Home sales in Chatham-Kent tumbled in August, but the price of homes that do sell was up.
According to Chatham-Kent Association of Realtors (CKAR) figures, sales dipped by more than 17 per cent compared to August of 2024, as 111 units changed hands.
That was more than 15 per cent lower than the five-year average for August sales, and about 20 per cent lower than the 10-year average.
Year to date, the first eight months of 2025 saw 838 properties sell, down about five per cent for the same period last year.
Barbara McCaughrin, CKAR president, said while sales are down, selection is up, and it’s a buyer’s market as a result.
“While August MLS home sales came in lower than expected for this time of year, market conditions in our region continue to offer buyers more choice and negotiating power,” she said in a media release. “The number of newly listed properties eased from July, but the number of homes currently available is still well above the historical norm for August. As a result, our local market is full of opportunities for those ready to step in off the sidelines.”
In terms of pricing, the average for homes sold in August rang in at $420,127, up by 2.3 per cent from August 2024.
The more comprehensive year-to-date average price was $433,520, a modest gain of 1.7 per cent from the first eight months of 2024.
The number of new listings did see a notable decline of 19 per cent, as McCaughin indicated, from August 2024. There were 222 new residential listings in August 2025.
Active residential listings numbered 533 units on the market at the end of August, which was still a gain of 15.1 per cent from the end of August 2024. Active listings haven’t been this high in the month of August in a decade.
