March brought us a (last?) blast of winter during the March Break but it didn’t slow down the real estate market! Compared to March of last year, there was a 26% increase in sales in Niagara. The average days on (residential) market decreased from 44 to 27. The residential average sale price of $403,251 was 33% higher than March 2016.
According to the Niagara Association of REALTORS®, 85% of the listed properties sell before the expiry date of the listing. This is due to the supply and demand factor, which in turn has created a ‘seller’s market’.
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feel free to contact us.
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