RESIDENTIAL HOUSING STATS FOR OCTOBER 2024
Sorry for the delay in the updates. Lots going on with the changeover to new system and our Boards all amalgamating
Hi Everyone, Well the US election behind us, another interest rate cut and now only 1 month to Christmas. Can you believe it.
Here is the lastest OCTOBER 2024 STATS for the NIAGARA REGION. Both by Month vs Month (September 2024 vs October 2024) & Year vs Year (October 2023 vs October 2024).
UNIT SALES
In the reports below, you will notice that UNIT SALES (October 2024 vs September 2024) Unit sales INCREASED by 10.5% in UNIT SALES.
(September 2024 vs September 2023) there was an 43% INCREASE in UNIT SALES the year prior. Maybe this could have been a result of the small rate decreases
SALE PRICES
You will see that the SALE PRICES (September2024 vs October 2024) there was small decrease by (-.02%) in AVERAGE PRICE & remained at $640,000 however SALE PRICES (October r2023 vs October 2024) there was another drop (.4%) DECLINED in SALE PRICES from the prior year.
NEW LISTINGS
You see that the NEW LISTINGS (September 2024 vs October 2024) there was a DECREASE in listings by (12.6%) and NEW LISTINGS (OCTOBER 2023 vs OCTOBER 2024) increased by 5.6% year over year.
The Bank of Canada meets again on DECEMBER 11TH, and there was hope that there would be another HALF POINT DECREASE.
