Home sales held relatively steady in the Niagara Region in January compared to December, according to the Niagara Association of Realtors.
The total number of homes sold in Niagara Region in January was 318 units, compared to 332 in December.
The benchmark price for homes in Niagara Region fell slightly, coming in at $573,900, a decline of $1,300 from December. However, the benchmark price was down 8.3 per cent from January 2025 and the average number of days it took to sell a home increased by 13.6 per cent.
The number of new listings in January was largely flat compared to December: in January, 977 new homes were listed on the market, compared to 1,049 in December.
Niagara Association of Realtors Chair Stefani Kondis says these trends are to be expected based on the season and indicate a sense of relative stability.
“January’s market activity reflects a cautious start to the year, partially influenced by some winter weather that kept many across the Niagara Region less engaged with the buying and selling of real estate,” said Kondis.
“While sales and listings are lower than last year, we are undeterred by this seasonal dip. With the Bank of Canada recently holding interest rates steady, we are seeing a return to stability in the lending landscape,” Kondis added.
“We believe this consistency will provide buyers with the confidence they need to move forward as we head into the spring market.”
In January, the largest number of new listings came from St. Catharines, at 238, while the largest highest volume of new sales also came from St. Catharines, at 86.
The highest benchmark price in December was in Niagara-on-the-Lake, at $849,200, while the lowest benchmark price was in Port Colborne/Wainfleet, at $484,400.
In terms of average days on the market, homes sold fastest in Pelham, at 37 days, and slowest in Fort Erie, at 100 days.
Pelham overtook West Lincoln as the hottest market in Niagara Region in January, after West Lincoln had held that title for a number of months. West Lincoln’s market cooled off substantially in January.
In December, the coldest market in the Region had been Niagara-on-the-Lake, but that has since been eclipsed by slowing sales in Fort Erie.
Those wishing to view the full report can do so HERE.
Jay Goldberg is the Canadian Affairs Manager at the Consumer Choice Center. He previously served as the Ontario Director at the Canadian Taxpayers Federation and a policy fellow at the Munk School of Public Policy and Global Affairs. Jay holds a Ph.D. in Political Science from the University of Toronto.
