Windsor-Essex County Association of REALTORS®

The number of homes sold through the MLS® System of the Windsor-Essex County Association of REALTORS® totaled 346 units in February 2025. This was a decrease of 4.7% from February 2024.

Home sales were 22.3% below the five-year average and 23.4% below the 10-year average for the month of February.

On a year-to-date basis, home sales totaled 674 units over the first two months of the year. This was a small reduction of 1.9% (13 sales) from the same period in 2024.

“Despite increasing marginally from January totals, MLS® sales in our local market edged up slightly while lagging February 2024 levels. Meanwhile, the number of newly listed properties dipped from the end of January but saw a notable increase when compared to the same period last year. That said, the number of new listings was still well above the long-term averages for the month,” said Maggie Chen, President of the Windsor-Essex County Association of REALTORS®. “The average price pulled back slightly but remained relatively stable, while inventory saw a notable increase, rising from the end of January and climbing more than 20% compared to last February. Market balance remains in buyer’s territory as it has for the past few months. Beyond housing, Windsor-Essex County faces economic headwinds from the recently imposed US tariffs, which will likely hit key industries like automotive manufacturing, agriculture, and steel production. Increased costs on exports such as vehicles, greenhouse grown produce, and steel components will ripple through our region, creating challenges for businesses and the local job market.”

The average price of homes sold in February 2025 was $551,048, down 3.1% from February 2024.

The more comprehensive year-to-date average price was $555,209, a modest gain of 1.6% from the first two months of 2024.

The dollar value of all home sales in February 2025 was $190.7 million, retreating by 7.6% from the same month in 2024.

The number of new listings rose 11.1% from February 2024. There were 838 new residential listings in February 2025. This was the largest number of new listings added in the month of February in more than 15 years.

New listings were 13.3% above the five-year average and 23.9% above the 10-year average for the month of February.

Active residential listings numbered 1,347 units on the market at the end of February, a notable gain of 20.8% from the end of February 2024. Active listings haven’t been this high in the month of February in more than five years.

Active listings were 54% above the five-year average and 41.4% above the 10-year average for the month of February.

Months of inventory numbered 3.9 at the end of February 2025, up from the 3.1 months recorded at the end of February 2024 and above the long-run average of 2.3 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.