The Windsor-Essex County real estate market has seen a robust start to the fall season in 2024, with increased activity and rising home prices reflecting a resilient market. Whether you’re considering buying, selling, or investing, the latest numbers from September provide valuable insights into local market dynamics. Here’s a breakdown of the key trends for September 2024.

Market Highlights

1. Market Activity on the Rise
   The Windsor-Essex real estate market activity in September saw a significant surge, with a 23.52% increase compared to the same month last year. Year-to-date activity is also up by 11.72%, showing sustained growth throughout 2024.

2. Sales Trends

   • September Sales: Sales for September were up by 8.48% year-over-year, indicating a healthy level of demand in the region.
   • Year-to-Date Sales: Despite strong activity in September, the total sales year-to-date have slightly declined by 0.48%. This minor dip highlights some shifts in buying patterns earlier in the year, yet overall demand remains steady.

3. Average Home Prices Continue to Climb

   • September’s Average Price: In September 2024, the average home price reached $579,290, marking an 8.20% increase from September 2023, when the average price was $535,376.
   • This trend reflects growing home values and signals a good opportunity for sellers looking to capitalize on the current market climate.

What These Numbers Mean for You

For sellers, rising average prices and increased market activity mean a competitive environment where homes are likely to attract interest. Pricing strategically will help you maximize your return.

For buyers, while prices are up, there is still value to be found, especially as market activity shows strong momentum heading into fall. Partnering with an experienced real estate agent can help you navigate these rising prices and identify properties with strong long-term value.

Ready to Make Your Move?

The Windsor-Essex County market is bustling, and opportunities are everywhere. If you’re considering a move or simply want to learn more about what these market trends mean for you, I’m here to help! Contact me today to discuss your goals, answer your questions, and explore how to make the most of this dynamic real estate landscape.

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