After an unprecedented January, everyone is keeping a close eye on activity as we truck on in the year and wait to see what the near future holds for Niagara Real Estate.
In February, although the demand was still higher than the supply, we saw an increase in the number of sales in several municipalities. St. Catharines showed a DECREASE in the number of sales in January, but it showed an INCREASE in February.
AS A BUYER, you will likely still see competition on properties; however the market does seem to be shifting. Inventory is steadily growing across Niagara, and NOT ALL properties are receiving the competition or even the offer price that they are expecting. There are opportunities to be had for buyers who practice patience, diligence, and preparation to strike when it’s hot!
AS A SELLER, if your last Home Valuation was completed anytime before Summer 2021, it’s worth having another conversation to find out your homeās current value. There could be equity to tap into since prices have continued to rise. Since 2016, most real estate assets have increased 70% to 120% in Niagara!
If you are interested in learning what your home is worth, reach out to Portfolio Realty Group. We would love to provide you with a complimentary home evaluation.
