The year 2020 began in Windsor-Essex like 2019 did, as a seller's market.
According to the January 2020 sales figures from the Windsor-Essex County Association of Realtors (WECAR), released on Tuesday, the total amount of monthly listings is down from the year before. Yet, the average price of a home is still going up.
The January figures showed that the total of monthly listings for January 2020 was 536, down almost 6.8 per cent from the year before. However, at the time WECAR released the sales report, there was a total of 760 listings in Windsor-Essex.
A total of 301 properties were sold in January, a 21.6 per cent decline from the 384 sold in January 2019.
The average price of a home for sale in Windsor-Essex last month was $379,813, compared to January 2019 when the average price was $304,333. This represents a 24.8 per cent price increase.
Two-storey homes were the most popular in the region in January with 58 sold. Ranch-style homes were close behind with 54 changing hands, followed by bungalows at 47 sold, raised ranches at 39 sold, and one-and-a-half-story homes with 36 sold.