Windsor

Windsor-Essex housing prices expected to jump 9% in 2018, says RE/MAX

A strong local economy — in Windsor and across the border in Detroit — is the reason behind an active residential real estate market for 2017, according to RE/MAX's annual report.

2017 average residential sale price was about $260K in the region

RE/MAX expects housing prices to jump 9 per cent in 2018. (Chris Ensing/CBC)

A strong local economy — in Windsor and across the border in Detroit — is the reason behind an active residential real estate market for 2017, according to RE/MAX's annual report. 

The average home sale price in the region was $263,302 this year, an increase of 17 per cent, the report said. 

And we can expect more luxury homes to be built in Windsor-Essex next year, as the market is expected to see continued "strong growth" with new-home construction projects in high demand.

However, RE/MAX reports 2018 will be a "sellers market" year as average home prices are expected to increase 9 per cent in 2018.