The April 2026 residential real estate market statistics are now in from WECAR (The Windsor/Essex County Association of Realtors). Spring has sprung! Let’s take a look at the numbers!
The average sale price for April 2026 was $572,150 which is down -1.11% from this time last year but up +6.11% from last month. Listings in April were down at 1,333 which is a +8.20% increase compared to a year ago and were up +41.96% compared to last month. Sales were down at 437 which is a -3.53% decrease compared to a year ago but were up +24.15% from last month. April brought some much-needed improvement!
You can download my FULL Market Report PDF HERE!
Average days on market was 16 days in April which is down from 17 days in March. Months of inventory came in at 4.0 months (down from last month’s 4.1 months). This metric indicates that we are in a “Balanced Market”. The Sales to New Listings Ratio (SNLR) came in at 33.3% (up from last month’s 37.1%). This metric indicates that we are currently in a “Buyer’s Market”. What’s the difference between these two metrics? In essence, these two metrics offer complementary perspectives on the real estate market. While months of inventory provides a snapshot of the overall supply situation, the sales to new listings ratio gives a more immediate indication of current market demand.
Current headlines:
- The BoC held its target for the overnight rate at 2.25% at its April meeting.
- Inflation came in at 2.4% in March (up from 1.8% in February).
- The unemployment rate for Windsor came in at 8.5% in March (up from 8.0% in February but still considerably higher than the national rate which is still at 6.7%).
- The federal and Ontario governments have proposed eliminating the HST tax from new homes for ALL buyers (not just first-time buyers) for a period of one year * (conditions apply).
- Shaun Cathcart, CREA’s Senior Economist said “2026 is still expected to see a modest amount of upward momentum in sales and a stabilization in prices as some pent-up first-time buyer demand enters the market, but the forecast for the year has had to be revised downward. The timing of higher mortgage rates, along with the perception they may be temporary, could keep would-be buyers away at the most active time of year – April, May, and June – as they wait for rates to come back down.”
Keep in mind that market conditions vary greatly depending on what price point you are in etc. so it’s never been more important to hire a REALTOR® who understands the market and can offer you the best advice possible! Take care!
