Niagara Market Report - July
⭐️The Niagara Real Estate Market Report Month to Month, July 2022 vs June 2022
New listings in the Niagara Region were 1174 in July 2022 vs 1534 in June 2022, which is a decrease of 23.5% ⬇️
Residential home sales totaled 369 in July 2022 compared to 483 in June 2022, which is a Decrease of 23.6%. ️⬇️
The average HPI composite benchmark* price was $716,500 In July 2022, compared to $753,200 in June 2022, which is an decrease of 4.9 %.️ ️⬇️
⭐️The Niagara Real Estate Market Report Year over Year - July 2022 vs July 2021 ⭐️
New listings in the Niagara Region were 1174 in July 2022 vs 991 in July 2021, which is a increase of 18.5 %⬆️
Residential home sales in Niagara totaled 369 homes in July 2022 compared to 749 in July 2021, which is a decrease of 50.7 %⬇️
The average HPI composite benchmark* price was $716,500 in July 2022, compared to $652,200 in July 2021, which is an increase of 9.9 % ⬆️
✨ The characteristics of the HPI composite benchmark is a 1,276 sq. Ft. home between the age of 51 and 99 with 3 bedrooms and 2 bathrooms, and an attached single car garage.
💥“The market in the Niagara region continues to trend towards a buyer’s market. Average prices have dropped again in July and inventory continues to increase giving buyer’s more choices,” You can also see that the average sale price is still higher than July of 2021.💥
⭐️ Here is a breakdown of municipalities of new listings, sales and HPI Composite benchmark* prices for July 2022 vs June 2022. & July 2022 vs July 2021. 🏡
👉If you are thinking of making a move, or just have any questions about the market , call me! I'm happy to help.
☎️905-321-6165 - www.tracyphelan.com
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