September 2026
Niagara Real Estate Market Update: September 2026
By Jay Pacecca, Royal LePage NRC Realty
Here's what the numbers actually look like right now for Niagara.
Last month, I mentioned that a lot of sellers pushed back their plans after the summer storms. September is when many of them came back. New listings jumped more than 27 percent from August, while the number of homes sold stayed almost exactly the same. Prices barely moved.
In plain terms, buyers suddenly had a lot more to choose from, and sellers had a lot more competition.
September 2026 At a Glance
- Composite benchmark price: $567,400, down 4.6 percent from September 2025 and down 0.4 percent from August 2026
- Homes sold: 502, compared to 512 in September 2025 and 506 in August 2026
- New listings: 1,470, down 15.9 percent year over year but up 27.4 percent from August
- Average days on market: 46, the same as September 2025
- Sales to listings ratio: 34.1 percent, down from 43.2 percent in August
What Happened Across Niagara's Communities
| Area | New Listings | Sales | Benchmark Price | Change vs Sept 2025 | Avg Days on Market |
|---|---|---|---|---|---|
| Fort Erie | 125 | 56 | $483,300 | -6.6% | 72 |
| Grimsby | 95 | 39 | $673,700 | -5.4% | 33 |
| Lincoln | 82 | 29 | $653,400 | -8.3% | 40 |
| Niagara Falls | 276 | 93 | $560,500 | -4.5% | 43 |
| Niagara-on-the-Lake | 92 | 27 | $852,500 | -4.6% | 42 |
| Pelham | 58 | 24 | $746,700 | -2.7% | 53 |
| Port Colborne / Wainfleet | 98 | 30 | $466,000 | -6.2% | 51 |
| St. Catharines | 351 | 100 | $517,700 | -4.2% | 42 |
| Thorold | 71 | 26 | $567,400 | -6.3% | 43 |
| Welland | 195 | 68 | $492,300 | -2.9% | 41 |
| West Lincoln | 27 | 10 | $647,800 | -4.9% | 51 |
| Niagara Total | 1,470 | 502 | $567,400 | -4.6% | 46 |
Source: Niagara Association of REALTORS®, September 2026 statistics. Figures may be revised by the board in later reports.
What Stood Out
St. Catharines had the biggest swing. New listings rose from 254 in August to 351 in September, an increase of about 38 percent, while sales slipped from 117 to 100. That gives St. Catharines buyers more choice than they have had in a while.
Grimsby stayed the quickest market in the region. Homes there sold in 33 days on average, the fastest of any Niagara community.
Niagara Falls and Pelham picked up. Niagara Falls sales were up about 26 percent and Pelham sales were up 50 percent compared to last September.
Fort Erie slowed down. Homes took 72 days to sell on average, up from 56 in August.
The Bigger Picture
The Bank of Canada held its overnight rate steady on September 2nd, the seventh straight hold. The next decision is on October 28th. Steady rates and steady prices give everyone a predictable baseline heading into the fall, and the return of the delayed listings is mostly a normal shift from summer into fall, with the storms adding to it.
What This Means If You're Buying
You have noticeably more to choose from than you did a month ago. With more homes on the market and prices holding flat, you have room to compare, take your time, and negotiate, especially in communities like St. Catharines, Welland, and Lincoln where new listings jumped the most.
What This Means If You're Selling
You have more company now. When there are roughly three new listings for every sale, buyers can afford to be picky, and the homes that win are the ones priced right from day one and ready to show. If you are planning to list this fall, pricing and preparation matter more than they did in the spring.
Thinking About Your Next Move?
Whether that is buying, selling, upsizing, or just wanting to know what your home is worth right now, I am always happy to have a straightforward conversation. No pressure, no pitch.