Niagara Association of REALTORS® November Market Report December 11th, 2017, Niagara –
The Niagara Association of REALTORS® (NAR) reported 584 property sales processed through the NAR Multiple Listing Service (MLS®) system in November. This represents a 16.93% decrease in sales compared to November of last year. The residential average sale price of $385,360 was 13.92% higher than last November. The average days on market increased from 36 to 40 in the residential freehold market and decreased from 56 to 36 in the condominium market. “November saw days on market increase marginally,” said Carolyn Bones-Poley, CEO, Niagara Association of REALTORS®. “At the same time average sale price continues to rise. This is an excellent time to discuss new mortgage guidelines on the horizon with a REALTOR® and how they may impact your real estate purchase,” said Bones-Poley. “November’s statistics show that the Niagara Real Estate Market continues to offer great opportunity for both buyers and sellers,” said Randy Mulder, President of the Niagara Association of REALTORS®. “We continue to encourage you to call your REALTOR® for all of your Real Estate needs.” Please refer to the accompanying chart for residential market activity in select areas in NAR’s jurisdiction.