The Windsor-Essex County Association of Realtors reported that home sales and new listings both declined in June 2026 compared to the same month last year. A total of 512 homes were sold in June, representing a 9.2% decrease from June 2025. New listings also fell, with 1,028 properties added to the market, down 6.4% year-over-year.
Market Trends and Inventory
The average sale price for a home in Windsor-Essex was $587,000 in June 2026, a slight increase of 1.3% compared to June 2025. However, the median price dropped 2.1% to $510,000. Active listings at the end of June stood at 1,876 units, a 12.3% decline from a year earlier, tightening inventory.
"The market is experiencing a cooling trend, with fewer sales and listings, but prices remain relatively stable," said a spokesperson for the Windsor-Essex County Association of Realtors. "Buyers are facing higher borrowing costs, which is affecting demand."
Impact of Interest Rates
The Bank of Canada's interest rate hikes have contributed to reduced affordability, leading to a slowdown in the local housing market. The average mortgage rate for a five-year fixed term is now 5.8%, up from 4.2% a year ago. This has dampened buyer enthusiasm, particularly among first-time homebuyers.
Despite the decline, the market remains active, with homes spending an average of 28 days on the market, up from 22 days in June 2025. The sales-to-new-listings ratio was 49.8%, indicating a balanced market.
Regional Comparisons
In contrast, the Greater Toronto Area saw home sales rise 9.4% in June, with the Toronto Regional Real Estate Board predicting price growth could resume. Windsor-Essex's performance reflects a more subdued trend, consistent with other mid-sized Ontario markets.
"We're seeing a divergence between larger urban centers and smaller regions like Windsor-Essex," the spokesperson added. "Local economic factors, such as employment in the manufacturing sector, also play a role."
