Windsor-Essex County Association of REALTORS®

The number of homes sold through the MLS® System of the Windsor-Essex County Association of REALTORS® totaled 293 units in February 2026. This was a large decline of 14.8% from February 2025.

Home sales were 25.4% below the five-year average and 31.9% below the 10-year average for the month of February.

On a year-to-date basis, home sales totaled 587 units over the first two months of the year, a decline of 12.6% from the same period in 2025.

“Not much changed in February. Sales were basically the same as January totals, but they were noticeably lower than a year ago, so it appears buyers are still taking a cautious approach. What is really shaping the market is supply. New listings dipped slightly from January and were up only marginally compared to last February, but they still came in well above what we would typically expect for this time of year. Overall inventory crept higher, remaining elevated compared to seasonal norms,” said Julianna Biondo, President of the Windsor-Essex County Association of REALTORS®. “On the pricing side, there wasn’t much movement either. The MLS HPI® benchmark composite price was essentially flat from the end of January and slightly lower than this time last year, with stronger prices in the townhouse segment helping to soften the overall dip.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $575,700 in February 2026, a small reduction of 2.4% compared to February 2025.

The benchmark price for single-family homes was $619,900, falling by 2.7% on a year-over-year basis in February. By comparison, the benchmark price for townhouse/row units was $463,100, a gain of 4.9% compared to a year earlier, while the benchmark apartment price was $389,900, down modestly by 3.2% from year-ago levels.

The average price of homes sold in February 2026 was $520,108, a decline of 5.7% from February 2025.

The more comprehensive year-to-date average price was $519,426, down by 6.5% from the first two months of 2025.

The dollar value of all home sales in February 2026 was $152.4 million, a decrease of 19.7% from the same month in 2025.

The number of new listings saw a small gain of 3.6% from February 2025. There were 868 new residential listings in February 2026. This was the largest number of new listings added in the month of February in more than 15 years.

New listings were 10.6% above the five-year average and 24.9% above the 10-year average for the month of February.

Active residential listings numbered 1,598 units on the market at the end of February, increasing by 15% from the end of February 2025. Active listings haven’t been this high in the month of February in more than a decade.

Active listings were 43.7% above the five-year average and 65% above the 10-year average for the month of February.

Months of inventory numbered 5.5 at the end of February 2026, up from the 4 months recorded at the end of February 2025 and above the long-run average of 2.6 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.