December 2016 stats have just been released by the Windsor Essex County Association of Realtors. We saw 304 new residential listings which was down 4.7% compared to December 2015. Sales were up a staggering 18.73% compared to December 2015.
In 2016 we saw a 1.69% increase in listings, while Sales for the year were up a total of 10.41%. What does this mean? Basically, the same amount of homes coming on the market, more are selling, which translates to less inventory and rising prices.
The 2016 Residential Average Sale Price was $225,906, which is up 12.47% from 2015’s average sale price of $200,867.