The New Street November 2020 Niagara Region Real Estate Report //
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Prices //
- The average price of a home in the Niagara region was $525,000
- This figure was up by approx 3% from last month (October 2020)
- From last year, the average price is up by 26%?
Sales Activity //
- There was a total of 751 sales in November 2020.
- From the previous year - Nov. 2019, sales are up by approx 21%.
- In comparison to last month, sales were down by 22% as we approach the winter months.
Market //
- It took 14 days to sell a home on average in November, this is up by 8% from last month and down 48% from last year.
- There is currently 1 month of supply on the market which is down by 2% from last month and down by 57% from last year.
Analysis //
- Homes in the Niagara region sold in 14 days on the market on average, which is up by 8% from last month and down 48% from last year as the market shows positive signals.