Residential home sales activity recorded through the MLS® for the Niagara Association of REALTORS® (NAR) totaled 460 units in March 2026, compared to 502 in March 2025.
In March, the Niagara Association of REALTORS® listed 1345 residential properties compared to 1514 in March 2025. The average days it took to sell a home in March 2026 was 48 days, a 4 % decrease from March 2025.
The Niagara real estate market is showing clear signs of a spring awakening, characterized by a significant surge in both inventory and buyer engagement. In March 2026, residential sales jumped 19.2% over the previous month to 460 units. This momentum was met with a robust 43.1% increase in new listings compared to February, providing buyers with 1,345 fresh options to explore. While we remain in a buyer’s market with a sales-to-listings ratio of 34%, the fact that homes are selling in an average of 48 days—a 4% improvement over last year—indicates that well-priced properties are moving fairly quickly. Market stability is being reinforced by broader economic signals and significant provincial support. With the Bank of Canada holding the overnight rate steady for the third consecutive month, we are seeing a newfound level of predictability that is nudging buyers to step off the sidelines. Furthermore, the Ontario’s budget offers substantial relief, notably the removal of the full 13% HST for eligible new homes up to $1 million, which could provide up to $130,000 in direct relief to buyers. When you combine these incentives with the province's aggressive capital plan for infrastructure and community recreation, combined with its mission to reduce development charges, it’s clear that Niagara is positioned for long-term growth. The current HPI benchmark price of $580,800 represents a more sustainable entry point for families, making this an opportune time to consult with a local Niagara REALTOR® to navigate these favorable conditions. As always, obtaining the guidance and support of a local Niagara REALTOR® is the best solution to navigating our ever-changing and sometimes complicated real estate market.
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 $580,800 in March 2026. This was a 6.2% decrease from March 2025.
