Windsor’s Housing Market Posts Strong June Sales

Wednesday, July 16, 2014

The Windsor Star/Grace Macaluso

With the average sales price on the rise, the Windsor-area’s housing market posted its strongest June sales since 2011, according to the Canadian Real Estate Association.

On a seasonally unadjusted basis, residential sales last month totalled 526 — up from 497 in June 2013, said Gregory Klump,  chief economist at CREA.  On a monthly basis, sales fell slightly last month compared to May, 2014, however, listings also fell, creating a “tight market,” said Klump. “Both sales and listings fell in tandem, so it’s skirting with a seller’s market. You have strong demand in the face of a shortage of supply; if you’re a seller, you’d be pleased with the way the market shaped up in June.”

Bill Courtney, president of the Windsor-Essex Country Association of Realtors said the average sales price in June was $203,172, up from $187,000 in June, 2013. “The most popular model is still the bungalow ranch style of housing,” said Courtney. Most sales fell into two price categories, from $140,000 to $160,000 range and from $160,000 to $180,000 range, said Courtney. [Read More]