The Niagara Association of REALTORS® (NAR) reported 402 property sales processed through the NAR Multiple Listing Service (MLS®) system in December. This represents an 11.7% increase in sales over December of last year. The residential average sale price of $279,852 was 16.2% higher than last December. The average days on market decreased from 76 to 60 in the residential freehold market and from 87 to 76 in the condominium market.
To further this pro9mising trend, according to the Royal LePage Niagara Real Estate Centre, sale units are up in the region and it is is the best it has been for 20 years.
Taking a look at the numbers plese see the graph below:
Looks like it continues to be a sellers market! What do you think…will the trend continue…are you surprised?
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