Things continue to look promising for real estate in the area with prices generally trending upward and sales increasing.
The Niagara Association of REALTORS® (NAR) reported 729 property sales processed through the NAR Multiple Listing Service (MLS®) system in April. This represents a 16.3% increase in sales over April of last year.
The residential average sale price of $278, 689 was 11.4% higher than last April. The average days on market decreased from 60 to 50 in the residential freehold market, and decreased from 84 to 76 in the condominium market.
Check out the chart below for residential market activity in select areas in NAR’s jurisdiction.
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