The Niagara Association of REALTORS® (NAR) reported 725 property sales processed through the NAR Multiple Listing Service (MLS®) system in August. This represents a 19.8% increase in sales over August of last year.
The residential average sale price of $281,085 was 18.3% higher than last August. The average days on market decreased from 61 to 49 in the residential freehold market, and decreased from 81 to 66 in the condominium market.
Please refer to the chart below for residential market activity in select areas in NAR’s jurisdiction.
Categories: Real Estate Market Update