September 2018 stats have just been released by the Windsor Essex County Association of Realtors. Comparing September 2018 to September 2017, we have seen an increase in the number of new listings (Market Activity), but new listings has slowed a little compare to last month. The amount of Sales was up slightly, but as you will notice from the chart, they were down significantly from last month. This is typical for September, as school has just started, and many people have focused on those priorities.
We are still experiencing an inventory shortage. Listings are still low, and the amount of buyers still remains high. Multiple offers are still for norm on the vast majority of properties, and this has driven up the Average Sales Price. For September 2018 we saw an average residential sales price of $301,966, and year-to-date we are at $298,449.