Niagara Real Estate Market Stats
Residential home sales activity recorded through the MLS® for the Niagara Association of REALTORS® (NAR) totaled 565 units in May 2026, compared to 627 in May 2025. In May , the Niagara Association of REALTORS® listed 1574 residential properties compared to 1925 in May 2025. The average days it took to sell a home in May 2026 was 41 days, a 5.1 % increase from May 2025.
| Municipality | New Listings | Sales | Benchmark Price | Avg Days on Market | ||||
|---|---|---|---|---|---|---|---|---|
| May 2026 | May 2025 | May 2026 | May 2025 | May 2026 | May 2025 | May 2026 | May 2025 | |
| Fort Erie | 156 | 182 | 55 | 59 | $492,200 | $545,900 | 52 | 57 |
| Grimsby | 100 | 142 | 32 | 34 | $679,500 | $723,300 | 29 | 32 |
| Lincoln | 94 | 106 | 32 | 39 | $671,900 | $747,900 | 35 | 37 |
| Niagara Falls | 280 | 352 | 85 | 93 | $562,900 | $609,100 | 40 | 38 |
| Niagara-on-the-Lake | 109 | 122 | 40 | 31 | $861,300 | $945,000 | 52 | 36 |
| Pelham | 63 | 82 | 24 | 23 | $765,200 | $846,800 | 38 | 36 |
| Port Colborne/Wainfleet | 92 | 113 | 29 | 38 | $474,100 | $527,300 | 40 | 62 |
| St. Catharines | 384 | 403 | 162 | 182 | $527,500 | $557,500 | 36 | 26 |
| Thorold | 102 | 153 | 28 | 40 | $578,200 | $653,700 | 46 | 30 |
| Welland | 176 | 244 | 64 | 77 | $503,200 | $563,400 | 38 | 40 |
| West Lincoln | 18 | 26 | 14 | 11 | $680,900 | $749,400 | 47 | 30 |
| Niagara Totals | 1,574 | 1,925 | 565 | 627 | $575,300 | $625,500 | 41 | 39 |
“With Niagara’s sales-to-listings ratio for May landing at 36%, our regional market is staying firmly planted in a buyer’s market”
The Residential Market Report includes listings for both Residential Freehold and Residential Condo & Other property types. (Excluding multifamily, land or farm properties.)
Source: May 2026 Market Release & Stats, Niagara Association of REALTORS®. Figures are transcribed verbatim from the official monthly report and are updated automatically as each new report is released.
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The Davids & DeLaat team’s ongoing read on the Niagara real estate market — inventory, sales activity, and what the numbers mean for buyers and sellers.
February offered an interesting look at how the Niagara real estate market is positioning itself ahead of the spring season. While the raw numbers show lighter activity compared to last year, the broader story suggests a market that may be quietly stabilizing as we move toward the busiest time of the year.
As we begin 2026, January gives us something valuable: perspective. Unlike mid-year reports, January allows us to compare year-over-year performance directly. When we look at the numbers side by side, the story is clear — but it’s also more nuanced than headlines might suggest.
As we step into 2026, it’s important to acknowledge where the Niagara real estate market has just been — and why this year feels different. 2025 was, by nearly every measure, one of the most difficult years our market has experienced. Record-breaking inventory levels collided with historically low demand, creating a prolonged imbalance that defined the year from start to finish.
As we close the books on 2025, one thing is clear: this was one of the most challenging years the Niagara real estate market has ever experienced.
The story of September and October 2025 is clear: Niagara is still in a deep correction, and this fall has made the gap between inventory and demand even more pronounced.
After a quiet start to the season, summer brought a mix of activity and caution across Niagara’s real estate market.
If May felt like a turning point, June hit the brakes. Across Niagara, we’re now seeing over 3,400 active listings—the highest inventory level we’ve seen in years. And it’s not just us. Markets across Ontario are seeing the same trend: too many listings, not enough buyers. The result? A market that’s saturated and hesitant.
Let’s just say it: May was a month of mixed signals. On the surface, we saw what looked like a promising spring market—lower interest rates and warmer weather—but the expected boost in activity never materialized. Instead, we saw an influx of listings with a noticeable lack of buyer demand. The result? A market that feels… stuck.
