Niagara Association of REALTORS®

The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 525 units in October 2025. This was a decrease of 9.8% from October 2024.

Home sales were 10.3% below the five-year average and 16.9% below the 10-year average for the month of October.

On a year-to-date basis, home sales totaled 5,296 units over the first 10 months of the year. This was a moderate decrease of 7.8% from the same period in 2024.

“Sales activity was down on year-over-year basis even with sellers listing more homes than almost any other October in history,” said Sarah Hart, Executive Officer of the Niagara Association of REALTORS® (NAR). “Inventories remain historically elevated and our local market is in buyer’s territory. However, the provincial government announced that they would be rebating the provincial portion of the HST on new homes for first-time buyers, which we hope will bring more people into the housing market and especially those who have been hit hardest by affordability issues.”

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 $593,000 in October 2025, falling by 7.1% compared to October 2024.

The benchmark price for single-family homes was $618,800, a decline of 5.5% on a year-over-year basis in October. By comparison, the benchmark price for townhouse/row units was $536,300, down sharply by 13.1% compared to a year earlier, while the benchmark apartment price was $379,600, a substantial decrease of 13.9% from year-ago levels.

The average price of homes sold in October 2025 was $657,860, decreasing by 5.5% from October 2024.

The more comprehensive year-to-date average price was $675,207, a modest decline of 2.8% from the first 10 months of 2024.

The dollar value of all home sales in October 2025 was $345.4 million, down sharply by 14.7% from the same month in 2024.

The number of new listings saw a minor decrease of 3.3% from October 2024. There were 1,433 new residential listings in October 2025.

New listings were 8.2% above the five-year average and 19.1% above the 10-year average for the month of October.

Active residential listings numbered 3,640 units on the market at the end of October, a moderate gain of 6.7% from the end of October 2024. Active listings haven’t been this high in the month of October in more than three decades.

Active listings were 33.8% above the five-year average and 59.6% above the 10-year average for the month of October.

Months of inventory numbered 6.9 at the end of October 2025, up from the 5.9 months recorded at the end of October 2024 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.