Niagara Market Report: 2020 Year In Review
Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totaled 7929 units in 2020. This was an increase of 14% from December 2019.
Happy New Year!! The dream of a lifestyle change paired with affordability played a strong role in moving the 12-Month Average Price in Niagara up a whopping 21.8% – reaching $544,343 at year end 2020 compared to $446,915 in December 2019.
We are firmly planted in a Sellers Market with multiple offers, due to lower supply and higher demand from buyers seeking home ownership and investments.
We anticipate continued strong spring market activity. If you are considering a move, please give us a call 905-892-8920 or reach out via email: info@TeamBB.ca