Prices are up, days on the market are down in general as the latest real estate statistics are revealed in Niagara. The Niagara Association of REALTORS® (NAR) reported 717 property sales processed through the NAR Multiple Listing Service (MLS®) system in September. This represents a 19.5 % increase in sales over September of last year. The residential average sale price of $278,721 was 9.4% higher than last September. The average days on market decreased from 63 to 55 in the residential freehold market, and increased from 67 to 80 in the condominium market. Here is a chart the outlines the details!
Good news for homeowners indeed…but will the trend continue?
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