The New Street January 2021 Niagara Region Real Estate Report //
Prices //
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The average price of a home in the Niagara region was $605,893 in Jan. 2021.
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This figure was up by approx 11% from last month (Dec. 2020).
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From last year Jan. 2020, the average price is up by approx 38%.
Sales Activity //
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There was a total of 553 sales in Jan. 2021.
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In comparison to last month (Dec. 2020), sales were down by approx 8% as we approach the winter months.
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From the previous year - Jan. 2020, sales are up by approx 14%.
Market //
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It took 8 days to sell a home on average in Jan. 2021, this is down by approx 48% from last month (Dec. 2020) and down approx 73% from last year Jan. 2020.
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There is currently less than 1 month of supply on the market which is up by approx 11% from last month (Dec. 2020) and down by approx 67% from last year Jan. 2020.
Analysis //
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Homes in the Niagara region sold in 8 days on the market on average, which is down by approx 11% from last month (Dec. 2020) and down by approx 67% from last year Jan. 2020 as the market shows positive signals.