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%
To give you further insight into the real estate market conditions for the first quarter of 2023:
Bungalows continued to be the most popular style of home for buyers, followed by 2 storey homes, ranches, 1 1/2 storey homes, and raised ranches. The highest average sales price belonged to 2 storey homes, followed by ranches, raised ranches, 1 1/2 storey homes and bungalows.
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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