Niagara Association of REALTORS®

Niagara Association of REALTORS® (NAR) MLS® home sales continue slow progression to recovery in September

The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 535 units in September 2025. This was a modest gain of 1.1% (six sales) from September 2024.

Home sales were 3.4% below the five-year average and 13.7% below the 10-year average for the month of September.

On a year-to-date basis, home sales totaled 4,773 units over the first nine months of the year. This was down by 7.6% from the same period in 2024.

“Sales activity was little changed from last year, while on a monthly basis momentum continues moving sluggishly upward,” said Sarah Hart, Executive Officer of the Niagara Association of REALTORS® (NAR). “New listings are trending at the highest level for this time of year on record, while overall inventories are at heights unseen since 2011. This means more options for buyers when they decide to return to the market in greater numbers, as well as a favourable pricing environment.”

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 $595,800 in September 2025, a moderate decrease of 6.9% compared to September 2024.

The benchmark price for single-family homes was $620,600, falling by 5.5% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $554,400, a decline of 9.5% compared to a year earlier, while the benchmark apartment price was $378,400, down sharply by 14.3% from year-ago levels.

The average price of homes sold in September 2025 was $670,387, a minor decrease of 1.2% from September 2024.

The more comprehensive year-to-date average price was $677,002, a small reduction of 2.6% from the first nine months of 2024.

The dollar value of all home sales in September 2025 was $358.7 million, unchanged from the same month in 2024.

The number of new listings saw a gain of 5.6% from September 2024. There were 1,783 new residential listings in September 2025. This was also the largest number of new listings added in the month of September in history.

New listings were 16.2% above the five-year average and 35.7% above the 10-year average for the month of September.

Active residential listings numbered 3,826 units on the market at the end of September, up by 8.1% from the end of September 2024. Active listings haven’t been this high in the month of September in more than three decades.

Active listings were 34.7% above the five-year average and 63.2% above the 10-year average for the month of September.

Months of inventory numbered 7.2 at the end of September 2025, up from the 6.7 months recorded at the end of September 2024 and above the long-run average of 4.3 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.

BOARD & ASSOCIATION INFORMATION

The Niagara Association of REALTORS® represents over 1,500 REALTOR® members serving the communities of Fort Erie, Fonthill/Pelham, Lincoln, Niagara Falls, Niagara-on-the-lake, Port Colborne/Wainfleet, St. Catharines, Thorold and Welland. Our mission is to empower our REALTORS® to enrich the communities of Niagara. Our vision is to strive to be a leading catalyst for positive change in the real estate industry, driving growth, prosperity, and community development throughout the Niagara Region.


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For more information,
please contact:

Lisa Taylor, Chair
The Niagara Association of REALTORS®
116 Niagara Street, St. Catharines, ON, L2R 4L4
905-684-9459
nar@niagararealtor.ca

Chair
Lisa Taylor

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