Quarterly Market Reports

Q1 2023 Windsor-Essex Real Estate Statistics For the first quarter of 2023 (January through March), the Windsor-Essex real estate market moved further into a buyer's market compared to the first quarter of the year in 2022: The number of homes sold was down 44% The number of listings decreased 8% The average price of a home decreased over 22% The percentage of listings that sold was down from 76% to 47%  Q1 2023 Insights for Real Estate in Windsor and Essex County To give you further insight into the real estate market conditions for the first quarter of 2023: Moving into spring, more homes are starting to hit the market. Listings were up in March over February, but down around 20% from March 2022 With prices falling, more buyers are expected to get back into the market as this year goes on The majority of homes that sold were under the average sales price, showing that there are still a market for starter and more affordable properties   The number of listings was down slightly, but the sales-to-listing ratio dropped significantly…

Q4 2022 Windsor-Essex Real Estate Statistics For the fourth quarter of 2022 (October through December), the Windsor-Essex real estate market moved further into a balanced market, compared to the final quarter of the year in 2021: The number of homes sold was down 26% The number of listings increased 12% The average price of a home increased over 11% The percentage of listings that sold was down from 75% to 50%  Q4 2022 Insights for Real Estate in Windsor and Essex County To give you further insight into the real estate market conditions for the fourth quarter of 2022: Higher interest rates, including the potential for further increases, is keeping some buyers out of the market The majority of homes that sold were above the average sales price, showing that there are still properties that are drawing interest on the hihger end of the market and some that are attracting multiple bids   Residential listings remained strong with 11,588 taken so far this year compared to 10,379 at the same point last year. The sales-to-listing ratio…

Q3 2022 Windsor-Essex Real Estate Statistics For the third quarter of 2022 (July through September), the Windsor-Essex real estate market moved further into a balanced market. Compared to the third quarter of the year in 2021: The number of homes sold was down 19% The number of listings increased 18% The average price of a home increased over 16% The percentage of listings that sold was down from 72% to 50%  Q3 2022 Insights for Real Estate in Windsor and Essex County To give you further insight into the real estate market conditions for the third quarter of 2022: The higher interest rate remains among the factors contributing to keeping buyers out of the market The majority of homes that sold were below the average sales price, showing that buyers are finding great opportunities in the Windsor-Essex market   Residential listings remained strong with 9,686 taken so far this year compared to 8,225 at the same point last year. The sales-to-listing ratio dropped significantly from Q2 2021, down from 72% to 50%.  A greater supply…

Q2 2022 Windsor-Essex Real Estate Statistics For the second quarter of 2022 (April through June), the Windsor-Essex real estate market started to move away from being a seller’s market while still maintaining demand for the available homes. Compared to the second quarter of the year in 2021: The number of homes sold was down 9% The number of listings increased 25% The average price of a home increased over 24% The percentage of listings that sold was down from 75% to 55%  Q2 2022 Insights for Real Estate in Windsor and Essex County To give you further insight into the real estate market conditions for the second quarter of 2022: Sales dropping can be attributed in part to the increase in the interest rate and buyers having to exit the market because they no longer qualify for a mortgage that would allow them to purchase a home that meets their needs.   The majority of home sales were over the $550,000 mark, with 1,071 homes selling over that number and 753 selling under that price point.   Residential listings remained strong…

Q1 2022 Windsor-Essex Real Estate Statistics For the first quarter of 2022 (January through March), the Windsor-Essex real estate market remained strong. Compared to the first quarter of the year in 2021: The number of homes sold, listings, and the average sales price were all up. The percentage of listings that sold was down, showing that the supply of homes for sale in Windsor and Essex County may have moved closer to meeting the demand. Q1 2022 Insights for Real Estate in Windsor and Essex County To give you further insight for the numbers we saw in Q1 2022: Sales continued to drop, likely due to Buyer’s reaction to the interest rate increase levied in early April, by a whopping 18.95% with 586 residential units sold. Sales over/under the $550,000 weighted slightly in favor of over, with 392 homes over $550,000 accounting for 63.5% of sales and 225 homes under $550,000 for the rest. Highest price category is the $800,000 to $899,999 category with 64 units followed by the $500,000 - $549,999 category with 61 units. The upper…

Q4 2021 Windsor-Essex Real Estate Statistics For the fourth quarter of 2021 (October through December), the Windsor-Essex real estate market remained very strong. The number of homes sold, the number of homes listed, and the average price of a home all continued to grow compared to the same period during the previous year.   Home Sales, Listings, & Prices in Windsor-Essex Continued to Climb in Q4 2021 The numbers show that the Windsor-Essex real estate market continues to be a strong seller's market. Demand has remained high, and sellers are benefitting from the lack of inventory as buyers have continued to pay more for the available homes. Among the most telling numbers for the fourth quarter of 2021 for the Windsor-Essex real estate market were: The number of homes sold increased by 14% (9,064 in 2021 compared to 7,770 in 2020) The number of listings increased by 15% (12,620 in 2021 compared to 10,683 in 2020) The average price of a home was up 26% ($552,177 in 2021, up from $411,077) The average homeowner equity gain was…

