While housing markets in other regions are starting to cool off somewhat, Chatham-Kent is bucking the trend.
Stats from the Chatham-Kent Association of Realtors shows record high sales in September with 152 properties changing hands, an increase of just over 10 percent from the same time a year before.
The average price of homes sold last month was a record $463,605, 46.5% higher than September 2020. The more comprehensive year-to-date price was just under $412,000, a 35.6% increase.
“Home sales in the Chatham-Kent region defied the trend seen in most other markets across Ontario and posted a record high for September,” Laura Tourangeau, president of the Chatham-Kent Association of Realtors says. “A large part of the uptick in sales has been the higher levels of new inventory hitting the market, despite the rise in new listings, inventory is still well below average levels and, as a result, prices continue to hit new highs.”
There were 213 new residential listings in September, the largest number of new properties for the month in more than a decade.