Windsor & Essex County Real Estate Stats – August 2017

Aug2017Stats

Windsor & Essex County Real Estate Stats – August 2017

The August 2017 stats have just been released by the Windsor Essex County Association of Realtors.

In August 2017 we saw decline in Sales for the 2nd month in a row. Sales were down 3.3% from the previous month, and down 2.93% compared to August 2016. Listings in August 2017 were down slightly from the previous month, which is typical for this time of year, but up 3.11% compared to August 2016.

More Listings and Less Sales could be in indication of the market beginning to change. While we are still a long way from a balanced market, it can change quickly due to other factors, such as rising bank interest rates.

The average Residential price Year-to-Date has dropped a few thousand over the past 3 months but seems to be holding steady in the $265,000 range.

The Bungalow/Ranch is still the most popular style of home being sold.

 

 

YEAR TO DATE

Year-to-Date stats show Market Activity (Listings) are UP 1.12%, with Sales UP 4.24%, and the AVERAGE PRICE UP 16.57%