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Windsor-area housing prices are skyrocketing, with the local market near the top nationally in year-over-year price appreciation, according to a new survey.

Locally, the standard two-storey, single-family house sold for 20.4 per cent more in the second quarter of 2018 compared to the same period a year ago, according to the latest Royal LePage House Price Survey. Only Langley, east of Vancouver, saw a higher median home appreciation — 23.2 per cent — for such homes in the more than 60 Canadian real estate markets surveyed.

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According to Royal LePage, the Greater Toronto Area marketplace experienced marketplace “softness” and home price declines over the previous year. By contrast, cities that surround the GTA, as well as elsewhere in southern Ontario, are seeing housing prices outpace the national trend as buyers exit the Toronto area for more affordable regions.

The median Windsor home price rose from $203,885 in the second quarter of 2017 to $245,418 in the same quarter this year. Another reason for escalating real estate prices is the lack of listings, according to the Royal LePage house price survey and market forecast released Tuesday.