Niagara Association of REALTORS®

The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 545 units in August 2025. This was an increase of 4.6% from August 2024.

Home sales were 8.7% below the five-year average and 19.6% below the 10-year average for the month of August.

On a year-to-date basis, home sales totaled 4,238 units over the first eight months of the year. This was a moderate decrease of 8.5% from the same period in 2024.

“Sales activity in August remained at more or less the same levels as it posted in the previous three years, with demand in our region only starting to show small signs of an upturn,” said Sarah Hart, Executive Officer of the Niagara Association of REALTORS® (NAR). “New listings reached one of the highest levels on record for the month of August, while overall inventories are trending on par with where they stood back in late 2011. With demand still underperforming supply by a wide margin, our regional market remains in 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 $610,100 in August 2025, down by 4.7% compared to August 2024.

The benchmark price for single-family homes was $634,300, a minor decrease of 3.2% on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $573,500, a moderate decrease of 7% compared to a year earlier, while the benchmark apartment price was $396,000, falling by 8.4% from year-ago levels.

The average price of homes sold in August 2025 was $663,269, decreasing by 4.6% from August 2024.

The more comprehensive year-to-date average price was $677,889, a modest decline of 2.7% from the first eight months of 2024.

The dollar value of all home sales in August 2025 was $361.5 million, nearly unchanged, down only 0.2% from the same month in 2024.

The number of new listings saw an increase of 5.7% from August 2024. There were 1,451 new residential listings in August 2025.

New listings were 9% above the five-year average and 20.3% above the 10-year average for the month of August.

Active residential listings numbered 3,725 units on the market at the end of August, a moderate gain of 7.6% from the end of August 2024. Active listings haven’t been this high in the month of August in more than a decade.

Active listings were 37.4% above the five-year average and 63.8% above the 10-year average for the month of August.

Months of inventory numbered 6.8 at the end of August 2025, up from the 6.6 months recorded at the end of August 2024 and above the long-run average of 3.7 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.