Niagara Association of Realtors encouraged by September sales
It looks like the housing market in Niagara is stabalizing.
According to statistics from the Niagara Realtor's Association the number of sales last month increased 10% compared to last year.
The average residential sales price also ticked up slightly, coming in at $408,412 - an increase of 1.4%.
Meanwhile it takes a little longer to find a buyer - the average days on the market for residential homes increased from 36 days to 40, while condos spend about a month on the market.
"As the third quarter of 2018 comes to an end, this year's statistics continue to demonstrate a more balanced market v.s previous years. It is encouraging to see residential sales data become more stable," President of the Niagara Association of Realtors Stephen Oliver says via a release.
The most homes were sold in Niagara Falls and St. Catharines with 144 a piece.
Image courtesy Niagara Association of Realtors
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