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Niagara Association of REALTORS® December Market Report January 9th, 2018, Niagara –

 

The Niagara Association of REALTORS® (NAR) reported 403 property sales processed through the NAR Multiple Listing Service (MLS®) system in December. This represents a 14.98% decrease in sales compared to December of last year. The residential average sale price of $386,055 was 21.48% higher than last December. The average days on market increased from 39 to 43 in the residential freehold market and decreased from 73 to 31 in the condominium market. “December wrapped up what was a historical year in Niagara real estate,” said Randy Mulder, President of the Niagara Association of REALTORS®. “Heading into 2018, we have a more normalized market than a year ago, and navigating through this market requires sound advice from a REALTOR®.” Please refer to the accompanying chart for residential market activity in select areas in NAR’s jurisdiction

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