February 2020 stats have just been released by the Windsor Essex County Association of Realtors. Compared to February 2019, we saw a slight increase in both the number of New Listings (Market Activity), and in the number of Sales. Due to the low inventory we are still seeing multiple offers on the majority of listings, and sales prices well over asking. We saw another large jump in the Average Residential Sales Price compared to February 2019 coming in at $386,265 with less than 2% of sales under $140,000. The most popular style of home sold in February 2020 was the Bungalow with an average price of $319,036.
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