St. Catharines, Niagara Falls homes both lingering on market longer
Published January 19, 2023 at 12:38 pm
The homes for sale in both the St. Catharines and Niagara Falls marketplaces are tending to linger longer than most Ontario communities but the two markets are even close to the worst.
Real estate experts Zoocasa.com looked at the December 2022 market in 23 southern Ontario communities and both Niagara Falls and St. Catharines landed in the Top-10 for length of time listed for sale.
While the two Niagara cities weren’t not close to the two longest lingerers – Caledon and Orangeville, both at 60 days – it took the average St. Catharines home 43 days to sell.
Niagara Falls was just behind the Garden City at an average of 42 days on the market.
St. Catharines saw 104 new listings during December 2022, balanced off by 85 home sales the same month. The average house is the Garden City went for $578,800.
On the other hand, Niagara Falls saw 99 new listings that month, offset by 54 sales. Things were a little pricier in the tourist town with the average home going for $617,100.
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The final numbers saw the two Niagara cities below nearby municipalities market times, such as Milton (47 days) and Burlington (46 days).
Oakville was the same as St. Catharines at 43 days while Mississauga matched Niagara Falls at 42 days.
However, Hamilton was well-below its neighbours with its houses for sale spending just 34 days on the open market – a full week less than those listed above.
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