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May 2019 Residential Statistics

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