March brought us a (last?) blast of winter during the March Break but it didn’t slow down the real estate market! Compared to March of last year, there was a 26% increase in sales in Niagara. The average days on (residential) market decreased from 44 to 27. The residential average sale price of $403,251 was 33% higher than March 2016.
According to the Niagara Association of REALTORS®, 85% of the listed properties sell before the expiry date of the listing. This is due to the supply and demand factor, which in turn has created a ‘seller’s market’.
If you require more information about the real estate market,
feel free to contact us.
We’re local. We’re experienced. We’re here.
We’re the Your Niagara Home Team.
Comments are closed