Davids & DeLaat Team
Hey Niagara, here’s your June 2025 market update.
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.
Demand Is Down. Way Down.
Sales in June were 27% below the 10-year average—making it the second-lowest June on record. While many had hoped for a stronger market heading into summer, the numbers tell a different story.
Economic uncertainty continues to weigh heavily on buyers. Confidence is low, and the result is a noticeable lack of urgency. Even with more favourable interest rates, many would-be buyers are still on the sidelines.
Sellers, Take Note: Price Expectations Are Off.
The average sale price in Niagara for June came in at $688,000. The average asking price? A staggering $869,000.
That gap speaks volumes. Many homes are simply priced too high for today’s reality. The properties that are priced correctly—and show well—are selling. But the rest are sitting.
Buyers Have the Advantage.
Here’s something important: for those who are pre-approved and ready to buy, this is the most affordable the market has been in three years. Interest rates are lower than they’ve been in recent memory, and home prices have softened across the board. That combination presents a rare window of opportunity.
And Toronto might be giving us a preview of what’s to come. Sales in the city have picked up for three straight months. If that trend continues, Toronto’s shrinking inventory could start pushing demand into surrounding markets like ours.
Not All Markets Are Equal.
Even within Niagara, we’re seeing mixed performance. The North End of St. Catharines is holding steady, while Niagara Falls is flooded with inventory—about half of which are vacant homes. It’s a tale of two cities, and sellers need to understand what’s happening in their specific neighbourhood.
The Bottom Line
June may not have delivered the results sellers hoped for, but there are signs of movement—and opportunity—for those who are realistic and ready. Buyers are acclimating to the new norm. They’re no longer glued to rate announcements. They’re watching prices.
Sellers who are also buying have the most to gain. While they may not get the price they hoped for on their current home, they’re likely getting a great deal on their next one.
As we move through July and August—traditionally slower months—we’ll be watching closely. Between summer vacations and upcoming trade talks, there are a few key factors that could shift momentum.
If you’re planning to make a move, now is the time to get strategic.
