Q3 2023 Windsor-Essex Real Estate Statistics

For the third quarter of 2023 (July through September), the Windsor-Essex real estate market became a more balanced market compared to the first quarter of the year in 2022:

• The number of homes sold was down 19%
  

• The number of listings decreased 15%
  

• The average price of a home decreased over Down 11.37%
  

• The percentage of listings that sold was down from 50% to 48% 
  

Q3 2023 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 2023:

• Listings were down around 19% over last year, Windsor continues to be an attractive market for buyers.
  
  
• Buyers are paying less compared to the same time last year.
  
  
• The majority of homes that sold were under the average sales price, showing that there is still a market for starter and more affordable properties
   
  
• We saw a balanced market in the third quarter with 48% of homes selling compared to 50% during the same period last year.
  
  
• The average price of apartments/condominiums was also down, declining over 22%.
  

Most Popular Housing Styles for Windsor-Essex County Homebuyers

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 raised ranches, ranches, bungalows and 1 1/2 storey homes.

Contact Royal LePage Binder for Help With Navigating the Housing Market in Windsor and Essex County

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!