The March 2026 residential real estate market statistics are now in from WECAR (The Windsor/Essex County Association of Realtors). How is the start of our Spring market going?
The average sale price for March 2026 was $539,208 which is down -7.16% from this time last year and also down -0.44% from last month. Listings in March were down at 939 which is a -9.97% decrease compared to a year ago but were up +22.91% compared to last month. Sales were down at 352 which is a -2.49% decrease compared to a year ago but were up a whopping +48.52% from last month.
You can download my FULL REPORT PDF HERE.
Average days on market was 17 days in March which is down from 20 days in February. Months of inventory came in at 4.1 months (down from last month’s 5.5 months). This metric indicates that we are in a “Balanced Market”. The Sales to New Listings Ratio (SNLR) came in at 37.1% (up from last month’s 33.8%). 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 March meeting.
- Inflation came in at 1.8% in February (down from 2.3% in January).
- The unemployment rate for Windsor came in at 8.0% in February (down from 8.1% in January but considerably higher than the national rate at 6.7%).
- CMHC’s Anthony Pasarelli noted that Windsor rental vacancy rates have increased, with moderating rent levels.
- 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).
- Federal and Ontario governments are also proposing to cut development charges in half for new construction.
- CREA’s Senior Economist Shaun Cathcart noted: “2026 is still ultimately expected to be a story about pent-up first-time buyer demand finally seeing a chance to enter the market. They’ve had to wait a long time for mortgage rates to find a bottom, but some will no doubt continue to hold off for a bottom in prices in some Ontario and British Columbia markets.”
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!
