Niagara experienced its slowest October for sales in the last 15 years, yet 4 times as many active listings compared to October 2021. With only 1 sale for every 3 homes listed, it’s a clear indication that attempts to soften the market is working.

Sale prices in Niagara however are somewhat holding steady the last few months. Sure, Average price for October dropped approximately 11k, with the list-to-sale ratio on sold homes staying at 97% since july, but not the nosedive that facebook comment sections are suggesting.

Majority of conditional sales in October came with Sale-Of-Property conditions, creating a challenging domino effect in market activity. Buyers with little-to-no strings can reap massive rewards in negotiations. With talks of interest rates at their peak, and the possibility of fixed-rates dropping in the near future, Christmas could be early for prepared buyers looking to make the deal of the year!