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15 June 2023

Wrapping Up Niagara Real Estate Spring Market (Part 3 of 3)

by Barbara Scarlett

How do current benchmark prices compare to the peak prices we saw around March 2022?

 

Well, it’s an interesting story. Niagara’s average decrease from that peak is about -21.7%. That’s the difference between a regional peak price of $820,100 in March 2022 and $641,600 in March 2023. But what about competing offers? Market-priced homes are starting to attract multiple offers again, especially those that are in line with benchmark prices for their respective cities. So, if you’re looking to buy, don’t be afraid to jump in and make an offer!

 

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