Courtesy of Annette O'Neil

Windsor-Essex County MLS ® home sales rebound in October

$569,517 residential

UP 7.9% year-to-year

AVERAGE PRICE

1,712 ACTIVE LISTINGS

506 SOLD LISTINGS

44.0% SALES TO NEW LISTING RATIO

1,149 NEW LISTINGS

3.4 MONTHS OF INVENTORY

Windsor-Essex County, November 2024 – The number of homes sold through the MLS ® System of the Windsor-Essex County Association of REALTORS ® totaled 506 units in October 2024. “October saw a strong bounce back in sales compared to September, posting more than 500 sales for the sixth time in the past seven months. However, despite a solid influx of new listings, sales totals are still tracking below the long-term averages for this time of year,” said Maggie Chen, President of the Windsor-Essex County Association of REALTORS ® . “The number of newly listed properties in October outpaced sales by more than 2 to 1, leaving overall inventory levels well above historic norms. On the pricing front the MLS ® HPI Benchmark Price held steady, rising marginally for the third consecutive month. With ample supply and borrowing costs coming down, now could be the perfect opportunity for savvy buyers and sellers to find great deals.” The average price of homes sold in October 2024 was $569,517, a moderate gain of 7.9% from October 2023. There were 1,149 new residential listings in October 2024. Active residential listings numbered 1,712 units on the market at the end of October. Months of inventory numbered 3.4 at the end of October 2024. Statistics reflect market activity in October 2024 | Source: Windsor-Essex County Association of REALTORS ® . Market values stated are of the average of Windsor-Essex County. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up to date evaluation of your home.

COLD AND FLU SEASON As we all know, getting a flu shot is a highly recommended way to prevent the flu this time of year. In addition to preventative vaccines, health experts remind everyone to take these preventative measures to avoid picking up a cold or flu: 1. wash your hands regularly and thoroughly (for at least 20 seconds with lots of soap and scrubbing) 2. ensure you're eating a balanced diet 3. drink enough fluids so you're not dehydrated 4. prioritize sleep; aim for seven to eight hours each night 5. reduce stress to keep your immune system in tip top shape 6. exercise daily If you do happen to catch a cold or flu, stay home and away from others to avoid spreading your germs. Cover your nose and mouth when you cough or sneeze with a tissue or the crook of your elbow and wash your hands or use hand sanitizer often.

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