October 2025 Windsor Ontario Essex County and Chatham Ontario Real Estate Market Recap

by Kris Ramotar

The October 2025 Windsor Essex County real estate market brought several key shifts that every home buyer and seller should understand. From new market stats to the impact of the latest Bank of Canada rate cut, this month’s data paints a clear picture of where our local housing market stands.

Market Snapshot: Homes

In October, 1189 homes were listed on MLS, with 454 homes sold during the same period. The average sale price came in at $565,000, while the median sale price was $515,000.

There were 128 expired listings and 582 cancelled listings, showing that while many properties are moving, realistic pricing and preparation remain critical. The average time to sell a home held steady at 28 days.

Market Snapshot: Condos

Condo activity showed a slower pace compared to detached homes. A total of 115 condos were listed, but only 30 were sold during the same timeframe. The average condo sale price reached $416,000, with a median of $382,000.

With 8 expired and 72 cancelled listings, the condo segment continues to face challenges. Many developers are now leasing new units instead of selling to stay profitable, waiting for the market to balance before releasing more inventory.

Interest Rate Cut and What It Means for You

The Bank of Canada’s interest rate cut from 2.5 percent to 2.25 percent has real implications for both buyers and sellers. For buyers, borrowing has become slightly cheaper, especially for those with variable rate mortgages. Lower rates can translate into smaller monthly payments and more flexibility for pre-approvals.

For sellers, this rate drop can bring more motivated buyers into the market. With financing costs easing, competition for well-priced homes could increase, leading to faster sales and better offers.

However, Kris Ramotar emphasizes that while lower rates help, the real success still depends on pricing and presentation. Homes that are clean, move-in ready, and priced aggressively remain in highest demand.

The Hottest Price Range Right Now

Homes priced between $299,000 and $600,000 continue to dominate buyer interest across Windsor, Essex County, and Chatham Ontario. These properties often attract multiple offers and can sell for above list price—especially if they are well maintained and located in desirable neighborhoods.

A recent example shared by Kris Ramotar involved a South Windsor ranch listed for $600,000 that received eight offers and sold firm for $688,000. The takeaway is clear—buyers are still willing to pay a premium for homes that check all the right boxes.

Advice for Buyers

If you’re planning to buy, this is a good time to take advantage of lower mortgage rates and increased inventory. Buyers with strong job security, good credit, and solid down payments can find real opportunities right now.

Kris recommends:

Getting pre-approved before house hunting.
Having your documents and budget ready.
Creating a clear list of must-haves such as location, home type, and school district.

When you are ready and prepared, you can act fast when the right home appears—especially since the best listings often sell quickly and with minimal conditions.

Advice for Sellers

For homeowners thinking of selling, realistic pricing and presentation are key.

Here’s what Kris Ramotar advises:

Confirm that your numbers make financial sense before listing.
Speak with your bank to understand mortgage penalties, bridge costs, and transfer taxes.
Ensure your home is clean, staged, and move-in ready.
Price your home slightly below competitors to attract maximum attention.
Be patient—well-prepared homes always find the right buyer.

Remember, homes that sit on the market too long tend to lose value and buyer interest. As Kris puts it, “Price fixes everything—but only if you’re realistic and ready.”

What to Expect Moving Forward

While the average time to sell remains around 28 days, many homes are relisted, so the true time frame can be longer. Homes that are priced right and marketed well are still moving fast, sometimes within a week.

For those sitting on the fence, now may be the right time to make a move—especially if you’re financially stable and ready for the next chapter.

Final Thoughts from Kris Ramotar

The Windsor, Essex County, and Chatham Ontario markets are still full of opportunity for both buyers and sellers. Lower interest rates, stable prices, and motivated sellers are creating windows of value. The key to success in this market is to plan ahead, stay informed, and act confidently.

If you’re thinking about buying, selling, or relocating within the area, reach out for a free consultation. Kris and his team have helped countless families move with confidence and would love to help you next.

Contact Kris Ramotar, Windsor Ontario and Essex County Realtor, for your free home evaluation or personalized buying strategy today. Learn what your home is worth, explore current listings, and make your next move with confidence.