October 2017 Regional Residential Statistics

Check out this October’s Regional Residential Statistics, RLP Market Update, and Monthly Trend By Market. Regional sales are down 12.8%, but average sales prices across the region have increased 22.8%. With 2.2 months of supply, we are heading back into a balanced market.

     St Catharines’ average sale price rose to 23.9% year-to-date, and total unit sales fell 7.8%
     Niagara-on-the-lake saw a -18% decrease in unit sales, but a 30.9% increase in average sale price.
     Niagara Falls unit sales decreased 22.7%, but overall sales price increased 15.9%
     Thorold has a -6.9% decrease in unit sales, and a 27.1% increase in average sale price.
     Fort Erie, Pelham, and Port Colborne each saw year-to-date decrease in their total unit sales, but 22%+ increase in average sale price.
     Welland’s unit sales decreased 6% over last year, and their average sale price went up 24.6%
     Lincoln’s unit sales increased 4.2% year-to-date, and average sale price rose 19.4%.
     West Lincoln saw a slight decrease over last year, at -7.2% unit sales over last year, though the average sale price soar 27.5% year-to-date.
     Grimsby saw a decrease of 17.1 in their total unit sales, but an increase of 27.2% in average sale price year-to-date.
     Dunnville’s average sale price increased 28.1% over last year, and slightly increased 0.5% in unit sales