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%
To give you further insight into the real estate market conditions for the second quarter of 2022:
Bungalows continued to be the most popular style of home for buyers, followed by 2 storey homes, ranches, raised ranches, and 1 ½ storey homes. The highest average sales price belonged to 2 storey homes, followed by ranches, raised ranches, bungalows, and 1 ½ storey homes. Apartments and condominiums continued to be a popular choice for buyers this quarter, seeing a significant increase in their average sales price compared to the same time last year.
If you’re looking to buy or sell a home in Windsor, Tecumseh, LaSalle, Lakeshore, Amherstburg, Essex, Leamington, or Kingsville, contact Royal LePage Binder Real Estate today. We have five offices conveniently located across the area, and have over one hundred agents and fifteen teams who are ready to help you achieve your real estate goals. Let us put our knowledge and experience in the Windsor-Essex real estate market to work for you!
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