2018 RE/MAX HOUSING MARKET OUTLOOK REPORT

HousingMarketOutlook2018

2018 RE/MAX HOUSING MARKET OUTLOOK REPORT

Where will Windsor/Essex be in 2018? RE/MAX 2018 Housing Market reports it will still be a SELLER’S MARKET, with an expected 9% increase in average sales price.

A strong local economy in Windsor-Essex, coupled with nearby Detroit’s own ongoing economic turnaround, contributed to an active residential real estate market in 2017. Low inventory levels as a result of strong demand have led to a seller’s market in the region and this is expected to continue into 2018. Windsor-Essex’s luxury market is expected to experience continued strong growth in 2018 as well, with new-home construction projects in high demand, particularly amongst move-up buyers. Retirees and downsizers are an active segment of the market, often looking for townhomes or one-story detached homes, and are attracted to the region due to its affordability and typically mild winter weather.

 

2018HousingMarketOutlook