The Windsor-Essex real estate market experienced notable shifts in April, with a further increase in available listings and a continued dip in sales activity. The average home price so far this year stands around $573,923, remaining slightly higher compared to the same period last year.
The broader housing market continues to face unpredictability in what is generally one of the most active spring market months for real estate in Windsor and Essex County.
April delivered one clear message: choice is back.
- Sales slipped year‑over‑year in most big cities, including Windsor-Essex
- The Number of Listings jumped almost everywhere.
- Prices stayed flat or fell slightly, depending on your location and price point.
- The result? A more balanced playing field.
Interestingly, the core market fundamentals have improved rather than deteriorated. Interest rates have significantly decreased, inventory levels have risen, and average home prices are showing signs of softening. The current hesitation among buyers largely stems from economic uncertainty and natural concerns over job stability. Notably, a recent survey highlighted that 72% of potential homeowners had targeted entering the market when interest rates reached 2.75%, a milestone recently achieved.
For sellers, increased inventory translates into longer market times, underscoring the importance of proper pricing and a robust marketing strategy to effectively reach potential buyers. Buyers, on the other hand, have not disappeared but are strategically waiting for clearer economic signals. Currently, less buyer competition presents a valuable opportunity for those ready to buy, offering greater negotiating power and more favorable terms.
Buying or selling, if you’re contemplating a move, now is the ideal time to prepare—not necessarily rush, but be ready. Getting pre-approved will help you determine your budget, secure advantageous rates, and position you to act swiftly when the perfect home hits the market. Timing the market is tricky but when confidence returns—and it will—activity can ramp up fast! (remember the pandemic?) Being prepared now can help you avoid heightened competition and potential price increases when market confidence fully returns.
Whether your real estate goals are immediate or in the future, it’s never too early to gather information and prepare. Don’t hesitate to reach out—we are happy to chat anytime.
Thinking about buying or selling your next home in Windsor or Essex County? Contact The Dan Gemus Real Estate Team today for expert advice and a free home evaluation
About The Dan Gemus Real Estate Team
The Dan Gemus Real Estate Team is a top trusted real estate team located in the heart of Windsor and Essex County, ON, offering exceptional service and expertise with helping clients successfully buy and sell homes and navigate the homebuying and selling process in Windsor and Essex County with ease. With a proven track record of success and deep roots in the community, The Dan Gemus Team is committed to helping clients achieve their real estate goals with integrity, professionalism, and a client-first approach. Whether you’re thinking of buying, selling, or investing, we’re here to guide you every step of the way. Tune in to The Dan Gemus Real Estate Show for expert insights and Windsor and Essex County market updates, and don’t forget to explore our exclusive VIP Perks Program, offering incredible discounts and benefits from local businesses. Discover how we can make your real estate journey exceptional at DanGemus.com.
This blog is intended for informational purposes only and not intended to replace legal or financial advice, nor is it intended to solicit those under contract with another brokerage.
