The second quarter of 2019 (April 1st through June 30th) is behind us, and now is a great time to see where the Windsor-Essex real estate market stands. When compared to the same quarter of 2018, we can see that this continues to be a strong seller’s market and that there is great demand from buyers for the homes for sale in Windsor and Essex County.
The number of homes sold in the Windsor-Essex region was very close to the same number, with a small 1% decrease in the number of homes sold in the second quarter of 2019 compared to Q2 2018. The number of listings was noticeably higher for Q2 2019, as there was a 10% increase in homes listed compared to the same period last year. At the same time, the percentage of listings that sold during this quarter was down 8% versus the previous year, going from 73% to 65%.
The average sale price also showed an increase of 11% over last year and stood at $342,884 this quarter. With 61% of homes sold selling for under the average sale price, buyers appear to be seeking out more affordable homes in the busy Windsor-Essex real estate market.
Bungalows continued to be the most popular style of house for homebuyers in Windsor-Essex, with 2 storeys, ranches, 1.5 storeys and raised ranches rounding out the most popular types of home. Apartments and condominiums continued to see a noticeable increase in their average sale price, showing that they continue to be a popular option for buyers as well.
Whether you’re looking to buy or sell a home this summer, the team at Royal LePage Binder Real Estate is ready to help you. We can help you figure out what the current market conditions mean for you based on your individual real estate needs, and guide you through the entire process of buying or selling a home. We have locations across Essex County ready to serve you, and over one hundred real estate agents who can help you. To get started or to find out more, contact us today.