Trends in the Niagara Region Housing Market
Average sale prices in the Niagara housing market are projected to rise by about two per cent through the end of 2025, while the number of sales is expected to drop by roughly 11 per cent. This is partly due to continued interest in higher-end properties and sought-after locations, which can lift overall price averages despite slower market activity. Some buyers are also waiting due to economic uncertainty, contributing to the decline in sales volume.
The Niagara housing market Q4 2024 was in a buyer’s market, shifting to balanced. End of month inventories have been steadily decreasing. Families are the primary drivers of sales in the region, a trend expected to continue through the rest of the year. Young couples and first-time buyers are becoming more active.
Sellers are looking at cashing in on their equity, and are slowly adjusting their expectations. The 90-day inventory is on the decline. Buyers have more choice so they are discerning in their buying decisions. At around 35 to 40 years old, first-time buyers are also trending older on average now than in previous years. Support from parents and grandparents is necessary to be able to enter the market.
Conditional sales, where buyers’ purchases depend on selling their current home, are stabilizing as the market adjusts. Fewer deals are falling through, reflecting that buyers and sellers are willing to adapt to current market conditions and align expectations. The neighbourhoods of Fonthill, Beamsville, and Ridgeway are drawing attention due to their affordability, lifestyle and convenience that resonates with buyers in the region:
- Fonthill: Has family-friendly neighbourhoods with good schools and access to parks, making it attractive for households looking to upsize.
- Beamsville: Offers a mix of charming residential streets and proximity to local wineries and cultural amenities, appealing to buyers seeking a balance between small-town living and leisure options.
- Ridgeway: Popular for its waterfront access and slower-paced lifestyle, making it particularly appealing to retirees or those seeking a seasonal or secondary home. Collectively, these areas combine accessibility, community amenities, and a range of property types that meet diverse buyer needs.
Following a slower start to the year, the market picked up pace in the latter part of Q2, with more homes coming on the market and buyers actively looking. This momentum is expected to continue into Q4, with steady sales activity and a generally more confident atmosphere among both buyers and sellers. This is expected to continue for the rest of the year.
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