W
indsor-Essex has been at the center of the US trade war, with tariffs imposed on the automotive industry. However, despite this uncertainty, the local real estate market remains resilient and strong. According to Maggie Chen, president of the Windsor-Essex County Association of Realtors, "Our real estate market is holding steady, showing strength in the face of economic uncertainty." The average sale price of homes has remained consistent over the past six months, fluctuating within a narrow range of $25,000.

    The number of home sales has increased to 416 for April, up from previous months, but down 15.3% compared to last year. Inventory levels have also risen, with approximately 1,480 homes currently on the market - an increase of 17.1% over last year. This shift towards a more balanced market means buyers now have more negotiating power and options to choose from.

    Buyers like Sahereh Sahandabadi are taking advantage of this new landscape, feeling that sellers are more reasonable and open to negotiation. Chen advises homeowners to be realistic with their pricing and timeline expectations, as the market is no longer driven by bidding wars. While some homes may sell at a loss due to being purchased during the pandemic's peak market, most properties are still selling at a profit.

    In this balanced market, buyers and sellers are taking a more cautious approach, with Chen noting that "nobody is in a rush." Despite the uncertainty brought on by tariffs, Sahandabadi remains optimistic about finding her next home.