Are real estate prices dropping?

Are Real Estate Prices Dropping in Niagara Falls? Here’s the Real Story

Let’s clear the air: yes, there’s been a slight dip in home prices across Niagara Falls, but it’s not the doom-and-gloom scenario some might suggest. In fact, for many, it’s a golden opportunity.

As of April 2025, the benchmark home price in Niagara Region sits at $642,500, down 2.9% year-over-year . However, the average home price across the region climbed to $707,729, reflecting a modest 0.83% year-over-year increase .niagaraindependent.caNiagara Homes

The median list price in Niagara Falls rose to $706,024 in April, up 1.29% from March . Homes are selling in about 36 days, slightly faster than the previous month .Houseful

While sales activity has slowed, only 539 homes sold in April 2025, down 34.5% from April 2024, this shift means buyers have more options and negotiating power.niagaraindependent.ca+1Redfin+1

For sellers, well-priced homes are still attracting attention. The key is understanding the current market dynamics and positioning your property accordingly.

Nationally, the average home price in Canada was $678,331 in March 2025, down 2.9% year-over-year .WOWA

In summary: the market is adjusting, not collapsing. Whether you're buying or selling, informed decisions are crucial.