Niagara Association of REALTORS®

Residential Activity

Residential sales activity in the area served by the Niagara Association of REALTORS® slowed in the fourth quarter of 2023 compared to the fourth quarter of 2022.

Residential property sales numbered 984 units in the fourth quarter of 2023, edging down only 3.1% compared to the same quarter in 2022.

Sales slowed 5.3% for single detached homes, were down 1.5% for townhouse and row units, and were down 15.3% for apartment units compared to a year earlier in the fourth quarter.

Annually, residential property sales numbered 5,491 units in all of 2023. This was down 7.4% compared to the 5,928 units recorded in 2022.

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