{"id":62713,"date":"2023-11-10T02:35:00","date_gmt":"2023-11-10T07:35:00","guid":{"rendered":"https:\/\/sellsniagara.com\/?p=62713"},"modified":"2023-11-08T14:38:50","modified_gmt":"2023-11-08T19:38:50","slug":"market-update-october-2023","status":"publish","type":"post","link":"https:\/\/sellsniagara.com\/market-update-october-2023\/","title":{"rendered":"MARKET UPDATE: OCTOBER 2023"},"content":{"rendered":"\n<p>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&#8217;s a clear indication that attempts to soften the market is working.<br><br>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.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"\ud83d\udd34 Niagara October Market Report - Portfolio Realty Group - Re\/Max Niagara\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/cB4cW2oQAI0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>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!<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s a clear indication that attempts to soften the market is working. Sale prices in Niagara however are somewhat holding steady the last [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":62714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,17],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MARKET UPDATE: OCTOBER 2023 - Portfolio Realty Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sellsniagara.com\/market-update-october-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MARKET UPDATE: OCTOBER 2023 - Portfolio Realty Group\" \/>\n<meta property=\"og:description\" content=\"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&#8217;s a clear indication that attempts to soften the market is working. 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