The market is changing rapidly in Windsor, and it is hard to keep up with all the movement prices and processes. That is why you need a realtor® in 2022.

In the last few years Windsor has seen its housing prices double to their peak value, then decline by almost 30% as of September 2022. The levels of interest in our real estate has also fluctuated significantly. The peak of interest ushered in an age of 7-12 offers all being presented on the same day in a beauty contest where the seller is the judge & the list price does not reflect the sale price.

Big change is coming to a real estate market near you. Open bidding, housing prices and recession are the hot topics of the day- but there are reasons to be optimistic in the medium to long term. Everyone who is honest with themselves can see that there is instability in the marketplace.

As most local homeowners have noticed, Windsor residential prices peaked in March of 2022 and have been declining fairly consistently since then. Average residential prices in September are now 17% less than they were in March, making many people wonder if they can still sell their house for a profit.

If you knew 4 months ago that you had to sell your home soon, but you waited until now to do so, you have already lost around $100,000 in equity or value. This trend is probably not reversing until the USA pulls out of its recession. These macroeconomic issues will not be fixed quickly.

If you wait to list your home 3 months from now, you may loose another $100,000 in equity or value.

June makes at least 3 months of decreasing residential values, amounting to a total of more than 10% loss since April. The median home price in June was $555,000, down from $625,000 in April.

Windsor also has 2.2 months of inventory for the month of June 2022. This is the most inventory on hand in June since 2016. Comparing the same month in different years helps to account for seasonal issues that may otherwise influence the comparison in an unfair way.