Windsor-Essex County Association of REALTORS®

The number of homes sold through the MLS® System of the Windsor-Essex County Association of REALTORS® totaled 388 units in March 2025. This was a sharp decrease of 15.7% from March 2024.

Home sales were 34.3% below the five-year average and 34.6% below the 10-year average for the month of March.

On a year-to-date basis, home sales totaled 1,062 units over the first three months of the year. This was down by 7.4% from the same period in 2024.

“New listings continue to rise at a steady pace, reaching one of the highest March levels on record as sellers remain motivated to move their properties amid aggressive repricing strategies. Demand, however, continues to soften in the wake of the ongoing tariffs imposed by the U.S. Administration,” said Maggie Chen, President of the Windsor-Essex County Association of REALTORS®. “Although new automotive tariffs that came into effect at the beginning of April will only apply to non-CUSMA compliant vehicles and auto parts, our local economy will no doubt still feel the impact from the rest of the industry. As long as these tariffs are in play and uncertainty surrounding any further trade restrictions remains at the top of mind for potential homebuyers, it’s likely that consumers will continue to be hesitant when it comes to buying a home.”

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 $578,500 in March 2025, a slight gain of 0.6% compared to March 2024.

The benchmark price for single-family homes was $623,700, unchanged on a year-over-year basis in March. By comparison, the benchmark price for townhouse/row units was $449,100, a gain of 6.8% compared to a year earlier, while the benchmark apartment price was $399,100, up modestly by 3.4% from year-ago levels.

The average price of homes sold in March 2025 was $571,163, essentially unchanged, up just 0.9% from March 2024.

The more comprehensive year-to-date average price was $561,038, a small gain of 1.2% from the first three months of 2024.

The dollar value of all home sales in March 2025 was $221.6 million, a substantial decline of 14.9% from the same month in 2024.

The number of new listings saw a gain of 21% from March 2024. There were 1,119 new residential listings in March 2025.

New listings were 8.9% above the five-year average and 21.9% above the 10-year average for the month of March.

Active residential listings numbered 1,578 units on the market at the end of March, up by 26.1% from the end of March 2024. Active listings haven’t been this high in the month of March in a decade.

Active listings were 59.9% above the five-year average and 51.8% above the 10-year average for the month of March.

Months of inventory numbered 4.1 at the end of March 2025, up from the 2.7 months recorded at the end of March 2024 and above the long-run average of 2 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.