Market Update: October 2021 Stats and News

The Windsor real estate market remains brisk and the release of the October 2021 statistics illustrates this. While the move to the fall typically brings a seasonal slow, the cost of houses continues to rise in the region. Those looking for Windsor homes for sale and searching high and far for houses for sale in Windsor, or the surrounding Greater Windsor Area with their Windsor REALTOR® are most likely not shocked by this news. The average sales price of a home in Windsor Essex County for the month of October was $565,278 this year. For October 2020, it was $429,116. That’s an increase of 31.73 per cent year over year for the same month.

Jump Realty’s Broker of Record and the President of the Windsor Essex County Association of REALTORS® (WECAR) talked about this month’s stats. “We know that 2020 was a great year for real estate here. 2021 has been phenomenal as well. We’ve got less listings available and that’s helping increase that average sale price.” The total of monthly listings was 855, which is up 2.4 per cent from 835 in October 2020. At the time of the report, there were 674 available listings.

There were 658 properties sold in October 2021, compared to 752 properties sold in the previous October, a 12.5% decrease year over year for the month. Winney says this number is deceiving however. “Let’s also bring it back to the last four years. The number we’ve experienced this past October, very normal, so the last four years we’ve had very similar sales.”

The most popular style of homes sold this past month were the following: Bungalow (142), 2 Storey (116), 1 ½ Storey (81), Raised Ranch (75), and Ranch (73).

Here at Jump Realty our agents will give you honest advice on what course of action is best for you in their professional opinion and will always put taking care of your best interests first! With offices in Windsor, Tecumseh, Kingsville, and Chatham, no matter where you are, a Jump agent is ready to help. Please contact us for any housing needs and let us give you a better real estate experience!