While home sales were down last month compared to last year, local realtors say the market is still showing signs of recovery.
According to the Chatham-Kent Association of Realtors, 92 homes changed hands in November 2025, a substantial decline of 15.6 per cent from November 2024. This was also 13 per cent below the five-year average and 17.3 per cent below the 10-year average for the month of November.
“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,” said Barbara McCaughrin, president of the realtor’s association, in a news release.
The were 191 new homes listed for sale last month, which was the largest number of new listings added in the month of November in more than two decades.
Active residential listings also remained high with 521 homes on the market at the end of November 2025, a gain of 22.9 per cent from the end of November 2024.
“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,” said McCaughrin
The average price of homes sold last month was $422,880, down by 5.4 per cent from the same time last year.