Niagara Association of REALTORS® November Market Report

December 9, 2014, Niagara – The Niagara Association of REALTORS® (NAR) reported 527 property sales processed through the NAR Multiple Listing Service (MLS®) system in November. This represents an increase of 24% in sales over November of last year.

 
The residential average sale price of $256,267 was 9.3% higher than last November. The average days on market decreased from 68 to 61 in the residential freehold market, and decreased from 65 to 58 in the condominium market.

 
Please refer to the accompanying charts for residential market activity in select areas in NAR’s jurisdiction.
Screen Shot 2014-12-09 at 10.09.29 AM

November 2014 Stats

The Niagara Association of REALTORS® (NAR) was established in 2002 after an amalgamation of three area boards including the St. Catharines District Real Estate Board, the Niagara Falls-Fort Erie Real Estate Board and the Welland District Real Estate Board. NAR represents more than 965 real estate brokers and sales representatives in Niagara. Members of the association November use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict code of ethics. The association operates the local MLS® in partnership with surrounding local associations in Southern Ontario. In addition, NAR supports several local, shelter-based organizations including Habitat for Humanity Niagara.
Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at http://www.REALTOR.ca. More information about NAR is available at http://www.NiagaraRealtor.ca.



Categories: Real Estate Industry, Real Estate Market Update

Tags: , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: