The August 2025 residential real estate market statistics are now in from WECAR (The Windsor/Essex County Association of Realtors). Year over year listings are up, sales are down and average price is down. Let’s take a closer look!
You can download my full PDF report HERE!
The average sale price for August 2025 was $565,785 which is down 3.91% from this time last year and also down 4.44% from last month. Listings in August were up once again at 1,157 which is a 13.32% increase compared to a year ago but down 13.46% compared to last month. Sales were down at 430 which is a 7.13% decrease compared to a year ago and also down 14.68% from last month.
Average days on market was at 17 days in August which is down slightly from July. Months of inventory came in at 4.4 months (up from last month’s 3.8 months). This metric indicates that we are in a “Balanced Market”. The Sales to New Listings Ratio (SNLR) came in at 39% (up slightly from last month’s 38.2%). This metric indicates that we remain currently in a “Buyer’s Market” (but just barely as 40% would push us into a Balanced Market using this metric as well). How can it be a Buyer’s and a Balanced Market at the same time? 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 interest rate announcement on September 17th resulted in the BoC dropping the target rate to 2.50% (25-basis point reduction). Inflation increased in August from 1.7% to 1.9%. Windsor unwillingly claimed the top spot in the country with the highest unemployment rate at 11.1% (it was at 9.1% in January 2025).
Final thought: Many businesses are feeling the direct and trickle-down effects of the tariffs and economic instability. Real Estate sales have dropped alongside rising listing numbers with average price dropping slightly. Our typically busy Spring selling season was a bit lackluster this year. For Buyer’s there’s decent selection out there and interest rates may become more attractive sooner than later. 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!
