listings have also decreased by 3%, indicating a slowdown in market activity. These dynamics reflect a challenging environment for buyers, requiring careful consideration and strategy in this competitive real estate landscape.
Review current market conditions below and speak with your Royal Lepage NRC REALTOR® for continued advice.