Niagara Association of REALTORS®

The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 522 units in August 2026. This was a decrease of 4.7% from August 2025.

Home sales were 3% below the five-year average and 19.5% below the 10-year average for the month of August.

On a year-to-date basis, home sales totaled 4,117 units over the first eight months of the year. This was a small reduction of 2.9% from the same period in 2025.

“Sales activity came in at about the same levels as the previous four years for the month of August as demand remains subdued in our local region,” said Sarah Hart, Executive Officer of the Niagara Association of REALTORS® (NAR). “New listings were down sharply from last year as sellers have pulled back from the market and are no longer listing their homes as aggressively as before. This has helped to lower overall supply levels from near-record highs and is bringing the market slowly back towards balanced territory.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $569,800 in August 2026, a decrease of 6.2% compared to August 2025.

The benchmark price for single-family homes was $593,000, a moderate decrease of 6.3% on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $530,600, falling by 7.1% compared to a year earlier, while the benchmark apartment price was $342,400, a sharp decrease of 11.3% from year-ago levels.

The average price of homes sold in August 2026 was $638,102, decreasing by 3.8% from August 2025.

The more comprehensive year-to-date average price was $645,329, a decline of 4.8% from the first eight months of 2025.

The dollar value of all home sales in August 2026 was $333.1 million, down by 8.4% from the same month in 2025.

The number of new listings saw a substantial decrease of 18.1% from August 2025. There were 1,189 new residential listings in August 2026. This was the lowest number of new listings added in the month of August in five years.

New listings were 13% below the five-year average and 3.3% below the 10-year average for the month of August.

Active residential listings numbered 3,130 units on the market at the end of August, a large decline of 17.1% from the end of August 2025.

Active listings were 0.2% above the five-year average and 28% above the 10-year average for the month of August.

Months of inventory numbered 6 at the end of August 2026, down from the 6.9 months recorded at the end of August 2025 and above the long-run average of 4.1 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.