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Market Update - May 2025

Market Update - May 2025

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.

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.