"Niagara Real Estate Market Update - August 2024 Residential home sales activity recorded through the MLS® for the Niagara Association of REALTORS® (NAR) totaled 503 units in July 2024, compared to 522 July 2023. In July, the NAR listed 1345 residential properties compared to 1280 in July 2023. The average days it took to sell a home in July 2024 was 42 days, a 31.3% increase from July 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 $646,900 in…

More great news for real estate as the Bank of Canada key interest rate drops another 25 basis points. Three consecutive cuts of 25 basis points each in 2024! With this most recent interest rate cut, now is a prime opportunity to sell, buy, or invest in real estate in the Niagara region. Lower rates make it easier for buyers to finance their dream homes, while sellers can attract more interest from motivated buyers. Whether you're looking to move, invest, or find your perfect home, this is an ideal moment to take advantage of the market. Find out how this impacts your…