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The following chart displays the number of sales for 12 months to July, 2023 vs. 12 months prior to July 2022. The CREA HPI Benchmark Prices are also for 12 months to July 2023 vs.12 months prior. The Home Price Index tracks price fluctuations more accurately as opposed to average or median prices which can be skewed depending on whether more lower priced or more higher priced homes sold.
| From 12 Months to July 2023 | Sales Last 12 mo’s | Sales Prior 12 mo’s | % Change No. Sales | HPI Sale Price at July 31, 2023 |
HPI Price at July 31, 2022 |
% Change Over 12 Mo’s |
| Fort Erie | 572 | 823 | -30% | $541,300 | $595,700 | -9.1% |
| Fonthill/ Pelham |
253 | 365 | -31% | $872,300 | $926,200 | -5.8% |
| Grimsby | 504 | 684 | -26% | $819,700 | $891,000 | -8.0% |
| Lincoln | 405 | 484 | -16% | $819,100 | $906,600 | -9.7% |
| Niagara Falls | 1111 | 1626 | -32% | $662,200 | $716,800 | -7.6% |
| Niagara-on-the-Lake | 278 | 409 | -32% | $1,082,300 | $1,207,800 | -10.4% |
| Port Colborne/ Wainfleet |
389 | 519 | -25% | $529,500 | $582,000 | -9.0% |
| St. Catharines |
1717 | 2372 | -28% | $608,100 | $635,400 | -4.3% |
| Thorold | 305 | 462 | -34% | $643,900 | $671,100 | -4.1% |
| Welland | 683 | 1085 | -37% | $566,000 | $574,200 | -1.4% |
| West Lincoln |
176 | 214 | -18% | $808,700 | $836,300 | -3.3% |
*The above stats are based in whole or in part on MLS® System data owned by the Association and the CREA Home Price Index for HPI Sale Prices.