Well, we’re glad to have April in the rearview mirror. It wasn’t a strong month for real estate across the region. A mix of political uncertainty, economic hesitation, and poor weather conditions kept both buyers and sellers on the sidelines, resulting in a significant slowdown in activity.
As spring unfolds, we’ve seen a predictable increase in housing inventory. Homeowners who achieved sales last year are re-entering the market, and we’re encountering new listings from those facing financial pressures. By mid-April, inventory levels significantly rose.
Looking back, 2023 presented its challenges, notably marking the lowest sales figures since the start of my career in real estate back in 2002. However, as we venture into March, there’s a tangible sense of optimism in the air. Encouraging developments in interest rates and market activities are signalling a more promising year ahead for us all.
The Bank of Canada’s recent announcement to hold interest rates steady, with a potential decrease later in the year, has injected a dose of positivity into the market. This decision is critical as it sets the tone for economic activities, including real estate transactions, and influences buyer and seller confidence.
Throughout the year, we’ve noticed a pattern similar to the previous year, particularly influenced by interest rates. The mid-year interest rates had a noticeable downward push on the market, leading us to what we consider the bottom. However, in the real estate cycle, hitting the bottom usually suggests an upcoming rise, which is what we’re anticipating for 2024.
The current climate, marked by high borrowing costs and economic uncertainty, has led to a noticeable slowdown in house sales. Many sellers opt to delay their plans, looking towards next year as a more opportune time to sell. However, it’s important to note that the Niagara region is experiencing its highest number of listings since the fall of 2014, with approximately 2,800 properties on the market.
It is a buyers market, buyers take advantage of the next few months because this is here now and will be gone by next year. Sellers, be patient, you time is coming again, and we’ll keep you updated!
Our market is still grappling with the consequences of the June and July rate hikes, driving market activity downwards. Additionally, there’s speculation about another rate increase by the end of October.
The average sale price in Niagara reached $715,000 by April, experienced a minor dip in May, then recovered slightly in June to $712,000. As we moved into August, this number decreased to $680,000, a clear indication of how the rising interest rates have weighed on the market.
Right now, in July/August I have to remind sellers, please don’t go to the MLS to price your house. Buyers have more information at their fingertips through the MLS, through the photos, videos, and apps that let them know what your house has sold for. So if you’re trying to stretch the market, you’re not pulling the wool over the buyers eyes.
Demand is picking up and prices are increasing in the GTA due to lack of supply. This is something I’ve been discussing for the past little bit because here in Niagara, what you need to know and understand is this is most likely coming our way. We are starting to experience that in certain price ranges and in certain locations in our region, as supply is now low and demand is high.
Demand is picking up and prices are increasing in the GTA due to lack of supply. This is something I’ve been discussing for the past little bit because here in Niagara, what you need to know and understand is this is most likely coming our way. We are starting to experience that in certain price ranges and in certain locations in our region, as supply is now low and demand is high.
Greetings from the Davids and DeLaat team! The spring season is upon us, bringing along renewed energy and the perfect time for potential buyers and sellers to make their moves in the Niagara real estate market.
Greetings and warm wishes. As the season of blooming flowers and new beginnings dawns upon us, sellers may find themselves busily preparing their houses for the spring market, which typically witnesses a peak in demand. On the other hand, prospective buyers will likely be scouring the internet and perusing various properties.
What a February we’ve had! It almost seems like spring is in the air, but I cautiously remind you that it still is February. Although properties are starting to move, we are noticing that demand from out-of-town buyers is starting to slowly enter our Niagara market.
So here we are today in January 2023, and the average sale price is $584,000. What that says is December appears to be the bottom of the market.
2022 is in the books and it was one for the ages with what we experienced. Through January, February, and March we saw the most epic of highs in our real estate market with record-breaking sale prices. Then, we experienced interest rate hikes, slowing the market and compressing prices.
I have good news for everybody, we are now approaching what could be considered a normal real estate market. This means houses may linger on the market, so the overall days on market for homes has increased, but the prices do seem to be stabilizing and balancing.
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