Taking a look at the Real Estate Market in Windsor Essex, Owner and Broker of Record Frank Binder sits down with our host, Arms Bumanlag to chat about the latest trends and more for January 2022.
Residential listings continued its strong pace with 546 listings taken which is an 10.98% increase over last year. That has kept our listing stock of residential properties at 340 as of the end of January which is bucking the trend in many other Ontario markets. However, with higher end of the market accounting for two-thirds (66%) of residential sales the Average Sales jumped to a new high of $636,422 representing a 26.37% increase over last January’s $503,609. When compared to the annualized rate $552,177 of 2021 this is a more modest gain of 15,26%, more in keeping with where the market will end up for 2022. Please note that the supply side (listings) met demand for sales (sales declined 4.59% in January) so that continues to be a good news story.
Originally aired, February 10, 2022, LIVE On Facebook.
