As the crisp fall air rolls into Niagara, the real estate market is also experiencing its seasonal shift. While the spring and summer months often see homes flying off the market, fall typically brings a slower pace—but this year’s market still holds plenty of opportunities for buyers and sellers alike.

Longer Days on Market, But Buyer Interest Remains
One of the key trends this fall is that homes are staying on the market a little longer than during the busier months. In Niagara, the average days on market have been stretching out, giving buyers more time to consider their options. This can be great news for buyers who want to take their time, but it also means sellers need to ensure their homes are priced right and presented well to stand out from the competition.

That said, the extended time on market doesn’t mean buyer interest is fading. In fact, buyers are still actively looking for the perfect home—they’re just taking a more measured approach, especially as the year winds down. If you’re selling, patience is key, and making sure your home is ready to impress is more important than ever.

Sellers: Focus on Pricing and Presentation
If you’re a seller in this fall market, it’s crucial to strike the right balance between competitive pricing and standout presentation. With buyers taking their time and having more options to choose from, pricing your home correctly from the start is one of the best ways to attract serious offers.

Additionally, ensuring your home is in top shape for showings—both inside and out—can make all the difference. This season, curb appeal and cozy, welcoming interiors are what will make your home unforgettable to potential buyers.

Final Thoughts
As we settle into the fall season, the Niagara real estate market is transitioning into a more balanced space. Buyers and sellers alike should prepare for a more relaxed pace but remain ready to act when the right opportunity comes along. If you’re thinking about making a move, let’s chat—we’re here to help you navigate this evolving market with confidence and clarity.

Autumn is a beautiful time in the Niagara Region—the leaves are changing, the weather is cooling, and it’s a season full of cosy vibes. But is it a good time to sell your home? 🍂 Absolutely! Selling in the autumn has its perks, and with a little preparation, your home can shine in the market. Let’s dive into what you should know when listing your home this autumn.

Is Autumn a Good Time to Sell My Home?
Yes, autumn can be a fantastic time to sell your home! 🍁 While spring and summer are often seen as peak selling seasons, autumn brings out serious buyers who are motivated to close before the year ends. Plus, your home can look stunning with the autumn colours and a warm, inviting atmosphere. With the market stabilising to pre-pandemic levels, now is the time to take advantage of the balanced conditions. Think of autumn as the ‘Goldilocks’ season—not too hot, not too cold, but just right for the right buyers!

What Should I Do to Prepare My Home for Autumn Showings?
First impressions matter, especially in the autumn! 🍃 Kerb appeal is key, so make sure your yard is tidy, leaves are raked, and seasonal flowers or décor give a welcoming touch. Inside, keep things cosy—think warm lighting, autumn-scented candles, and a touch of seasonal décor like plush throws or a bowl of fresh apples on the counter. Buyers are looking for that ‘homely’ feel, and small touches can make a big impact.

How Long Will It Take to Sell My Home in the Autumn?
Historically, the average days to sell in Niagara during the autumn have varied. In 2019, it took around 42 days, while 2020 and 2021 saw faster sales at about 27 and 19 days respectively, thanks to hot market conditions. Recently, we’ve seen a return to more balanced conditions, with homes taking around 39 to 43 days to sell. ⏳ This trend suggests that the autumn market is levelling out, with a predicted average of about 38 to 43 days this year. So, while it might take a bit longer than during the peak pandemic years, a well-prepared and well-priced home will still attract the right buyers.

How Will the Approaching Winter Affect My Sale?
As we edge closer to winter, fewer buyers may be out shopping, and those who are will likely be more serious about closing a deal. ❄️ Be prepared for potential negotiations, and keep in mind that a little flexibility can go a long way. With the days getting shorter, make sure your home is well-lit and inviting, even during evening viewings. The key is to maintain that cosy, welcoming atmosphere that makes buyers want to call your home their own.

Other Frequently Asked Questions
Wondering about pricing, market conditions, or whether you should make repairs before listing? 🤔 These are great questions, and we’d love to help you answer them! When you’re ready, give us a call to set up a time for us to visit your home. We’ll walk through all your questions, provide tailored advice, and help you feel confident in your next steps. Let’s make this journey together—one that leads you to a successful sale this autumn! 🏡✨

The autumn market in Niagara is full of opportunities, and with the right preparation and strategy, your home can stand out beautifully. Whether it’s setting the perfect price, staging your home for cosy autumn viewings, or navigating offers, we’re here to provide expert guidance every step of the way. Ready to get started? Contact Us Today and let’s unlock your home’s full potential this autumn! 🍂🔑

The Niagara real estate market is a dynamic landscape, constantly evolving with new trends and opportunities. Whether you’re thinking about buying, selling, or simply staying informed, understanding the current market conditions is key to making smart decisions. Here’s a look at what’s been happening in Niagara this week.

