Home sales continue to underperform in Chatham-Kent compared to last year.
In October, 104 units changed hands, according to information from the Chatham-Kent Association of Realtors (CKAR). That’s down slightly – nine sales – compared to October of 2024.
October sales for this year were 10.5 per cent off the five-year average and more than 15 per cent below the ten-year average.
Through the first 10 months of 2025, sales totalled 1,044 units. That’s down about six per cent from the same period last year.
Barbara McCaughrin, president of CKAR, said sales may be sluggish, but it is transitioning into a buyer’s market.
“Sales were down on a year-over-year basis in October, although there has been a marked improvement when looking at the monthly data since the beginning of the year,” McCaughrin said in a media release. “New listings set a new record for the month of October as sellers were more determined than ever to attract buyers to their properties. Overall inventory levels now stand at their highest in a decade as supply continues to outpace demand in our region.”
McCaughrin is also hopeful municipal expansion of affordable housing could help the real estate market.
“In more positive news, the Municipality of Chatham-Kent continues to purchase more land to build affordable and supportive housing, approving the acquisition of four more properties in October,” she said.
The number of new listings saw a gain of 28.4 per cent from October 2024. There were 298 new residential listings in October 2025.
New listings were 29.3 per cent above the five-year average and 51.6 per cent above the 10-year average for the month of October.
The average price of homes sold in October 2025 was $419,216, a minor increase of 1.5 per cent from October 2024.
The more comprehensive year-to-date average price was $431,634, a small gain of 1.3 per cent from the first 10 months of 2024.
Active residential listings numbered 564 units on the market at the end of October, up by 18.2 per cent from the end of October 2024. Active listings haven’t been this high in the month of October in more than a decade.
Active listings were 39.1 per cent above the five-year average and 68.4 per cent above the 10-year average for the month of October.
Real Estate sales in Chatham-Kent remain sluggish but the municipality raising the property taxes to crazy levels more than Toronto or most of Ontario. The highest amount I’ve looked it up does not remain sluggish at all or it should adapt to the changing times. The rate event of taxes on a $600,000 house they charge $7,200 taxes in Chatham-Kent