Another incredible month for home sales in the Niagara Region as transactions continue to surge.
“Historically low interest rates, higher demand and continued lower supply fuelled a 57% increase in the number of sales in Sept. 2020 over Sept 2019, even though the number of new listings in the same period was only 9.6% higher.” Said Terri McCallum, President of the Niagara Association of REALTORS®.
The benchmark price for the Niagara region was $491,100* in September 2020, up by 15.7% compared to September 2019 with 1,156 residential properties listed which is an increase of 9.6% from last year. The average days it took to sell a home in September was 31 days.
Sales by Region Below:
*The characteristics of the HPI (home price index) composite benchmark is a home between the age of 51 to 99 with three bedrooms and two bathrooms. For more details visit the website HERE.
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