The headlines focus on interest rates and home prices, but what about the trends that actually impact buyers and sellers?
Whether your a seller, buyer, or just staying up to date on the market, there are four trends happening in the Niagara real estate market.
At Fishman Group, we monitor these key indicators closely, to allow us to predict what will happen in 2025, and best guide our clients.
The Four Trends Happening Right Now
#1: More Buyers Are Looking for Multi-Generational Homes:
- Rising home prices have led to more families combining households.
- Buyers are actively seeking homes with in-law suites, finished basements, or extra space for family members.
- Homes with secondary living spaces are selling faster and at higher prices than those without.
#2: Smart Home Features Are Becoming a Selling Point:
- Buyers are increasingly prioritizing homes with smart thermostats, security systems, and energy-efficient upgrades.
- If your home lacks these features, you may lose potential buyers.
- Even small additions, like a video doorbell or smart lighting, can help your home stand out.
#3: Walkability & Lifestyle Are Driving Buyer Choices:
- People aren’t just looking for homes, they’re looking for communities.
- More buyers are considering walkability, access to restaurants and shops, and overall quality of life when choosing where to live.
- Neighbourhoods with vibrant town centres, parks, and coffee shops within walking distance are seeing an increase in demand.
#4: Renovation Fatigue is Changing What Buyers Want:
- In previous years, many buyers were willing to take on renovations to get a great deal. But today, buyers want move-in ready homes.
- Rising renovation costs and contractor delays have made buyers less willing to take on projects.
- We are noticing that more and more buyers - particularly first time home buyers - are not able to justify the high price tag that comes along with these types of homes.
The real estate landscape is shifting. Understanding these hidden trends can help you make smarter decisions—whether you’re buying, selling, or investing.
Smart moves start with smart advice. For our specialized advice, get in touch to see how we can help you ready your home for the market.