April 7, 2015, Niagara – The Niagara Association of REALTORS® (NAR) reported 603 property sales processed through the NAR Multiple Listing Service (MLS®) system in March. This represents an increase of 14.2% in sales over March of last year.
The residential average sale price of $261,279 was 5.2% higher than last March. The average days on market increased from 59 to 64 in the residential freehold market, and increased from 59 to 67 in the condominium market.
Please refer to the accompanying chart for residential market activity in select areas in NAR’s jurisdiction.
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 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 www.REALTOR.ca. More information about NAR is available at www.NiagaraRealtor.ca.
Categories: Real Estate Market Update