Market Update - April 2022
The Niagara Real Estate Market Report month to month, April 2022 vs March 2022
New listings in the Niagara Region were 1382 in April 2022 vs 1293 in March 2022, which is a increase of 6.9%
Residential home sales totaled 707 in April 2022 compared to 830 in March 2022, which is a Decrease of 14.8%.
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The average HPI composite benchmark* price was $814,600 In April 2022, compared to $825,300 in March 2022, which is an decrease of 1.3%. ️
The Niagara Real Estate Market Report Year over Year- April 2022 vs April 2021
New listings in the Niagara Region were 1382 in April 2022 vs 1325 in April 2021, which is a increase of 4.3%
Residential home sales in Niagara totaled 707 homes in April 2022 compared to1083 in April 2021, which is a decrease of 34.7%
The average HPI composite benchmark* price was $814,600 in April 2022 compared to $643,200 in April 2021, which is an increase of 26.6%
“The real estate landscape in Niagara is experiencing a trend towards a balanced market. Signs of this trend are noted by the increase in the number of new listings and the reduction in the number sales, year over year. This trend also exists in our month-to-month summary of listing and sales activity.
Below is a breakdown of municipalities of new listings, sales and HPI Composite benchmark* prices for April 2022.
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