Housing Sales Increase In May

BlackburnNews.com file photo. (photo by Adelle Loiselle)

For the first time in 2014, the number of homes that changed hands in Windsor-Essex ticked upwards with a 2.71% increase over May 2013.

The latest report from the Windsor-Essex County Association of Realtors says 531 homes were sold last month, compared with 517 in May of last year.

The figures for sales so far this year continue to show a downward trend, although the drop isn’t as pronounced as previous months. So far this year, sales are down 9.97%. That compares to a decline of 30.65% in January over January 2014, and 24.01% decrease in February.

The average price of a home dipped 1.07% in May to $185,982 but had increased by 2.49% so far this year.