In May, the Niagara Association of REALTORS® listed 1568 residential properties compared to 1318 in May 2023. The average days it took to sell a home in May 2024 was 37 days, a 23% increase from May 2023. Consumers who have been waiting on the sidelines should be in the market now with the Bank of Canada announcement reducing the interest rate today. This has given both buyers and sellers the confidence in the market they needed. May was already showing signs of that confidence with May Sales identical to April and the Benchmark Price increase along with the days on market…
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Niagara Market Stats - May 2024
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Tips & Tricks to Get Your Home Ready for the Spring Market in Niagara Region
Are you are planning on putting your house on the market this spring? If you are, then now is the time to get started. As your professional agent for all your Niagara real estate needs, there are several things you can do to make your home stand out from the rest. Here’s how to get a quick sale at or close to full market value. Read on and get ready to turn that ‘For Sale’ sign into a ‘Sold’. Spring is often the most popular homebuying season. Birds are chirping, bulbs are peeking through the soil, and homebuyers are coming out of hibernation.…
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Is it Spring Yet? Why Listing In February Could Be the Right Choice For You
Why Putting Off Listing Until Spring Could Actually Cost You Money Are you thinking of selling your home and don’t want to wait until the housing market starts to heat up this year? The conventional, traditional wisdom would warn you off. The housing market doesn’t really heat up until summer, or so the experts in the housing market would say. They would also say something like, “People don’t really want to buy homes while the weather is still bad and listing your home in the winter just makes you look desperate.” It may well be conventional wisdom, and while it does come from years…
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JULY MARKET UPDATE
The Niagara Region is experiencing a balanced market with housing prices rising slightly. This stability indicates a healthy real estate landscape, attracting both buyers and sellers. The consistent increase in housing prices showcases the Region’s desirability and points to a strong market going into the Fall. Reach out if you have any questions.
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The Benefits of Selling Your Home in the Spring Market
As we step into spring, many things come to mind from the blooming flowers to the brighter days. But did you know that spring is one of the most favored times to sell a house? The warm weather, mild conditions, and picturesque viewings set the scene for your house to look it's best. In this blog, we will explore the benefits of selling your home in the spring market and why it's the perfect time to put your home on the market.
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Niagara Real Estate Market Update
The Niagara Real Estate Market Report Month to Month, October 2022 vs September 2022 Month over Month, Niagara real estate has shown a small decrease in the benchmark price. The number of unit sales is slightly higher when compared to last month. This may be an indication of a trend towards stable pricing and sales in Niagara. Check out the monthly stats below: New listings in the Niagara Region were 1038 in October 2022 vs 1177 in September 2022, which is a decrease of 11.8% Residential home sales totaled 410 in October 2022 compared to 399 in September 2022, which is…
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Great Reasons to Sell Your Home in Fall & Winter
7 Reasons To Sell Your Home In Fall And Winter After a Spring/Summer as unprecedented as this year, a lot of sellers held off listing their homes, and now that winter is around the corner they are asking: is it worth it to list now or should we wait until spring? While we can try to forecast future markets, one thing we know for sure is that the market is still strong – properties are still selling. This Spring/Summer left many people wanting as there were fewer listing available. There are a number of reasons why I recommend to clients that they list their homes…
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Check Out How the Niagara Real Estate Market Compares to One Year Ago!
Check out how the Niagara real estate market compares to one year ago! The Niagara Real Estate Market Report Year vs Year, January 2021 vs January 2022 Residential home sales totaled 504 in January 2021 compared to 454 in January 2022, which is a Decrease of 9.9%. The Number of new listings reported was 616 in January 2021 compared to 529 in January 2022 which is a decrease of inventory by 14.1% The average HPI composite benchmark* price was $561,200 In January 2021, compared to $748,800 in January 2022, which is an increase of 33.4%. Niagara housing market expected to remain…
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Top 5 Winter Curb Appeal Tips
Typically, it’s easy to make your house look attractive when flowers are blooming, the sun is shining or the leaves are changing colour. But how do you make your property look great during the cold months? We asked the RE/MAX Influencers—a panel consisting of RE/MAX Sales Associates from throughout Canada—for their top Winter Curb Appeal Tips. Below are their top responses. 1 – Sweep the Leaves, Shovel the Snow A driveway with a thick layer of snow is much less inviting than a clear pathway leading to the front door of a home. Sweeping leaves and shovelling snow is incredibly important to make your…
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Niagara Real Estate Market Stats
Niagara Region is still experiencing a low inventory of homes for sale. This is the optimum time to get top dollar for your property!
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