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Niagara's housing market corrects as prices drop, inventory rises, and sales fall despite lower rates.
The Niagara resale housing market is in a correction, with September seeing a record 1,738 new listings—up from 1,415 in August—while sales fell to 500 units.
The benchmark home price dropped 2.3% to $595,800, continuing a downward trend.
Despite lower interest rates, buyer hesitation persists due to affordability and economic concerns.
Sellers are adjusting prices amid rising inventory, and refinancing activity is increasing, particularly among older residents.
Experts expect further softening through fall, with modest sales growth possible in early 2026.
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El mercado de vivienda de Niagara se corrige a medida que los precios bajan, el inventario aumenta y las ventas caen a pesar de las tasas más bajas.