January 2018 Regional Residential Statistics
Check out this January’s Residential Market Statistics, and Month Trend by Market. Regional unit sales are down but average sale prices are up! With 3.5 months of supply in Niagara + Dunnville, and 2.6 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a seller’s market.
St Catharines average sale price rose 11.3% and unit sales fell 23.0%.
Niagara on the Lake saw a 60.0% drop in unit sales, and a 33.5% drop in average sale price.
Niagara Falls’ average sale price increased 5.7% and unit sales fell 13.7%.
Fort Erie had a 8.3% decrease in unit sales, and a 0.7% decrease in average sale price.
Thorold had a 33.3% decrease in unit sales over last year, and a 16.6% increase in average sale price.
Pelham’s average sale price increased 62.7%, and unit sales decreased 26.7%.
Welland also saw a decrease in unit sales at -40.0%, and an average sale price increase of 8.6%.
Port Colborne’s average sale price rose 2.2% over last year, and unit sales fell 26.3%.
Lincoln saw an increase in average sale price at 24.1% and a decrease in unit sales at -17.9%.
West Lincoln had an increase in both unit sales and average sale price, at 14.3% and 19.1% respectively.
Grimsby’s unit sales stayed steady at 0.0%, but average sale price rose slightly at 1.3%.
Dunnville had a decrease in unit sales at -42.1%, but average sale price rose 15.0%.
Hamilton’s average sale price rose 12.9%, but unit sales dropped 26.2%.
Ancaster unit sales fell 45.1%, and average sale price fell 9.6% over last year.
Stoney Creek’s unit sales dropped 25.4% but average sale price rose 1.7%.
This article was first published on https://nrcrealty.ca.