Home sales sluggish, but pricey in March

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Real Estate sales in Chatham-Kent in March were down about 5% from the previous year, but higher-priced homes were moving.

“Dollar volume improved for the second straight month in March after having hit a weather-related low in January, although activity remains a little below where it was at the same time last year,” Ron Smith, president of the Chatham-Kent Association of Realtors said in a release.

He added the decline in sales was related to slow sales of property below the $100,000 price point. Sales in higher price ranges fared well, Smith said.

The average price of homes sold in March 2014 was $158,811, rising 12% from March 2013.

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