Let’s have a look at the October Real Estate numbers!

How did we do??

The real estate market for the entire Niagara Region is slowing down. Prices are still decreasing compared to last year and the number of sales is much lower for every municipality.

In the Niagara Region as a whole, the number of sales has gone down by 47% for the month of October 2022, which is fairly consistent with last month’s decrease of 43.6%.

The average sale price also continues to decrease. Where the average sale price for the Niagara Region was $681K in October 2021, it dropped to $654K in October 2022. This is a decrease of 3.9%, which is a bit higher than last month’s 0.6%.

Remember that The Salisbury Team is here to help you!

If you have any questions regarding these numbers, just reach out. We are here for you!

AND If you ever see any sales or listings that you are curious about in your neighbourhood, just ASK and we will look them up!

T.

PS: Text/call me any time if you have questions! 905-321-5050.

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