February Real Estate Market Update

The Niagara Real Estate Market Report for February 2024 

Spring is on its way!!  Everything is heading in the right direction. 

Compared to January 2024, the number of New Listings (1,073), the number of Sales (519) and the HPI Benchmark price ($619,600) have all increased. Over the last month the number of days on market has decreased - all signs of the market activity trending upwards, reports Niagara Association of REALTORS®

The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price for the Niagara Region was $619,600 in February 2024. This was a decrease of 2.6% compared to February 2023.  

The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price for the Niagara Region was $619,600 in February 2024. This was a decrease of 2.6% compared to February 2023. 

If you're thinking of selling or have any questions regarding the real estate market, feel free to Call, text or DM me at (905) 321-6165 | www.tracyphelan.com