Chatham-Kent home buyers are contributing to the chill in the air.
According to Chatham-Kent Association of Realtors (CKAR) figures, home sales in November were down 15.6 per cent compared to November of 2024.
When compared to the five- and 10-year averages for the month of November, sales were off 13 and 17.3 per cent respectively.
The chilly fall for home sales also cooled off the entire year. After a hot start to 2025, home sales after 11 months are down about seven per cent compared to the same period a year ago.
Barbara McCaughrin, CKAR president, said there are some signs of improvement on the horizon.
“Sales activity was down from last year’s levels, although this belies the underlying monthly trend of rising activity over the course of 2025,” she said in a media release. “It’s been a slow and steady recovery that hasn’t necessarily shown up in year-over-year comparisons, but under the surface we’re seeing a very gradual return of more buyers to the market.”
With slow sales, however, comes an increase in the number of homes available for purchase, as inventory moves more slowly.
“Supply levels for both new and active listings are trending above their long-term averages, which bodes well in terms of choice for those buyers who are making the decision to jump back in,” McCaughrin said.
There were 191 new residential listings in November. This was the largest number of new listings added in the month of November in more than two decades.
New listings were 5.8 per cent above the five-year average and 26.4 per cent above the 10-year average for the month of November.
Active residential listings numbered 521 units on the market at the end of November, a gain of 22.9 per cent from the end of November 2024. Active listings haven’t been this high in the month of November in a decade.
Active listings were 38.3 per cent above the five-year average and 71.3 per cent above the 10-year average for the month of November.
Home prices have fallen somewhat as well during the sales lull. The average price of homes sold in November 2025 was $422,880, down by 5.4 per cent from November 2024.
The more comprehensive year-to-date average price was $430,925, essentially unchanged, up just 0.7 per cent from the first 11 months of 2024.
