The benchmark price of $617,000 is an enticing number for Niagara to attract first time home buyers and anyone looking for an affordable and beautiful place to call home. With the Bank of Canada holding the interest rate at 5% and expectations are they could possibly reduce that rate this year, we should be prepared for a somewhat typical spring market. With the many market changes seen in 2023 and with more expected in 2024, it’s vital to seek the advice and expertise of a professional. If you’re looking to buy or sell a home or just have questions about…
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DECEMBER REAL ESTATE MARKET UPDATE
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November Real Estate Market Update
As we're getting close to 2024, Niagara is still proving to be a great place to buy, sell and invest in Real Estate. "Niagara housing prices are holding strong with a slight decrease in price of less than 1% month over month and year over year. We also see an increase in sales and new listings year over year,” reports Niagara Association of REALTORS® President, Amy Layton. “This is a good sign which continues to show Niagara remains an attractive place to buy a home. A higher average days on market of 45.5 days from 37 days in October 2023 shows people…
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