Taking a look at the Real Estate Market in Windsor Essex, Owner and Broker of Record Frank Binder sits down with our host, Dom Papa from WE Digital Productions, to chat about the latest trends and more for June 2022.
The discussion includes: • Sales plunge in June dropping 27.91% • Increased interest rates of 1% • 315 homes sold over $550k (55% of sales) and 253 homes under $550k (45% of sales) • Highest price category is the $550,000 to $599,999 with 65 units. • Lower demand in over $1M category - 29 homes sold over 1M c/t 48 last month. • Increase of 1,557 listings taken amounting to a 35.39% increase over the 1,150 listed last year • June ended with an inventory of 1,450 units available for sale. • We can expect longer days on market and price decreases going forward.
*Originally aired LIVE ON FACEBOOK on July 14, 2022*
