“The trend toward a more balanced market continued in August,” said Carolyn Bones-Poley, CEO, Niagara Association of REALTORS®. “The sales to new listing ratio is approximately 68% in August which is still indicative of a seller’s market but is definitely more balanced than earlier this year,” said Bones-Poley.

“The Niagara real estate market continues to see a seasonal adjustment from the high volumes experienced in the first quarter to a more balanced market heading into the fall,” said Randy Mulder, President of the Niagara Association of REALTORS®.

“The market is ripe for strong sales through autumn, with both buyers and sellers able to achieve their goals, assisted by professional REALTORS®.” Please refer to the accompanying chart for residential market activity in select areas in NAR’s jurisdiction.

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