August Market Update
“The Niagara Real Estate Market is continuing to shift while buyers are in better positions to purchase their homes with more choices. The financial information available suggests residential prices will drop in the near future as well. Check out the monthly stats below.
The Niagara Real Estate Market Report Month to Month, August 2022 vs July 2022
New listings in the Niagara Region were 1095 in August 2022 vs 1174 in July 2022, which is a decrease of 6.7% 
Residential home sales totaled 457 in August 2022 compared to 369 in July 2022, which is a Increase of 23.8%. ️
The average HPI composite benchmark* price was $687,500 In August 2022, compared to $716,500 in July 2022, which is an decrease of 4.5 %.️ ️
The Niagara Real Estate Market Report Year over Year - August 2022 vs August 2021
New listings in the Niagara Region were 1095 in August 2022 vs 872 in August 2021, which is a increase of 25.6 %
Residential home sales in Niagara totaled 457 homes in August 2022 compared to 740 in August 2021, which is a decrease of 38.2 %
The average HPI composite benchmark* price was $687,500 in August 2022, compared to $658,500 in August 2021, which is an increase of 4.4 %
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.
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