The dog days of summer brought a lull to residential homes sales, with Niagara’s real estate market navigating its typical seasonal slowdown.

Sales and new listings cooled off in August as days on market increased — giving buyers more leverage while sellers face heightened competition from lingering supply.

In monthly data released by Niagara Association of Realtors, the number of home sales and listings dropped month over month. Sales totalled 532 in August compared to 642 in July and new listings in Niagara fell to 1,410 in August from 1,690 in July.

Month over month, the benchmark price of a home increased to $610,100 in August, up from $608,400 in July.

Association chair Lisa Taylor said the numbers can be attributed to the region’s slightly slower summertime pattern, but the stead

See Full Page