Niagara Real Estate Trends

Housing Market Report for October 2022

In September, the Niagara Association of REALTORS® listed 1177 residential properties compared to 994 in
September 2021. The average days it took to sell a home in September 2022 was 37 days, compared to 22 days in September 2021. See below for Average Time On Market, Average Price for home in Niagara, Number of New Listings in Niagara and Number of House Listings Sold in Niagara.

Niagara Housing Inventory – October 2022

About this Report

FindlayRealEstate.ca real estate market trends gives you an up-to-date look at the Niagara housing market. We’ve made real estate data like average house prices, housing inventory, and days on market readily available to you. The home price data we report is consistently refreshed, with the most recent coverage between September 04 – October 02. The report also includes percentages that represent the year-over-year change from the same period in 2021. Along with all these real estate statistics is a ranking of every city in the Greater Toronto area based on their home sold price, price growth, days on market, and turnover. This way, you get to see the Niagara housing market on a wider scale, and how it compares to other cities in the metro area. This market report was designed to give you new insights on both the Niagara real estate market and the Greater Toronto area so that you have a better idea of where you want to live. In addition to our market report, consider reviewing other MLS® stats, like the MLS® Home Price Index, to get a better perspective of the market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the agent submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you’re seeing is reported in real-time.

Niagara Real Estate Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period’s numbers are considered “pro-rated.”

For More Information About Toronto, Niagara or GTA Real Estate Statistics

If you’re looking for a more in-depth matrix of these statistics, please contact Realtor Sean Findlay

If you are looking to purchase or sell your home contact us using the form below.

Sean Findlay – Professional Realtor | Sales Representative | Digital Marketing SEO Real Estate Specialist

Proudly Buying & Selling Real Estate in Toronto, GTA, Mississauga, Brampton, Milton, Oakville, Burlington, Stoney Creek, Hamilton, Grimsby & Niagara

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Office Phone Number: 905-450-8300 or Toll Free:1-888-450-8301 | Fax: 905-450-6736

Toronto Real Estate Office Located: 181 Queen St East, Brampton, ON, L6W 3A8 ( (by Appointment Only)
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