There are more fixer uppers for sale in Windsor in January 2023 than in the last couple of years. This is especially true of multi family housing such as duplexes and triplexes.

This is a good thing for fix and flippers, or families who could use a little extra leverage with sellers for their first purchase. When a house could use a few repairs and is stylistically out of date it has less interest, making it sell for less. When such an older house struggles to find a buyer for a month or more, you may even be able to buy it for below asking price!

It’s been years in Windsor since these kinds of potential deals have been widely available. For all the local people who have felt financially pushed out of the housing market, this is a big move for the better.

In the past, sellers who held offers on a certain date could have gotten almost 30% over the asking price. In November 2022 that premium on residential real estate has shrunk to only 2% over the asking price, the lowest since about 2018.

Windsor residential real estate prices may be temporarily stabilizing, and are even trending marginally upward month to month. At an average price of around $542,000, houses are selling at their highest value since July of this year.

If you are looking to sell your home sometime soon, this may be the time to do it. Prices have stabilized a bit, and may even be trending upward slowly.

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.