This may explain why according to the Canadian Real Estate Association, MLS resale housing activity in Canada's major markets broke all previous annual records by the end of 2007. In many areas it was a sellers market with the residential average price rising 11.6 per cent. This, however, was not the case for our area.
Windsor and Essex County proved to be a soft market in December 2007 with 179 properties sold, down 17.89 per cent compared to the 218 sales December 2006, however up 1.5 per cent (4,732) for year-to-date figures. December's average sale price was $159,261 with the year-to-date figure coming in at $166,196.
