Spring Market has brought an increase in both Unit Sales and Average Sale Price.

Unit Sales and Average Sale Prices still increasing in Niagara, Hamilton, and surrounding areas.

The Niagara Region had a total of 7% increase in unit sales, and an 8% increase in average sale price YTD for the month of May. Compared to last year, there was an 8% increase in listings in the region. Residential properties averaged 40 days on market and $325/sqft. With only 3 months of supply left, we are heading into a busy seller’s market!

Hamilton, Ancaster and Stoney Creek had a total of 11% increase in unit sales, and a 5% increase in average sale price YTD for the month of May. Compared to last year, there was a 6% increase in listings in the area. Residential properties averaged 31 days on market and $361/sqft. With only 2 months of supply left, we are heading into a busy seller’s market!

Market Breakdown

Niagara-on-the-Lake
Unit Sales: up 23%
Average Sale Price: up 15%

Niagara Falls
Unit Sales: down 8%
Average Sale Price: up 13%

Fort Erie
Unit Sales: up 7%
Average Sale Price: up 2%

St. Catharines
Unit Sales: up 5%
Average Sale Price: up 8%

Thorold
Unit Sales: up 25%
Average Sale Price: up 17%

Pelham
Unit Sales: up 33%
Average Sale Price: stayed the same

Welland
Unit Sales: up 23%
Average Sale Price: up 10%

Port Colborne
Unit Sales: up 1%
Average Sale Price: down 9%

Lincoln
Unit Sales: up 2%
Average Sale Price: up 3%

West Lincoln
Unit Sales: up 6%
Average Sale Price: up 20%

Grimsby
Unit Sales: up 15%
Average Sale Price: up 3%

Dunnville
Unit Sales: up 12%
Average Sale Price: down 4%

Hamilton
Unit Sales: up 9%
Average Sale Price: up 6%

Ancaster
Unit Sales: up 4%
Average Sale Price: stayed the same

Stoney Creek
Unit Sales: up 23%
Average Sale Price: up 4%

May Residential Stats Reports

Click below to access our May Statistics Reports:

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