October 2016 stats have just been released by the Windsor Essex County Association of Realtors. Last month we saw 673 new residential listings, which held steady carrying over from September 2016 (684), and a decrease of 3.30% compared to October 2015. October 2016 saw only 470 Sales, which is down significantly from 553 Sales in September 2016. That’s a 15% drop in sales comparing month to month, and down 6.00% compared to October 2015. This has been the first month in 2016 where we have seen sales lower than the previous year.
The Year-to-Date Residential Average Sale Price is up slightly to $226,468 from $226,262 (Sept 2016). Year-to-Date we are still seeing a 12.61% increase in Residential Average Sale Price.
You can view the full report here: WECAR President’s Report for October 2016