We are pleased to share the latest update on the Niagara real estate market. As we enter the fourth quarter of 2023, we have observed a slower sales period in comparison to the same period last year. This is due to an increase in listings and a decrease in sales.
However, according to our data, the average days it took to sell a home in October 2023 was 37 days, which is a 15.9% decrease from October 2022. The average days it took to sell a home in October 2022 was 44. We can conclude that the current market is not a fast moving one and in favour of the buyers in the sense that there is more supply than demand right now.
Remember… if you have any questions, The Salisbury Team is here to help!
Text/call me at 905-321-5050.