Saying Goodbye to Summer: What to Expect in Niagara’s Fall Real Estate Market
As September approaches and we trade long sunny days for cooler evenings, Niagara’s real estate market enters a season known for steady activity and motivated buyers and sellers. While summer often brings more casual browsing and slower deals, fall tends to attract serious movers who want to settle before the holidays.
So, what does this fall look like for Niagara? Let’s break it down.
Market Snapshot: Where We Stand
Sales activity is stable: In July, Niagara saw 639 home sales, up from June’s 585. The average days on market improved to 39, showing buyers are still active when the price is right.
Prices are steady to soft: The MLS® HPI Benchmark Price was $608,400 in July, a slight dip from June. This points to a market that’s leaning mildly toward buyers, but still balanced overall.
Inventory remains high: With nearly 1,700 new listings in July, buyers continue to enjoy plenty of choice.
The Bigger Picture
Across Ontario, experts like CREA and CMHC are forecasting slight price declines through 2025, especially in regions with elevated supply. At the same time, the Bank of Canada held its policy rate at 2.75% at the end of July, signalling stability in borrowing costs for the near term.
For Niagara, that translates into a market where:
Sellers must be strategic with pricing.
Buyers have room to negotiate, without the bidding wars of recent years.
Investors can explore opportunities, but should stress-test their numbers with today’s rates in mind.
Fall Forecast: September Through November
Here’s what to expect as we move into fall:
Sales Volume: Activity should remain steady to slightly higher than summer, as serious buyers make their moves before winter.
Prices: Expect values to hold flat or edge slightly lower compared to late summer.
Days on Market: Homes are taking about 5-6 weeks to sell, a healthier pace than earlier in 2025.
What This Means for You
For Sellers: Price your home based on the last 30–60 days, not last year’s peak. Invest in strong marketing—professional photos, staging, and a push in week one. If you’re not seeing traffic, consider a price review by day 14.
For Buyers: This fall offers more options and less competition. Secure a mortgage rate hold, shop carefully, and don’t skip conditions like financing and inspection where possible.
For Investors: With softer pricing and stable rates, it’s a good time to look at opportunities—but run the numbers carefully and plan for renewal scenarios.
Final Thoughts
Fall in Niagara is more than cooler weather and grape harvest festivals; it’s also a time when the real estate market shows its true balance. Whether you’re looking to sell, buy, or invest, this season provides a window of opportunity to make confident, well-timed decisions.