July 2018 Residential Statistics

Check out this June’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 3.6 months of supply in Niagara + Dunnville, and 2.8 months of supply in Hamilton, Stoney Creek and Ancaster, we are heading towards a Balanced Market.

St Catharines average sale price rose 7.7% and unit sales fell 17.4%.

Niagara on the Lake saw a 42.8% drop in unit sales, and a -3.8% increase in average sale price.

Niagara Falls’ average sale price rose 0.9% and unit sales fell 19.9%.

Fort Erie had a 12.6% decrease in unit sales, and a 8.8% increase in average sale price.

Thorold had a 36.5% decrease in unit sales over last year, and a 5.3% decrease in average sale price.

Pelham’s average sale price increase 7.0% and unit sales decreased 34.4%.

Welland also saw a decrease in unit sales at 15.0%, and an average sale price increase of 11.9%.

Port Colborne’s average sale price increased 16.5% over last year, and unit sales fell 8.5%.

Lincoln saw an 18.4% decrease in unit sales and an increase of 6.2% in average sale price.

West Lincoln has an 2.4% decrease in average sale price, and unit sales dropped 14.5%

Grimsby had an 5.4% increase in unit sales, and a 5.9% decrease in average sale price.

Dunnville’s unit sales decreased 29.2% and average sale price rose 13.5%.

Hamilton’s average sale price rose 1.3%, and unit sales dropped 25.1%.

Ancaster unit sales decreased 25.7%, and average sale price decreased 1.3% over last year.

Stoney Creek’s unit sales and average sale price dropped, unit sales down 15.4% average sale price decreased 6.1%.

 Residential Market Stats – JULY 2018           Monthly Trend by Market – JULY 2018

This article was first published on https://nrcrealty.ca.