Residential home sales activity recorded through the MLS® for the Niagara Association of REALTORS® (NAR) totalled 602 units in May 2025, compared to 553 in April 2025. In May, the Niagara Association of REALTORS® listed 1907 residential properties compared to 1575 in April 2025. The average days it took to sell a home in May 2025 was 38 days, a 7.3% decrease from April 2025. "May’s numbers reflect a market that is gradually regaining momentum. Buyers are adjusting to current interest rates, and the increase in new listings is giving them more options to consider. With a sales-to-new-listings ratio of 31.5%, Niagara remains in overall buyer’s market territory, making strategic pricing more critical than ever for sellers. The slight drop in average days on market is a positive sign that many sellers are paying attention to price and successfully motivating buyers off the fence. As always, market conditions vary by community and property type, so consulting a REALTOR® who understands the local dynamics is key to navigating today’s real estate landscape. The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price for the Niagara Region was $628,300 in May 2025. This was a 2.2% increase from April 2025. The characteristics of the HPI composite benchmark is a home between the ages of 51 to 99 with three bedrooms and two bathrooms. A full list can be found in the accompanying chart.
