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.

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/MAXreports 2018 will be a "sellers market" year as average home prices areexpected to increase 9 per centin 2018.