The October 2025 residential real estate market statistics are now in from WECAR (The Windsor/Essex County Association of Realtors). Average price is down, listings are way up and sales are down slightly year over year. Let’s take a closer look! (you can download my full PDF report HERE).
The average sale price for October 2025 was $566,233 which is down -3.12% from this time last year and also down -4.03% from last month. Listings in October were up once again at 1,253 which is a +20.48% increase compared to a year ago but down -0.72% compared to last month. Sales were down at 461 which is a -2.33% decrease compared to a year ago but up +21% from last month.
Average days on market was at 19 days in October which is down slightly from 20 days in September. Months of inventory came in at 3.9 months (down from last month’s 4.7 months). This metric indicates that we are in a “Seller’s Market”. The Sales to New Listings Ratio (SNLR) came in at 38.7% (up from last month’s 33%). This metric indicates that we remain currently in a “Buyer’s Market”). How can it be a Buyer’s and a Seller’s 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 October 29th resulted in the BoC dropping the target rate to 2.25% (25-basis point reduction). Inflation increased in September from 1.9% to 2.4%. Windsor continues to have the highest unemployment rate in the Country at10.4% (decreasing from 11.1% last month but still highest in the Country). The Federal Government has introduced legislation to remove the 5% GST portion on new homes for first-time Buyers up to $1 million and the Province of Ontario is proposing to rebate the 8% PST portion essentially giving first-time buyers a combined savings of up to $135,000!
Final thought: With September having been a slow start to our Fall market in terms of sales volume, October rebounded with considerably more sales (21% more) and slightly less listings than the previous month however average sale price dipped back to August figures. If we look at October specifically, we’ve had a relatively consistent average price since 2021.
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!
