The September 2025 residential real estate market statistics are now in from WECAR (The Windsor/Essex County Association of Realtors). Year over year listings and average price are up, sales are down. Let’s take a closer look!
You can download my full PDF Market Report HERE!
The average sale price for September 2025 was $590,008 which is up slightly at 1.60% from this time last year and also up 4.28% from last month. Listings in September were up once again at 1,262 which is a 4.64% increase compared to a year ago and also up 9.08% compared to last month. Sales were down at 381 which is a 14.77% decrease compared to a year ago and also down 11.4% from last month.
Average days on market was at 20 days in September which is up from 17 in August. Months of inventory came in at 4.7 months (up from last month’s 4.4 months). This metric indicates that we are in a “Balanced Market”. The Sales to New Listings Ratio (SNLR) came in at 33% (down from last month’s 39%). This metric indicates that we remain currently in a “Buyer’s Market”). 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). The NextStar EV battery plant has now received its occupancy permit!
Final thought: The tariffs and overall economic instability with the USA continue to be challenging for businesses. While the start of our Fall selling season is getting off to a slow start on the sales end, average price has rebounded considerably from August indicating that for now, even though listings are climbing and sales dropping, average price is not only holding its own but climbing. Same goes for median price. 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!
