A steady rise in the number of homes listed for sale across Windsor-Essex.
The Windsor-Essex County Association of Realtors is reporting that year-to-date listings are up 12.2 per cent with 12,512 available listings so far this year.
The monthly report from WECAR also finds a 3.2 per cent year-over-year decrease in available listings in November, with 830 homes on the market compared to 858 in November 2024.
President of the Windsor-Essex County Association of Realtors Julianna Biondo says they have a surplus of listings right now, bringing us into a 'balanced market.'
"Depending on where you're at in the market, we're still pretty segmented. If you're under $600,000, you can still see a seller's market territory, and above $600,000, you're in a buyer's market territory," she says.
Biondo says sales are down compared to this time last year, which she blames on hesitancy in the market.
"We're at double-digit unemployment right now in the city. We've got the uncertainty of what's going on down south. Life is just more expensive right now, and people are holding on to that dollar a little tighter," she says.
Year-over-year sales are down, with 370 homes sold this past November compared to 397 in November 2024, a 6.8 per cent decrease.
Year-to-date sales are also down 2.2 per cent with 4,722 homes sold so far this year compared to 4,832 by this time in 2024.
Biondo says overall what she's been seeing is consistency in the market, especially over the past three months.
"Things really haven't changed all that much, a percent here or there. Overall, we're still in a very healthy market for anyone who is looking to upgrade to that next-level property and still reap the benefits of selling in a seller's market in your entry-level home," she says.
The average sales price was $552,391 in November, a 5.6 per cent decrease over the average price of $585,287 in November 2024.
Year-to-date, the average sales price is $571,581, down 1.1 per cent from the average price of $578,023 posted by this time last year.