Residential sales activity in the area served by the Niagara Association of REALTORS® slowed in the second quarter of 2025 compared to the second quarter of 2024.
Residential property sales numbered 1,789 units in the second quarter of 2025, down 18.8% compared to the same quarter in 2024.
Sales slowed 19% for single detached homes, were down 26.7% for townhouse and row units, and were down 17.9% for apartment units compared to a year earlier in the second quarter.
| Summary - Sales by Housing Type | |||
|---|---|---|---|
| Category | Q2-2025 | Q2-2024 | Year-over-year % change |
| Single Detached | 1,332 | 1,645 | -19.0 |
| Townhouse/row | 203 | 277 | -26.7 |
| Apartment | 92 | 112 | -17.9 |
| Summary – Median Price by Housing Type | |||
|---|---|---|---|
| Category | Q2-2025 | Q2-2024 | Year-over-year % change |
| Single Detached | $657,000 | $680,000 | -3.4 |
| Townhouse/row | $635,000 | $635,500 | -0.1 |
| Apartment | $420,000 | $437,000 | -3.9 |
