March 2018 Regional Residential Statistics

 

Check out this March’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 3.1 months of supply in Niagara + Dunnville, and 2.4 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a Seller’s Market.

 

St Catharines average sale price rose 7.5% and unit sales fell 22.4%.

Niagara on the Lake saw a 54.2% drop in unit sales, but a 2.2% increase in average sale price.

Niagara Falls’ average sale price increased 3.3% and unit sales fell 25.9%.

Fort Erie had a 35.0% decrease in unit sales, and a 7.4% increase in average sale price.

Thorold had a 39.7% decrease in unit sales over last year, and a 7.5% decrease in average sale price.

Pelham’s average sale price increased 13.2% and unit sales decreased 49.4%.

Welland also saw a decrease in unit sales at -25.6%, and an average sale price increase of 12.7%.

Port Colborne’s average sale price increase to 30.7% over last year, and unit sales fell 28.3%.

Lincoln saw an decrease in unit sales at -32.0% and an increase of 1.4% in average sale price.

West Lincoln has an 8.0% decrease in average sale price, and unit sales dropped 11.9%

Grimsby had an decrease in average sale price at -7.3% and unit sales stayed the same.

Dunnville had a decrease in unit sales at -38.4%, but average sale price rose 26.7%.

Hamilton’s average sale price rose 1.0%, but unit sales dropped 36.1%.

Ancaster unit sales decreased 29.0%, and average sale price decreased 5.9% over last year.

Stoney Creek’s unit sales and average sale price dropped, unit sales down 28.4% average sale price up 8.7%.

 

Monthly Trend by Market MARCH 2018       Residential Market Stats – MARCH 2018

This article was first published on https://nrcrealty.ca.