November 2018 Residential Statistics are in! On average, unit sales are down across the Niagara and Hamilton regions, but prices have risen ever-so slightly. With 3.3 months of inventory, we are nearing a balanced market.

St Catharines had a 10.9% decrease in unit sales and a 6.3% increase in average sale price.

Niagara on the Lake, Niagara Falls, Thorold, Pelham, Welland, Port Colborne, Lincoln, West Lincoln, Dunnville, Hamilton, Ancaster and Stoney Creek all had a decrease in unit sales, but increase in average sale price.

Fort Erie and Grimsby saw an increase in both unit sales and average sale price in the month of November.

For detailed statistics, click here -> Residential Market Stats – NOVEMBER 2018 <- to view, and for a month-to-month snapshot of each market, click here -> Monthly Market Trend – NOVEMBER <- .

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