It’s the return of consumer confidence in the month of April as The Niagara Region experienced a 2% increase in benchmark price. 

Supply and demand is playing it’s role this spring. There were 6.9% less new listings in April compared to March, yet the amount of sales remained the same. Over the Easter weekend, we saw a large amount of stagnant listings flip their signs to SOLD, and that momentum continued for the remainder of the month.

Homes priced to get attention from buyers sell quickly and aggressively, with multiple offers, favourable conditions, and sale prices that make sellers bloom.

Average days on market dropped 10 days to 31, with homes in St Catharines, Thorold and West Lincoln selling the fastest. Fort Erie seems to be the slowest market, with homes taking 50 days on average to sell.

The buyers are there and they want to buy, as indicated by the decrease in the average days on the market, increase in price in one month, and the same amount of sales with less listings available.

If you have questions about the Niagara real estate market, reach out to us – we’d be happy to provide you with more details.