The Niagara Association of REALTORS® (NAR) reported 455 property sales processed through the NAR Multiple
Listing Service (MLS®) system in February. This represents an increase of 1.8% in sales over February of last year.
The residential average sale price of $256,525 was 5.8% higher than last February. The average days on market decreased from 75 to 72 in the residential freehold market, and increased from 81 to 106 in the condominium market.
Please refer to the accompanying chart for residential market activity in select areas in NAR’s jurisdiction.
Categories: Real Estate Market Update