Niagara Real Estate Market Stats

Have a look at the stats for June 2023 in the Niagara Region.

The Niagara Region Real Estate Market: First 6 Months of 2023
The Niagara Region real estate market has shown a slow down in sales compared to 2022 for the first half of 2023. The market saw a decrease in both residential and commercial property sales, but there has been a surge in demand for waterfront properties and vacation homes. The rising interest rates have put a bit of damper with buyers getting into the market. Despite initial concerns over the effects of the pandemic, the market has proven to be resilient and has experienced steady price appreciation but we are still seeing a lack of inventory. Sellers have benefited from favourable conditions with multiple offers and higher prices, while buyers have faced increased competition and the need for quick decision-making. As we move forward into the rest of 2023, the Niagara Region real estate market looks poised the same conditions as the first 6 months.