Real Estate Market Update, for September in Windsor Ontario and  Essex County Information, for Buyers and Sellers.

Looking to purchase or sell a home, in Windsor Ontario and  Essex County ? You're in the spot! This blog dives into the real estate figures for the month of September. Offers useful information to guide your decision making process, whether you're a newcomer to the housing market or a seasoned seller seeking market insights to stay informed and updated on current trends, in the real estate industry.



This month marks a period of growth, in the Windsor Ontario and  Essex County real estate market with trends worth noting.

There are 834 homes currently listed on the MLS platform indicating that new properties have become available, in the market.
During that time frame, a total of 280 houses were purchased by buyers.
There are 49 expired listings and 361 canceled listings, with many being relisted at prices due, to expectations.

Typical Costs of Homes
The typical cost of a house is still robust, at around $584K. Has been consistent within the $575K, to $585K bracket recently. There's a possibility that by October the prices might increase to $600K in case there is a 0..5 percent interest rate cut from the Bank of Canada.


When it comes to selling a house in the market it's important to stay patient and set the price strategically Remember these key points;
Set the price in line, with market trends to attract buyers as many listings that don't sell are often due, to overpriced homes.
In areas and conditions, with levels of motivation from the seller involved in the process of selling homes can result in sales occurring under or close, to the listed price range offered for them.
Being patient is crucial, in the housing market as homes are selling. Are taking longer to find buyers than they used to—especially in the higher price brackets.
"On average " it usually takes about 25 days to sell a house in a market where **three homes** are listed for every home sold – this balanced ratio benefits both buyers and sellers.


Looking to make a purchase, in the range of $299K to $399K? Be prepared for some competition as homes, in this price bracket typically fly off the market fast because of the demand they attract! Here's a few things you might want to think about;
Make sure to act once you discover a house that aligns with your preferences regarding location and condition while fitting within your budget.
"Take into account the reasons, behind the sellers actions"; Certain sellers may be more open to bargaining with you if they are, in a rush to make a sale."
The housing market is starting to out which means there will be a selection of new homes available for buyers to consider; however certain price brackets remain highly competitive.


Attention, to all individuals, in purchasing or selling condominium properties. Check out the recent data available;
In September a total of 71 condominiums were listed for sale while 16 condominiums were successfully sold during that time period.
The typical cost of a condo is, around $387k, on average. Has a price of approximately $354k.
On average it takes 68 days to sell a condominium in the market. For every condominium sold approximately 2 condos are listed for sale as well.A key aspect, in the market is having patience. Setting prices realistically.

"What You Can Anticipate in the Future"
We anticipate that the market will maintain equilibrium throughout the remainder of the year with an influx of homes and condominiums offering buyers increased choices; however; competition is expected to remain robust in the lower price range segments Buyers should be vigilant, in pricing their properties correctly and exercising patience to ensure a successful transaction when selling their homes or condos.


Currently available are five year fixed rate mortgages, at a rate of 4 19% though the rates may differ based on your payment amount A 25 year insured mortgage (for payments, below 20%) will secure you the lower rate mentioned earlier But opting for larger down payments could result in higher rates Before making your decision ensure you have a clear grasp of your monthly expenses and how they will transition when you shift from renting to owning a property


Whether you're looking to purchase or sell a property, in Windsor Ontario and  Essex County  market now can significantly impact your decision making process for the betterment of your real estate endeavors. Should you have any inquiries. Require assistance along the way feel welcome to get in touch with us at any time. We are dedicated, to assisting you in navigating the market landscape and reaching your real estate aspirations.  

Stay in the loop with the updates by subscribing to our newsletter or connecting with us on social media for the newest trends and insights, in the real estate market of Windsor Ontario and  Essex County .

Feel free to get in touch with us! Let us know if you have any questions or need assistance. Thank you!
Feel free to reach out to us if you're considering buying or selling a property or if you need any advice at all. We're here to assist you in making informed real estate choices on a basis just like yours.

Looking for your place to call home? Reach out via phone or email to get started today!