April Real Estate Market Data

Market data for the month of April from the Windsor Essex County Real Estate Board was released on Tuesday.   It shows a continued momentum from the gains made in the first quarter of 2012.  Total inventory remains relatively flat with YTD listings down only 0.50%.  As of the end of April, there were 3195 listings compared to 3211 in 2011.  YTD sales tho ugh are up 12.38% and YTD average price is up 8.26% at $170,839.  In sum, we see a slightly declining inventory coupled with increased sales and higher average price.  This is a positive indicator for those considering placing thier home on the market.

Delving a little deeper into the figures, it is worth noting what type of home buyers have been looking for.   YTD, the highest number of homes have sold between $140,000-$179,999.  In the month of April, more buyers looked to ranches and raised ranches than other design types.  However, the sale of 2 storey homes increased 76% from April of last year.  This type of home also brought with it the highest average sale price in  April 2012 at $254,411 which is a 24% increase over the same period in 2011.

To view the interactive data provided by the Windsor Essex County Real Estate Board please click the link provided.  To view some of the more detailed data the board provides us or to discuss what this data means for your propery, please fill out the contact us form provided or call our office at 519-326-6154.