FEBRUARY 2024 - STATS FOR NIAGARA REGION
Both by(Month vs Month) & (Year vs Year)- Niagara Region.
You will notice (Month vs Month) has INCREASED SLIGHTLY 0.6% in price, however Year vs Year there is a (2.6%) DECREASE in SALE PRICE. UNIT SALES are UP(month over month) by 45.4% & UP(year over year) by 15.6% & New Listings INCREASED by 31.3% (year over year) & INCREASE BY 21.7% (month over month), NEW LISTINGS are still outpacing MONTHLY SALES by over 2-1 Margins.
BANK OF CANADA held rates this week at 5% and still hinting they may start to reduce rate later in the spring. However, banks have made efforts to try to reduce their fixed rates slightly
