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May 2021 v May 2022

Not that the Real Estate Market hasn't been a steady hot topic, but we feel it's safe to say there's been an infusion of interest once again. Several talking points we'd love to elaborate on; New listings in May 2022 DOUBLED what it was in 2020, Supply is higher than it has been in years, Buyer demand has slowed, and the average price for the Niagara Region is up 25.6% compared to May last year. 

It's critical to know the true dynamics driving the data; that's where a trusted Real Estate Professional comes into the equation. Connect with us- Coincidentally, Market Chats are our absolute favourite!

Niagara Region

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# Of New Listings

1598 (+20.2%)

# Of Sales

636 (-46.3%)

Avg. Sale Price

$842,789(+25.6%)

Days on Market

19(2 days FASTER)

St. Catharines


# Of New Listings

388 (+17.2%)

# Of Sales

185 (-26.3%)

Avg. Sale Price

$716,483 (+13.1%)

Days on Market

15 (3 days slower)

Niagara Falls


# Of New Listings

305 (+15.1%)

# Of Sales

122 (-36.8%)

Avg. Sale Price

$776,246 (+22.1%)

Days on Market

20 (4 days slower)

Niagara On The Lake


# Of New Listings

69 (+3%)

# Of Sales

28 (-40.4%)

Avg. Sale Price

$1,464,086(+33.2)

Days on Market

25 (8 days faster )

Thorold


# Of New Listings

90 (-23.2%)

# Of Sales

26 (-60.6%)

Avg. Sale Price

$779,573(+30.4%)

Days on Market

17 (2 days slower)

Welland


# Of New Listings

180 (+37.7%)

# Of Sales

79 (-36.3%)

Avg. Sale Price

$682,988 (+13.3%)

Days on Market

22 (9 days slower)

Fonthill|Pelham


# Of New Listings

69 (+76.9%)

# Of Sales

29 (-40.5%)

Avg. Sale Price

$1,136,207 +7.8%

Days on Market

17(5 days slower)

Lincoln (Jordan | Vineland | Beamsville)


# Of New Listings

88 (+15.8%)

# Of Sales

40 (-27.2%)

Avg. Sale Price

$1,079,288

(+34.2%)

Days on Market

17(10 days slower)

Fort Erie


# Of New Listings

168 (+3.7%)

# Of Sales

37 (-64.1%)

Avg. Sale Price

$752,995 (+17.3%)

Days on Market

30 (14 days slower)

Port Colborne|Wainfleet


# Of New Listings

78 (+5.4%)

# Of Sales

30 (-50%)

Avg. Sale Price

$771,576 (+22.2%)

Days on Market

13 no change

Grimsby


# Of New Listings

115 (+40.2%)

# Of Sales

63 (-16%)

Avg. Sale Price

$1,114,941(+31.8%)

Days on Market

19 (9 days slower)

My head hurts

We know it's a lot of data to process in a quick read. Please, don't hesitate to reach out and we can talk about it.

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