A hot topic of conversation continues to be market conditions.

PSA make sure you are taking your news from qualified sources and that you are
TALKING to qualified pros about your decisions.

The opener from the “TheStandard edition on May 7th, 2024 stirred up some
conversation and we want to hear from you if you have some thoughts or questions
on our #local Niagara market.

Niagara’s real estate market is trending positively with an impressive increase in
sales and new listings, causing the benchmark price of a home to rise to $644,700
from $633,400. The value of Niagara remains strong, with the region continuing to
maintain its desirability, while several Niagara municipalities, including Fort Erie,
Thorold, Welland, and Port Colborne/Wainfleet, saw prices rise year-over-year. The
highest demand for homes is between entry-level to middle-level, and the region has
around four months’ worth of inventory. It’s worth noting that the housing challenges
in Niagara need to be addressed immediately; otherwise, the government’s goals for
housing targets and anticipated population in Niagara could be a significant concern
for the Niagara market. Furthermore, if the interest rates drop, it could put additional
pressure on the market. Therefore, it’s crucial to streamline the process in Niagara
by reducing red tape and getting more homes built.

To read the full article
https://short.at/atzM