October 5, 2022 6:00pm
Home sales in Windsor-Essex have continued to show significant declines in 2022, compared to the year before.
The Windsor-Essex County Association of Realtors (WECAR) has released its home sales report for September, showing for the third month in a row a steep drop in sales year-to-year.
Sales in Windsor-Essex dropped 41.9 per cent compared to September 2021, with 403 units sold this year compared to 694 last year.
Market activity in Windsor-Essex also went down in September year-to-year, with 885 listings and an almost 15 per cent decline from 2021. Market activity in 2022 as a whole, however, is still up 17.7 per cent from 2021, with a total of 9,686. At the time of the report, there were 1,457 active listings in the region.
The average price of a home for sale in Windsor-Essex went slightly down in September, to $523,928, down 4.8 per cent from $550,763 the same month in 2021. That figure was stabilized since the average price began to decline in March of this year.
The complete report for September 2022 can be found on the WECAR’s official website.
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