Niagara Association of REALTORS Reports Balanced Market in June 2026 with Composite Benchmark Price at $571,300

Niagara Association of REALTORS — June 2026

In June 2026, the Niagara Association of REALTORS® (NAR) reports a composite benchmark price of $571,300, reflecting a 6.5% decrease from the previous year. Total sales reached 651 units, marking a 9% increase from June 2025, while active listings stood at 3,364, a 14.8% decline year-over-year.

Market Analysis

The Niagara real estate market demonstrates a balanced condition as of June 2026, with a months of inventory figure of 5.2, indicating a stable supply relative to demand. Despite a notable increase in sales activity compared to the previous month, the overall year-to-date sales are down by 1.3% from 2025. The decline in new listings, which totaled 1,631—down 7.6% from last year—suggests that sellers are becoming more cautious, contributing to a tighter market environment despite the increase in sales.

Property Type Analysis

When analyzing property types, the benchmark price for detached homes is reported at $596,100, while attached/townhouses are at $527,900, and apartments are significantly lower at $335,700. The apartment market has seen the most substantial year-over-year decline at 15.2%, indicating a shift in buyer preference or affordability challenges within this segment.

Regional Highlights

Regionally, municipalities such as St. Catharines and Welland are experiencing positive developments, having secured $4.5 million in funding from the Building Faster Fund. This funding is aimed at enhancing infrastructure to support growth in new communities, which could further influence housing supply and demand dynamics in the area.

For Buyers

Prospective buyers are encouraged to act decisively in the current market environment, where the balance of supply and demand offers opportunities for negotiation. With active listings at 3,364, buyers may find a variety of options, but should remain aware of the overall price trends and be prepared for potential competition in desirable neighborhoods.

For Sellers

Sellers should consider the current market conditions carefully, particularly the decline in new listings and the overall benchmark price decrease. It is advisable to price properties competitively and ensure they are well-presented to attract motivated buyers, especially in a market where inventory levels are higher than the long-term average.