LIVE STREAM - FEBRUARY 2022 MARKET UPDATE W/FRANK BINDER

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 February 2022.

Prices continue to climb across the Windsor Essex region. With the higher end of the market again accounting for almost two-thirds (62.6%) of residential sales, the Average Sales jumped to a new high of $677.270 representing a 36.98% increase over last February’s $494,415 average.

With strong demand from out-of-towners, who are moving here we should expect the Sales/List ratio to remain firmly in the Seller favor for the oncoming months. With the suggested higher interest rate increase finally announced we will have to wait and see if there is affect on the demand side of our market. However, early evidence is that it will remain robust.

 

Originally aired, March 10, 2022, LIVE On Facebook

 

 

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