Residential sales in Chatham-Kent for May were up slightly from the same time last year, and up considerably from earlier this spring, according to the local real estate association.
“Sales activity recovered nicely in May following a slower than normal March and April,” Jamie Winkler, president of the Chatham-Kent Association of Realtors, said in a media release. “Even though this has been the best May in four years, home prices are still the most affordable in the region.”
Those prices ticked up 3.1% from May of last year, with the average home selling for $158,332. Sales were up 1.5% from last May.
Overall, the average sale price on homes sold this year is up 4.4% compared to 2014.
