February 8th, 2018, Niagara – The Niagara Association of REALTORS® (NAR) reported 371 property sales processed through the NAR Multiple Listing Service (MLS®) system in January. This represents a 26.53% decrease in sales compared to January of last year.
The residential average sale price of $371,359 was 10.17% higher than last January. The average days on market increased from 36 to 46 in the residential freehold market and increased from 44 to 54 in the condominium market.
“Through the first month of 2018 it’s nice to see the average sale price of residential properties in Niagara holding strong while increasing by 10%,” said Randy Mulder, President of the Niagara Association of REALTORS®.
Please refer to the accompanying chart for residential market activity in select areas in NAR’s jurisdiction.