Niagara Association of REALTORS Reports Balanced Market in May 2026 with Composite Benchmark Price at $575,300

Niagara Association of REALTORS — May 2026

In May 2026, the Niagara Association of REALTORS® reports a total of 593 homes sold, reflecting a 5.9% decline from May 2025. The composite benchmark price stands at $575,300, marking an 8% decrease year-over-year.

Market Analysis

The Niagara real estate market shows signs of stabilization amidst a balanced market condition. Total sales of 593 units in May 2026 are 10.7% below the five-year average and 17.8% below the 10-year average for the month. Year-to-date sales total 2,346 units, down 3.7% compared to the same period in 2025. New listings have decreased significantly, with 1,624 homes added in May, the lowest figure in five years, contributing to a total of 3,242 active listings, which is 14.3% lower than last year but still above long-term averages.

Property Type Analysis

The benchmark price for detached homes is $600,500, down 8.3% year-over-year, while attached/townhouse units are priced at $525,200, reflecting a 6.9% decrease. Apartments have seen the most significant decline, with a benchmark price of $343,200, down 13.1% from last year. This trend indicates varying levels of demand and supply across different property types, with single-family homes showing more resilience compared to apartments.

Regional Highlights

Active listings are 12.7% above the five-year average, indicating a relatively healthy inventory level despite the decline in new listings. The months of inventory stand at 5.5, down from 6 months in May 2025, suggesting that while the market is balanced, it is not favoring buyers significantly. This balance is crucial for maintaining price stability in the region.

For Buyers

For potential buyers, the current market conditions present an opportunity to negotiate better terms, especially given the decrease in prices across various property types. With a balanced market and a moderate inventory level, buyers should conduct thorough research and consider their options carefully to find properties that meet their needs.

For Sellers

Sellers are advised to price their homes competitively in light of the declining benchmark prices. With fewer new listings entering the market, there is an opportunity to attract buyers by highlighting unique features and ensuring homes are well-presented. Engaging with a knowledgeable REALTOR® can provide valuable insights into pricing strategies and market positioning.