The homes are listed, but they’re just not selling compared to the same time last year.
According to figures released from the Chatham-Kent Association of Realtors (CKAR), just over 100 homes changed hands in September, a drop of about 10.5 per cent from September 2024.
Home sales were 9.6 per cent below the five-year average and 16.1 per cent below the 10-year average for the month of September.
Through the first nine months of 2025, home sales totaled 940 units. This was a moderate decrease of 5.8 per cent from the same period in 2024.
Barbara McCaughrin, president of CKAR, said the sales have just not matched what took place last year.
“Sales activity has slowly been trending higher since the recent low at the beginning of the year but hasn’t yet caught up with last year’s levels,” she said in a media release.
But the number of residences for sale is strong, making it a buyer’s market.
“Meanwhile, sellers are out in force and listed the highest number of properties of any September in history. With overall supply levels holding steady over the past few months when adjusted for seasonal fluctuations, we’re seeing a lot of aggressive repricing from those who are listing their homes and are determined to find a buyer,” McCaughrin said.
The number of new listings saw an increase of eight per cent from September 2024. There were 297 new residential listings in September 2025.
New listings were 25.1 per cent above the five-year average and 47 per cent above the 10-year average for the month of September.
Active listings haven’t been this high in the month of September in a decade.
The average price of homes sold in September 2025 was $428,798, decreasing by about two per cent from September 2024.
The more comprehensive year-to-date average price was $433,007, a modest gain of 1.3 per cent from the first nine months of 2024.