A Steady Market with Opportunities:
This week, we’re seeing steady home prices across Niagara, reflecting a balanced market that offers opportunities for both buyers and sellers. For buyers, this stability means fewer surprises and more predictability when making offers. For sellers, it’s a sign that the market remains strong, with well-priced homes continuing to attract interest.

An Uptick in Inventory:
Interestingly, there’s been a slight increase in the number of new listings, giving buyers more choices as they navigate the market. While inventory is still relatively tight, this increase is a positive sign for those looking to buy, providing a bit more breathing room in what’s been a competitive environment.

Buyer Demand Remains Strong:
Despite the uptick in inventory, buyer demand continues to be robust, particularly in sought-after neighbourhoods. Homes that are well-maintained and priced right are still moving quickly, reflecting the ongoing interest in Niagara as a desirable place to live.

Conclusion:
The Niagara market continues to offer a mix of stability and opportunity, making it an exciting time to be involved in real estate. Whether you’re looking to make a move or simply stay informed, keeping an eye on these trends will help you navigate the market with confidence. 

The July 2024 real estate market in the Niagara Region shows a continued shift in dynamics, reflecting a cautious approach from buyers and a slightly cooling market. Here's a breakdown of the key stats and what they mean for you.

Sales Activity

In July 2024, the Niagara Association of REALTORS® recorded 503 residential home sales, a slight decrease from 522 in July 2023. This decline reflects a more selective buyer pool, who are taking their time to make decisions amidst changing economic conditions.

New Listings

There were 1,345 new residential properties listed in July 2024, up from 1,280 in July 2023. This increase in inventory gives buyers more options, but it also means that sellers need to be more competitive with pricing and property presentation.

Home Price Index (HPI)

The overall MLS® HPI composite benchmark price for the Niagara Region in July 2024 was $646,900, a 3.3% decrease from July 2023. This decline is consistent with the trend of buyers being more cautious and selective, leading to more moderate price growth.

Average Days on Market

One of the more telling statistics is the increase in the average days on market, which rose to 42 days in July 2024, up from 32 days in July 2023. This 31.3% increase indicates that properties are taking longer to sell, a sign that the market is cooling off and buyers are in no rush to make quick decisions.

Area Highlights

• Fort Erie: Despite the broader market cooling, Fort Erie saw a slight increase in the HPI, with a benchmark price of $556,500 in July 2024, up from $542,600 in July 2023. This area remains attractive, particularly for those looking for more affordable options.
• Niagara Falls: The benchmark price in Niagara Falls dropped slightly to $642,400, with homes spending an average of 35 days on the market.
• Welland: With a benchmark price of $553,900 and an average of 33 days on the market, Welland remains a solid option for buyers.

What Does This Mean for You?

For buyers, the increase in inventory and longer days on the market mean more options and potentially better deals. For sellers, it’s important to price competitively and ensure your property stands out in a more crowded market.

Stay informed, and if you’re considering buying or selling, now is a great time to consult with a real estate professional to navigate this evolving market.

As we dive into the latest real estate market statistics for July, it's essential to understand the trends and data shaping the Niagara Region. Here's a comprehensive look at what's happening in the market, what it means for buyers and sellers, and how to navigate these changes.

Market Overview

The Niagara Region currently has six and a half months of inventory, indicating a balanced market where neither buyers nor sellers have a distinct advantage. Fort Erie, in particular, stands out with ten months of inventory, suggesting a shift towards a buyer's market in that area.

Average Sale Price Trends

Across the region, the average sale price has seen a slight dip, down by 2% from previous months. Interestingly, Fort Erie experienced a positive shift, with the average sale price increasing from $625,000 in June to $690,000 in July. This rise can be attributed to the specific buyer pool active during this period rather than a broader market trend.

Sales and Listings

In July, the Niagara Region recorded 500 sales and 1,500 new active listings, contributing to a total of 3,200 active listings for the month. This level of inventory hasn't been seen since around 2011, providing a wealth of options for prospective buyers but also indicating slower sales activity.

Key Takeaways

• Inventory Levels: With increased inventory, buyers have more options, which can lead to longer selling times for sellers.

• Price Adjustments: The slight dip in average sale prices indicates a need for sellers to be competitive and strategic in their pricing.

• Market Activity: Lower sales volume suggests a cooling market, making it crucial for both buyers and sellers to stay informed and agile.

It's essential to interpret these numbers with caution, understanding that they represent broader trends rather than specific predictions for individual properties. Whether you're considering buying or selling, working with knowledgeable real estate professionals can help you navigate these changes effectively.