Niagara Real Estate Market Update — December 2025

Market Overview

December 2025 marked the seasonal pause in the Niagara real estate market. Activity slowed across the region, driven primarily by fewer new listings coming to market, while buyer demand eased at a more moderate pace.

The result was a quieter market overall, not a weaker one. Pricing softened gradually, days on market lengthened, and inventory remained balanced heading into year-end.

Market Snapshot 📊

• New Listings: 503
  ▼ 15.2% YoY | ▼ 53.9% MoM
  
  
• Sales: 358
  ▼ 6.5% YoY | ▼ 20.1% MoM
  
  
• Benchmark Price (HPI): $575,200
  ▼ 7.4% YoY | ▼ 1.3% MoM
  
  
• Median Days on Market: 43
  ▼ 4.4% YoY | ▲ 16.5% MoM
  
  

Key takeaway: December wasn’t about demand falling apart — it was about sellers stepping back for the holidays. New listings declined far more sharply than sales, helping keep the market stable.

Why New Listings Matter in December

New listings fell from 1,091 in November to just 503 in December, a 54% month-over-month drop. This is typical for December, as many sellers pause and plan to relaunch in the new year.

What’s important is how this compares to buyer activity:

• Listings ▼ 53.9% MoM
  
  
• Sales ▼ 20.1% MoM
  
  

Because supply dropped much faster than demand, inventory didn’t surge and prices avoided sharp declines. Instead, the market simply slowed down.

This relationship between supply and demand explains why pricing only softened modestly despite slower activity.

Sales Activity & Market Pace

Sales naturally declined in December, but buyers didn’t disappear.

• Buyers with real timelines stayed active
  
  
• Casual buyers waited until January
  
  
• Well-priced, move-in-ready homes still sold
  
  

Median days on market rose to 43 days, reflecting more comparison shopping and negotiation, not market distress. Homes priced correctly continued to sell within a reasonable timeframe.

Pricing Trends

The Niagara benchmark price finished December at $575,200, down:

• 7.4% year-over-year
  
  
• 1.3% month-over-month
  
  

A 1.3% month-over-month dip during the slowest month of the year points to controlled adjustment, not a major correction. Fewer new listings helped keep pricing from sliding further.

Municipality Breakdown (December 2025)

Below is a clear look at how each area performed, including new listings, sales, days on market, and benchmark price.

Fort Erie

• New Listings: 46
  
  
• Sales: 30
  
  
• Median DOM: 48
  
  
• Benchmark Price: $498,100
  
  

Listings and sales declined at similar rates, keeping the market balanced. Buyers remain value-focused, with slightly longer selling timelines.

Lincoln

• New Listings: 55
  
  
• Sales: 19
  
  
• Median DOM: 41
  
  
• Benchmark Price: $695,700
  
  

Sales outpaced the decline in listings, showing underlying demand. Buyers are active but disciplined on price.

Niagara Falls

• New Listings: 119
  
  
• Sales: 42
  
  
• Median DOM: 39
  
  
• Benchmark Price: $563,900
  
  

More choice combined with slower absorption created pricing pressure, especially on dated homes.

Niagara-on-the-Lake

• New Listings: 32
  
  
• Sales: 19
  
  
• Median DOM: 93
  
  
• Benchmark Price: $863,500
  
  

Luxury homes continue to sell, but marketing timelines are much longer and pricing accuracy is critical.

Grimsby

• New Listings: 44
  
  
• Sales: 18
  
  
• Median DOM: 30
  
  
• Benchmark Price: $687,500
  
  

One of the more efficient markets. Homes priced correctly continued to move despite seasonal slowing.

Pelham

• New Listings: 19
  
  
• Sales: 6
  
  
• Median DOM: 24
  
  
• Benchmark Price: $746,000
  
  

Low volume means small changes can cause big swings. Pricing has to be spot-on to generate activity.

Port Colborne / Wainfleet

• New Listings: 44
  
  
• Sales: 14
  
  
• Median DOM: 58
  
  
• Benchmark Price: $478,300
  
  

Value-oriented buyers remain active, but longer days on market show increased negotiation.

St. Catharines

• New Listings: 118
  
  
• Sales: 71
  
  
• Median DOM: 33.5
  
  
• Benchmark Price: $523,400
  
  

One of the stronger markets this month, with higher sales despite softer pricing.

Thorold

• New Listings: 29
  
  
• Sales: 8
  
  
• Median DOM: 30.5
  
  
• Benchmark Price: $587,800
  
  

Sales dropped sharply, but pricing held better than volume suggests.

Welland

• New Listings: 66
  
  
• Sales: 43
  
  
• Median DOM: 35
  
  
• Benchmark Price: $493,100
  
  

A steadier market supported by affordability and consistent buyer interest.

West Lincoln

• New Listings: 15
  
  
• Sales: 9
  
  
• Median DOM: 41
  
  
• Benchmark Price: $675,900
  
  

Thin inventory continues to exaggerate metrics. Buyers have more leverage here.

Market by Home Style

• Composite: $575,200 | ▼ 1.3% MoM | ▼ 7.4% YoY
  
  
• Detached: $600,200 | ▼ 1.3% MoM | ▼ 7.3% YoY
  
  
• One-Storey: $575,300 | ▼ 0.8% MoM | ▼ 6.3% YoY
  
  
• Two-Storey: $625,200 | ▼ 1.7% MoM | ▼ 8.1% YoY
  
  
• Townhouse: $512,600 | ▼ 1.8% MoM | ▼ 13.1% YoY
  
  
• Apartment / Condo: $381,800 | ▼ 0.6% MoM | ▼ 4.0% YoY
  
  

What This Means Going Into 2026

• Supply paused more than demand
  
  
• Buyers are patient, not gone
  
  
• Pricing accuracy matters more than ever
  
  

Homes priced correctly are selling. Homes that aren’t are sitting.

30–60 Day Outlook

January typically starts quietly before activity builds later in the first quarter as new listings return and buyers re-engage. With supply expected to rise faster than demand early in the year, pricing is likely to move sideways to slightly lower before stabilizing. Strong presentation and realistic pricing will be key.