Both by(Month vs Month) & (Year vs Year)- Niagara Region.
You will notice (Month vs Month) has DECREASED (2.9%) in price, however Year vs Year there is a (2%) DECREASE in SALE PRICE. UNIT SALES are DOWN (month over month) by (26.1%) & DOWN (year over year) by (5.5%) & New Listings DECREASED by (15.5%) (year over year) & DOWN 65.9%) (month over month), NEW LISTINGS are still outpacing MONTHLY SALES. With both the Canadian & U.S markets communicating they are putting a temporary hold on increasing rates and may start reversing rates in early spring, we have started to see some bank rates coming down. As a result, it may be a good indication for buyers and we may start seeing some of them move off the sidelines.
