Taking a look at the Real Estate Market in Windsor Essex, for JANUARY 2024
Residential Sales: January 2024 residential sales is almost a “mirror” of last January with 276 homes sold for the month.
Homes Sold Under and Above the Median Price ($550,000): Homes sold under the median price continue to dominate with over 60% of the total market. Only 7 over $1M homes sold in January.
Average Sales Price, both Annually and Monthly: January’s average sales price of $534,655 is up 3.38% over last year but within the range of the last 6 months.
Most Popular Style of Home: While bungalows and ranches were slightly down all other categories were up for January.
Monthly Residential Sales %: Monthly residential prices have slightly increased by 5.34% for the first time since August of last year.
Annual and Monthly Sales/List Ratio: The Annual Sales/List Ratios of 45% continues has remained constant for over 12 months.
Residential Listings: Residential Listings jumped substantially from last month but were up just slightly over January of 2023.
Active Listings: Active Listings available for sale at the end of January are just slightly more than last month and represent about a 2-month supply which bodes well for our market stability.
Average Day on the Market: While the average days on market increased to 36 days this is still close to the monthly average we’ve seen all of last year.
Monthly Condominium Sales: We had 59 monthly condominium sales for January, up over December and right back to the sales averages we’ve seen since September of last year.
Royal LePage Binder is committed to providing content and data illustrating the rapid changes occurring in the #yqg market, as shown in the below downloadable PDF:
