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DECEMBER 2019 | NIAGARA REGION
Days On Market
On an annual basis, home sales totaled 6,002 units over the course of 2019, climbing 7.3% from the same period in 2018. The dollar value of all home sales in December 2019 was $146.7 million, rising 29% from the same month in 2018. This was a new record for the month of December. There were 309 new residential listings in December 2019. This was down 4.9% on a year-over-year basis. Active residential listings numbered just 1,062 units at the end of December, a decrease of 15.6% from the end of December 2018. Months of inventory numbered only 3.4 at the end of December 2019, down from the 4.3 months recorded at the end of December 2018 and below the 10-year average of 5.3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity. Sales of all property types numbered 342 units in December 2019, up 9.6% from December 2018. The total value of all properties sold was $171.1 million, a large 36.2% increase from December 2018.
Hey There, We're,
Aram & Renee
Real Estate Team
We’re Aram & Renee Ghewondian – a husband & wife real estate duo guiding families throughout Niagara how to start making smart investment decisions and confidently loving the home they own. Whether you’re a buyer, seller, first time home buyer, or looking to renovate and flip a fixer-upper, you’re in the right place!
With our backgrounds in finance and interior design, and even living in 6 homes within a span of 6 years, you can toss everything you think you know about the typical real estate agent. Our services go well beyond.
When you work with us, you get double the output.
How The A&R Method Will Benefit You
By leveraging the A&R method, you won’t ever have to worry if you sold your house for the max value possible. The best part is, you will go through this entire process with little stress and incredible rewards. Let us help you achieve your goals and put more money in your pocket.
Come to us and we’ll take care of the rest. It’s really that simple! Our hands are pretty much glued to our phones, so when you call, we’ll be here!
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Don’t know where to Begin? With ample experience under our belt, we’ll help put you on the right track from the start.