Niagara Association of REALTORS
Real Estate Board — Market Data & Trends
Overview
The composite benchmark price for Niagara Association of REALTORS was $572,200 in July 2026, down 5.5% year over year.
Across the 3 months on record — May 2026 to July 2026 — the benchmark fell 0.5%, from $575,300 to $572,200.
The high over that window was $575,300 in May 2026; the benchmark now sits 0.5% below it.
The low was $571,300 in June 2026.
The segments have not moved together: townhouses gained 0.2%, detached homes lost 0.5% and apartments lost 2.8% over the window — a spread of 3.1 percentage points between townhouses and apartments.
As of July 2026 the benchmark stands at $597,200 for detached homes, $526,500 for townhouses and $333,500 for apartments.
Niagara Association of REALTORS reported 609 sales in July 2026.
Inventory stands at 5.5 months of supply, which the board's own thresholds classify as a balanced market.
These are figures published by Niagara Association of REALTORS. The period-over-period comparisons above — the change over the window, the high and the low and the spread between property types — are arithmetic compiled by this publication from 3 monthly releases, May 2026 through July 2026.
Board Report
Key Takeaways
July 2026- The overall MLS® HPI composite benchmark price was $572,200 in July 2026, a decrease of 5.5% compared to July 2025.
- Months of inventory numbered 5.5 at the end of July 2026, down from the 5.9 months recorded at the end of July 2025 and above the long-run average of 4.1 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.
Source: Niagara Association of REALTORS
At 5.5 months of inventory, supply and demand are well matched. Neither buyers nor sellers have a decisive advantage. Prices tend to appreciate moderately, and properties sell within normal timeframes.
Niagara Association of REALTORS Narrative
The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 609 units in July 2026. This was a decrease of 7.4% from July 2025.
Home sales were 7.9% above the five-year average and 9.4% below the 10-year average for the month of July.
On a year-to-date basis, home sales totaled 3,599 units over the first seven months of the year. This was a small reduction of 2.5% from the same period in 2025.
“Sales activity stepped down compared to last July. While new listings were also down, they were still among the highest levels recorded for any July. Overall supply levels remain historically elevated but are unwinding since peaking in mid-2025,” said Sarah Hart, Executive Officer of the Niagara Association of REALTORS® (NAR). “In development news the federal government has awarded $183 million to St. Catharines through its Co-operative Housing Development Program. The funds will be used for a co-operative housing development that will add 492 units of housing supply, a welcome investment in the Niagara Region.”
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 $572,200 in July 2026, a decrease of 5.5% compared to July 2025.
The benchmark price for single-family homes was $597,200, a moderate decrease of 5.2% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $526,500, falling by 7.2% compared to a year earlier, while the benchmark apartment price was $333,500, a sharp decrease of 15.5% from year-ago levels.
The average price of homes sold in July 2026 was $662,239, edging down 0.7% from July 2025.
The more comprehensive year-to-date average price was $646,372, a decline of 5% from the first seven months of 2025.
The dollar value of all home sales in July 2026 was $403.3 million, down by 8.1% from the same month in 2025.
The number of new listings saw a substantial decrease of 11% from July 2025. There were 1,530 new residential listings in July 2026.
New listings were 2.4% below the five-year average and 10.9% above the 10-year average for the month of July.
Active residential listings numbered 3,354 units on the market at the end of July, a large decline of 13.1% from the end of July 2025.
Active listings were 5% above the five-year average and 33.7% above the 10-year average for the month of July.
Months of inventory numbered 5.5 at the end of July 2026, down from the 5.9 months recorded at the end of July 2025 and above the long-run average of 4.1 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.
Market Balance
Months of Inventory
Supply and demand are roughly balanced.
At 5.5 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Source: Niagara Association of REALTORS via CREA MLS
Period: July 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.