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.
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.
Bungalows continued to be the most popular style of home in Windsor and Essex County, followed by 2 storey homes, 1 ½ storey homes and raised ranches. Apartments and condominiums continued to be a popular choice for buyers, and saw an increase in their average price compared to the previous year as well.
Are you looking to buy or sell a home? Talk to Royal LePage Binder Real Estate about how we can help you achieve your real estate goals. With over a hundred agents, fifteen teams and five offices across the region, we know the local market and have the experience to guide you through your next purchase or sale of a home. To get started or to find out more, contact us today.
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