A look at the Real Estate Market in Windsor Essex County, for MARCH 2024
Residential Sales: Residential Sales dropped over 10% this month as inflation continues its negative effect on Buyers.
Homes Sold Under and Above the Median Price ($550,000): Home below median outpaced those above but we note increase strength of the upper market. 15 homes sold for over $1M.
Average Sales Price, both Annually and Monthly: Bungalows outsold all other styles of homes followed by 2-stories, ranches, raised ranches and one and one-half storey.
Most Popular Style of Home: While Bungalows and ranches were the homes of choice this month every style of home, except raised ranches were up in average price.
Monthly Residential Sales %: While residential sales were down in March, sales are still up for the year by 2.6%.
Annual and Monthly Sales/List Ratio: Annual Sales/List ratios have remained static for the last year and is holding firm at 49% within a balanced market.
Residential Listings: Residential Listings are up about 2% over last year but expect this to increase as we head into the Spring Market.
Active Listings: The supply of active listings grew to 1240 homes or about a 3-month supply.
Average Day on the Market: Average Days on Market dropped slightly with steady buyer demand and listing supply.
Monthly Condominium Sales: Monthly condo sales bounced up to 83 units for March bucking the trend set last September.
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:
