BUCKINGHAM REALTY (WINDSOR) LTD. MARKET WATCH
Windsor-Essex County Residential Market
For the Period Ending September 30, 2012

During the nine month period ending September 30, 2012 there were 3,951 residential sales in the market place this compares to 3,795 residential sales for the same period in 2011, an increase of 4%.
As of September 30, 2012 there were 7,340 residential listings received this compares to 7,605 in the same period for 2011, this is a decrease of 3% in residential listings received.
The sales to listings ratio (listings sold expressed as a percent of listings received) for the period was 54% in 2011 it was 50%.
The inventory of the active residential listings as of September 30, 2012 was 2,662, this compares to 3,012 in 2011. This is a decrease of 12% in active residential listings.
The number of months of inventory represents the number of months it would take to sell current inventories at the current rate of sales activity, and is a further measure of the balance between housing supply and demand. It currently stands at 6 months. In September 2011 it was 7.3 months.
The average residential selling price was $176,001 for the 9 month period ending September 30, 2012. This is an increase of 4% from 2011.
The average listing during the period took 75 days to sell (74 in 2011) and sold for 95% of the list price.

For a similar report of statistics about condominiums sales, contact one of our sales representatives.

Statistics are provided courtesy of the Windsor Essex County Real Estate Board.

Buckingham Realty (Windsor) Ltd.