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Home Sales Sink In July

home-for-saleHome sales in Chatham-Kent are starting to cool off.

According to figures from the Chatham-Kent Association of Realtors, 101 homes traded hands in July, a 39% drop compared to last year.

Association president Kristi Willder says they’ll be keeping a close eye on the months ahead to see whether the downward trend is just a blip or a sign of things to come.

The average price of a home sold in Chatham-Kent last month was $160,597, with the year-to-date price sitting at $188,593.