Spring Market Still Booming In Niagara! 


The Spring Market is Still Alive and Well in Niagara!

The real estate market for the month of June was steady with sales exceeding last June by more than 9%. Year to date the market is up 2% overall with Port Colborne showing a 33% increase.

The year to date average of a single family home in the region now stands at $250,217 up 5.5% over last year. Inventory levels in St. Catharines are less than 3 months which is low for this time of year. Grimsby & Stoney Creek inventory levels are less than 2 months.

Based on a sales-to-new listings ratio of between 40 and 71%, most of the local markets were in balanced territory. However, for the month of June the ratios were much higher indicating a slide into a seller's market.RLP-Market-Update-Board-June-4000

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