According to July housing market statistics from the Niagara Association of Realtors, the Niagara area saw an increase in home sales last month.
In July, there were 662 sales across Niagara Region, which is up 21.5 per cent from July 2024 and 8.7 per cent above the five-year average.
However, although sales appeared to rebound in July, overall homes sales for the year still lag behind 2024. Over the first seven months of 2025, home sales are down 10.2 per cent from the same period in 2024.
In addition, even though there were more home sales in July 2025 compared to July 2024, the average sale price has fallen. The average sale price last month was $668,203, which is down 2.4 per cent from a year prior.
Still, the Niagara Association of Realtors sees reason for optimism.
“Sales activity posted a four-year high for the month of July, coming in firmly at average levels for this time of year,” said Sarah Hart, Executive Officer of the Niagara Association of Realtors. “While this is only a single month where activity has been notably higher compared to the recent past and is still too early to call a recovery, it is nonetheless a welcome sign on the side of demand.”
“Meanwhile, new listings are still coming in at record levels and overall inventories are at heights unseen since late 2011, so any progress rebalancing our market will take time as elevated supply levels gradually unwind.”
The benchmark price for a single-family home in July was $631,600, which is down 4.6 per cent from July 2024. Meanwhile, the benchmark price for townhomes was $570,600, down 7.8 per cent, while the benchmark price for apartments was $404,700, down 9.2 per cent.
According to the Niagara Association of Realtors, the dollar value of all home sales in July was $442.4 million, which is up 18.5 per cent from July 2024.
There were also 1,720 new residential listings in July 2025, which is a historic high for the month of July. New listings are 16 per cent above the five-year average and 30.2 per cent above the 10-year average, indicating a lot of inventory is being put on the market, keeping the market firmly in buyer territory.
Active listings in Niagara at the end of July were 3,799 units, which is up 7.3 per cent from a year prior and represents the highest number of active listings in the month of July in more than 10 years. Active listings are now 38.2 per cent above the five-year average and 63.9 per cent above the 10-year average.
Finally, the Niagara Association of Realtors reports that the months of inventory on the market at the end of July was 5.7, which is down from 6.5 months back in July 2024. The number of months of inventory is the number of months it would take to sell all houses currently on the market at the present level of sales activity.
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.
