OCTOBER 2023 STATS FOR NIAGARA REGION
Both by(Month vs Month) & (Year vs Year)- Niagara Region.
You will notice (Month vs Month) has SLIGHTLY DECREASED (1.8%) in price, however Year vs Year there is a (1.78%) DECREASE in SALE PRICE. UNIT SALES are UP SLIGHTLY (month over month) by (1.3%) & DOWN (year over year) by (8%) & New Listings INCREASED by 16.3% (year over year) & DOWN (11.6%) (month over month), NEW LISTINGS are still outpacing MONTHLY SALES by a large by almost a ( 3 to 1 margin )heading into NOV & DEC . As a result, it may put more pressure on lower home prices here in Niagara. Great time if you are a potential buyer to get into the market. Lastly, BANK OF CANADA meet again on DECEMBER 6TH and land it is anticipated they will hold rates.
