Chatham-Kent’s home sales are beginning to show a buyer’s market, according to local realtors.
The Chatham-Kent Association of Realtors said 105 homes changed hands last month, 11 sales less during the same time period last year. Home sales were also 21.4 per cent below the five-year average and 16.1 per cent below the 10-year average for the month of April.
The average price of homes sold in April 2025 also saw a slight 7 per cent decline compared to April 2024.
Association President Barbara McCaughrin said sales activity in CK hasn’t been this low since the onset of the COVID-19 pandemic.
“With prices dropping and high inventory, it presents opportunities for buyers in our region,” said McCaughrin in a news release. “With a newly elected Canadian government, we are hopeful that negotiations on the trade front will continue and there will be a clearer path forward on policies affecting our members and the economy. We expect an upshift in May as a typical spring market begins.”
There were 285 new homes listed for sale last month, up 5.9 per cent from last year. This was also the highest number of new residential listings added in the month of April in the last decade.
Active listings also reached a five-year high in April with 503 residential units on the market at the end of last month.