Q3 2021 Windsor-Essex Real Estate Statistics For the third quarter of 2021 (July through September), the Windsor-Essex real estate market remained very strong. The number of homes sold and the average price of a home, and the number of listings taken continued to climb during this period of time, while the percentage of listings that sold remained consistent with Q3 2020. Windsor-Essex Home Sales, Prices and Listings Increased in Q3 2021 The numbers show that this was another strong quarter for sellers when it comes to real estate in Windsor and Essex County. Buyers continued to pay more, and sellers benefitted from the continued demand for the available homes. Among the most telling numbers for the third quarter of 2021 for the Windsor-Essex real estate market were: The number of homes sold increased by 18.5% (5,894 in 2021 compared to 4,976 in 2020) The number of listings increased by 20.3% (8,220 in 2021 compared to 6,836 in 2020) The average price of a home was up 35.5% ($546,899 in 2021, up from $403,716) The average homeowner…

Q2 2021 Windsor-Essex Real Estate Market Stats The housing market for Windsor and Essex County remained very strong in the second quarter of 2021 (April through June), with continued demand for the available homes and a significant increase in the average sales price compared to the same time in 2020. Listings were also up considerably from Q1 2021, giving buyers more of an opportunity to find their next home. Home Sales, Prices, and Listings Increased in Q2 2021 The number of residential properties sold in the second quarter of 2021 was up 43.2%, finishing at over 5,000 homes sold for the year so far. Prices were also up significantly, increasing over 40% from Q2 2020 and bringing the average sales price of a home in Windsor and Essex County to $542,046. Listings were up by 28.4%, showing that more sellers are entering the market compared to last year. Even with this increased inventory, demand remained very high as 75% of listings sold compared to 68% at the same time last year. Most Popular Housing Styles in Windsor and Essex County…

Q1 2021 Windsor-Essex Real Estate Market Stats The first quarter of 2021 (January through March) showed that the Windsor-Essex real estate market remained extremely strong. Demand for houses continued to be high as sales and prices were both up considerably from the same time last year. Meanwhile, the number of listings remained even with the first quarter of 2020, with the relatively low number of listings combining with the significant interest in the available properties creating a strong seller’s market. Sales and Prices Increased in Q1 2021 as Listings Remained Steady The number of residential properties sold in the first quarter of 2021 was up 30.8%, finishing at over 1,600 sold for the quarter. Prices were up significantly as well - the average price of a home in Windsor-Essex was over $511,000 for the quarter, up 37.6% from Q1 2020. With the increased demand for the available properties and the number of listings sitting almost even with the previous year, 84% of listings sold compared to 64% in the first quarter of last…

Q4 2020 Real Estate Statistics for Windsor and Essex County In the fourth quarter of 2020 (October through December), we can see the demand for houses across Windsor-Essex County continued to rise as sales and prices continued to climb, while the number of listings dipped slightly from the previous year. Real Estate Sales and Prices Increased in Q4 2020 The number of homes sold in Windsor-Essex County was up in Q4 2020 over the same period in 2019, increasing by 2.4% compared to the previous year. Prices were up significantly, with the average sales price growing by 22.4% and sitting at $410,840. The percentage of listings sold was also up from the previous year with 77% of all home listings selling compared to 70% in the same period in 2019. The number of listings was down 7% from last year as the smaller inventory of homes and strong demand contributed to the increase in housing prices. Apartments and Condos for Sale Continued to Attract Buyers As interest in the available houses has increased, so too has the interest in apartments and condos…

Q3 2020 Real Estate Statistics for Windsor-Essex For the third quarter of 2020 (July through September), we can see that the market for real estate remains strong in Windsor and Essex County, and the number of listings and sales have rebounded after being down significantly during the second quarter of the year. Sales and Listings Rebounded in Q3 2020 The number of home sales for Windsor-Essex in Q3 2020 are up 18% over last year, and 77% of listings sold compared to 64% during the same period in 2019. This shows that there continues to be a strong demand for the available properties in the area, despite the challenges that many people have been facing throughout 2020.  The number of listings was very close to the same period last year, showing just a 2% decrease compared to Q3 2019. Home Prices Continue to Rise The average sale price of a home in Windsor and Essex County continues to climb, and was up 28% in Q3 2020 compared to the same quarter last year. The average price now sits at $430,320, resulting in a home equity gain of over…

Q2 2020 Real Estate Statistics for Windsor-Essex The second quarter of 2020 (April through June) is now complete, and as we look back the numbers for this period we can see the effect that the COVID-19 situation has had on the Windsor-Essex real estate market. Overall, we can see that while the number of sales and listings are down, prices remain strong and there continues to be interest in the homes for sale in our region. Home Listings and Sales Both Down The number of home sales in Windsor-Essex for the second quarter was down 32% compared to the same period last year. There were 1,334 homes sold in Q2 this year compared to 1,976. The number of listings also decreased by 33%, down from 2,949 in the second quarter of 2019 to 1,984 this past quarter. With the uncertainty that has come with the COVID-19 pandemic, we can see that fewer sellers are listing their homes, and fewer buyers are moving ahead in the current market.   Home Prices Remain Strong Although the total sales and listings are down, we can see that there is still demand…