Niagara Association of REALTORS®

The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 609 units in July 2026. This was a decrease of 7.4% from July 2025.

Home sales were 7.9% above the five-year average and 9.4% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 3,599 units over the first seven months of the year. This was a small reduction of 2.5% from the same period in 2025.

“Sales activity stepped down compared to last July. While new listings were also down, they were still among the highest levels recorded for any July. Overall supply levels remain historically elevated but are unwinding since peaking in mid-2025,” said Sarah Hart, Executive Officer of the Niagara Association of REALTORS® (NAR). “In development news the federal government has awarded $183 million to St. Catharines through its Co-operative Housing Development Program. The funds will be used for a co-operative housing development that will add 492 units of housing supply, a welcome investment in the Niagara Region.”

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 $572,200 in July 2026, a decrease of 5.5% compared to July 2025.

The benchmark price for single-family homes was $597,200, a moderate decrease of 5.2% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $526,500, falling by 7.2% compared to a year earlier, while the benchmark apartment price was $333,500, a sharp decrease of 15.5% from year-ago levels.

The average price of homes sold in July 2026 was $662,239, edging down 0.7% from July 2025.

The more comprehensive year-to-date average price was $646,372, a decline of 5% from the first seven months of 2025.

The dollar value of all home sales in July 2026 was $403.3 million, down by 8.1% from the same month in 2025.

The number of new listings saw a substantial decrease of 11% from July 2025. There were 1,530 new residential listings in July 2026.

New listings were 2.4% below the five-year average and 10.9% above the 10-year average for the month of July.

Active residential listings numbered 3,354 units on the market at the end of July, a large decline of 13.1% from the end of July 2025.

Active listings were 5% above the five-year average and 33.7% above the 10-year average for the month of July.

Months of inventory numbered 5.5 at the end of July 2026, down from the 5.9 months recorded at the end of July 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.