Residential home sales activity recorded through the MLS® for the Niagara Association of REALTORS® (NAR) totaled 565 units in May 2026, compared to 627 in May 2025.
In May , the Niagara Association of REALTORS® listed 1574 residential properties compared to 1925 in May 2025. The average days it took to sell a home in May 2026 was 41 days, a 5.1 % increase from May 2025.
“With Niagara’s sales-to-listings ratio for May landing at 36%, our regional market is staying firmly planted in a buyer’s market,” said Johnny MacDonald, Chair of the Niagara Association of REALTORS®. “We are down 1.5% from April, and while some areas are performing better than others, with St. Catharines edging closer toward a balanced market with a sales-to-listings ratio of just over 42%, and West Lincoln having a stellar month, overall Niagara’s market is still showing favour to the buyer. But it’s not all doom and gloom friends, the current market reveals the silver lining of an excellent opportunity for those wanting to enter the housing market, and those upsizing!”
Commenting on the broader macroeconomic environment influencing the spring market, MacDonald added: “Following the Bank of Canada’s decision to hold the overnight rate steady in April for the fourth consecutive month, the message that rate drops are behind us has been reconfirmed. Heading into the June 10th announcement, the consensus is that the central bank will hold steady at 2.25%. While our stalled domestic economy hints at a need for rate cuts, ongoing geopolitical tensions and U.S. tariff rhetoric have introduced inflationary shocks. Because cutting rates could cause inflation to spiral and raising them could deepen a recession, the Bank of Canada is expected to maintain a steady hand. Navigating these external economic shifts and localized micro-trends is exactly why having the guidance and support of a local Niagara REALTOR® is more important than ever!”
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or. median price measures. The overall MLS® HPI composite benchmark price for the Niagara Region was $ 575,300 in May 2026. This was a 8% decrease from May 2025.
The characteristics of the HPI composite benchmark is a home between the ages of 51 to 99 with three bedrooms and two bathrooms. A full list can be found in the accompanying chart.
READ FULL REPORT HERE.
About The Niagara Association of REALTORS®
The Niagara Association of REALTORS® represents over 1,500 REALTORS® serving the communities of Fort Erie, Fonthill/Pelham, Lincoln, Niagara Falls, Niagara-on-the-Lake, Port Colborne/Wainfleet, St Catharines, Thorold, and Welland.
SOURCE, NAR
To learn more, visit NAR NIAGARA ASSOCIATION OF REALTORS®
