Niagara Association of REALTORS

The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 651 units in June 2026. This was a gain of 9% from June 2025.

Home sales were 6.1% above the five-year average and 6.6% below the 10-year average for the month of June.

On a year-to-date basis, home sales totaled 2,993 units over the first six months of the year. This was down modestly by 1.3% from the same period in 2025.

“Sales activity has marked a small resurgence on a monthly basis over the past few months, while recording a small gain from year-ago levels. On the supply side, new listings remain at some of the highest June levels on record as sellers remain as motivated as ever to find a buyer for their property,” said Sarah Hart, Executive Officer of the Niagara Association of REALTORS® (NAR). “There was positive news in St. Catharines and Welland last month, with the municipalities securing an additional $4.5 million of funding from the Building Faster Fund in response to meeting or exceeding their provincially designated housing targets. The funding will help with additional infrastructure needed to accommodate growth in new communities.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $571,300 in June 2026, a decline of 6.5% compared to June 2025.

The benchmark price for single-family homes was $596,100, down by 6.5% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $527,900, a decrease of 4.7% compared to a year earlier, while the benchmark apartment price was $335,700, a big reduction of 15.2% from year-ago levels.

The average price of homes sold in June 2026 was $676,248, a minor decrease of 1.2% from June 2025.

The more comprehensive year-to-date average price was $643,224, a moderate decrease of 5.8% from the first six months of 2025.

The dollar value of all home sales in June 2026 was $440.2 million, increasing by 7.7% from the same month in 2025.

The number of new listings saw a decline of 7.6% from June 2025. There were 1,631 new residential listings in June 2026. This was the lowest number of new listings added in the month of June in five years.

New listings were 5.1% below the five-year average and 8.5% above the 10-year average for the month of June.

Active residential listings numbered 3,364 units on the market at the end of June, down sharply by 14.8% from the end of June 2025.

Active listings were 7.9% above the five-year average and 36.8% above the 10-year average for the month of June.

Months of inventory numbered 5.2 at the end of June 2026, down from the 6.6 months recorded at the end of June 2025 and above the long-run average of 3.8 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.