May 16, 2022 11:19am
For the second consecutive month this year, housing sales in Windsor-Essex dropped, this time by almost 19 per cent.
The Windsor-Essex County Association of Realtors’ monthly statistics shows how 586 properties changed hands in April compared to 723 a year ago.
Sales were also down in March by over five per cent.
The dip doesn’t seem to have convinced homeowners to hold off on putting their property up for sale. Market activity climbed 12.58 per cent last month and is up over 15 per cent so far this year over 2021.
Meanwhile, the average price jumped again in April, climbing from $574,014 during that month last year to $692,759, an increase of 20.69 per cent.
So far this year, the average housing price has climbed 31.54 per cent from this time in 2021.
New home construction inched upwards in Windsor-Essex last month as ground broke on 195 units. That is a seven per cent increase over April 2021 as construction started on 183.
Construction on single-detached homes didn’t change, but it increased by ten per cent on all other units.
Across Ontario, housing starts dipping 23 per cent, but it was unchanged across Canada.