The Real Estate numbers for August are available!
According to recent data, the Niagara real estate market has only experienced a slight decrease in prices, with a 1% drop from July to August 2023 and a 3.6% decline from August 2022 to August 2023.
Despite this, the market remains stable, and with the Bank of Canada’s recent announcement that interest rates will remain unchanged and a continued lack of inventory, we anticipate a busy fourth quarter.
Those looking to buy or sell in the Niagara region can still have confidence in the market’s strength and resilience.
“August showed us less new listings than July, with basically the same amount of sales, but this is expected during this month, as many are enjoying the last days of summer and getting the kids ready for school,” said Amy Layton, NAR President.
(Source: Niagara Association of Realtors.)
So… how did your municipality do??
REMEMBER: if you have any questions, please text/call me! 905-321-5050.