Niagara Real Estate Market Update - January 2025

Market Overview

January 2026 marked the market’s transition out of the holiday slowdown. New listings surged as sellers returned, while buyer activity increased more selectively, leading to a market that became more supply-heavy but still orderly.

The shift was less about weakening demand and more about inventory catching up. Pricing continued to adjust modestly, days on market lengthened, and buyers gained additional leverage as choice expanded.

Market Snapshot 📊

New Listings: 1,053
▼ 21.0% YoY | ▲ 109.3% MoM

Sales: 336
▼ 11.8% YoY | ▼ 6.1% MoM

Benchmark Price (HPI): $573,900
▼ 8.3% YoY | ▼ 0.2% MoM

Median Days on Market: 58
▲ 12.0% YoY | ▲ 33.8% MoM

Key takeaway: January wasn’t about demand collapsing — it was about supply returning faster than buyers could absorb it, shifting leverage slightly toward purchasers.

Why New Listings Matter in January

New listings jumped from 503 in December to 1,053 in January, a 109% month-over-month increase as sellers re-entered the market after the holidays.

What’s important is how this compared to sales:

Listings ▲ 109.3% MoM
Sales ▼ 6.1% MoM

Supply rose sharply while demand remained relatively steady, creating more choice for buyers and reducing urgency. This imbalance explains why prices softened only marginally rather than correcting sharply.

Sales Activity & Market Pace

Sales edged lower from December, but buyer interest remained intact.

• Serious buyers stayed active
• Casual buyers became more selective
• Pricing and presentation mattered more than ever

Median days on market increased to 58 days, reflecting longer decision-making and negotiation, not distress. Homes priced realistically continued to sell, while aspirational pricing struggled.

Pricing Trends

The Niagara benchmark price ended January at $573,900, down:

• 8.3% year-over-year
• 0.2% month-over-month

A modest monthly decline during a period of rising inventory points to continued stabilization rather than a sharp correction. Prices are adjusting gradually as supply normalizes.

Municipality Breakdown (January 2026)

Fort Erie
New Listings: 146
Sales: 30
Median DOM: 66
Benchmark Price: $503,600

Sales slowed more than listings, extending timelines. Buyers are price-sensitive and negotiating more aggressively.

Lincoln
New Listings: 47
Sales: 13
Median DOM: 67
Benchmark Price: $677,110

Sales dipped while inventory rose, creating softer conditions. Pricing accuracy is critical.

Niagara Falls
New Listings: 195
Sales: 65
Median DOM: 43
Benchmark Price: $563,000

Stable sales but significantly higher inventory increased competition, especially for dated homes.

Niagara-on-the-Lake
New Listings: 42
Sales: 19
Median DOM: 59
Benchmark Price: $849,200

Sales rebounded sharply, but elevated pricing keeps timelines long. Strategic pricing remains essential.

Grimsby
New Listings: 60
Sales: 20
Median DOM: 66
Benchmark Price: $683,700

Sales declined while days on market rose, signalling a cooler but still functional market.

Pelham
New Listings: 45
Sales: 14
Median DOM: 27
Benchmark Price: $748,500

Despite lower volume, quicker selling timelines show well-priced homes are still moving.

Port Colborne / Wainfleet
New Listings: 47
Sales: 15
Median DOM: 97
Benchmark Price: $484,400

Higher inventory and longer selling times point to increased buyer leverage.

St. Catharines
New Listings: 252
Sales: 90
Median DOM: 58
Benchmark Price: $520,300

Listings surged while sales eased, creating a more balanced but competitive environment.

Thorold
New Listings: 83
Sales: 23
Median DOM: 59
Benchmark Price: $581,700

Sales improved month-over-month, but rising supply extended timelines.

Welland
New Listings: 112
Sales: 45
Median DOM: 41
Benchmark Price: $497,400

Affordability continues to support activity, though buyers are taking more time.

West Lincoln
New Listings: 24
Sales: 2
Median DOM: 50
Benchmark Price: $665,300

Low sales combined with rising listings created significant buyer leverage.

Market by Home Style

Composite: $573,900 | ▼ 0.2% MoM | ▼ 8.3% YoY
Detached: $599,900 | ▼ 0.0% MoM | ▼ 8.1% YoY
One-Storey: $572,300 | ▼ 0.5% MoM | ▼ 7.2% YoY
Two-Storey: $627,400 | ▲ 0.4% MoM | ▼ 8.9% YoY
Townhouse: $511,100 | ▼ 0.3% MoM | ▼ 12.0% YoY
Apartment / Condo: $371,100 | ▼ 2.8% MoM | ▼ 7.8% YoY

What This Means Going Forward

• Supply has returned faster than demand
• Buyers are gaining leverage, not disappearing
• Pricing precision is now critical
• Presentation and condition matter more than ever

Homes priced correctly are still selling. Overpriced homes are sitting.

30–60 Day Outlook

As inventory continues to rebuild through late winter and early spring, pricing is likely to remain sideways with mild downward pressure in select segments. Buyer activity should gradually improve as confidence builds, but sellers will need to stay realistic. The market is stabilizing — not rushing.