Chatham-Kent Association of REALTORS® MLS® home sales show unexpected bounce in May
The number of homes sold through the MLS® System of the Chatham-Kent Association of REALTORS® totaled 150 units in May 2025. This was up by 28.2% from May 2024.
Home sales were 2.5% above the five-year average and 2.5% above the 10-year average for the month of May.
On a year-to-date basis, home sales totaled 498 units over the first five months of the year. This was a minor increase of 1.4% (seven sales) from the same period in 2024.
“Sales posted an unexpectedly strong bounce in May after remaining subdued for the previous several months,” said Barbara McCaughrin, President of the Chatham-Kent Association of REALTORS®. “New listings have been on the rise and so have overall inventory levels, which means the market has been flirting with buyer’s territory for quite some time. May’s boost in demand pushed us firmly back into a balanced market but whether this is the beginning of a stronger return from buyers or simply a one-off event remains to be seen.”
The average price of homes sold in May 2025 was $432,419, a small gain of 1.1% from May 2024.
The more comprehensive year-to-date average price was $432,335, increasing by 2.2% from the first five months of 2024.
The dollar value of all home sales in May 2025 was $64.9 million, a gain of 29.6% from the same month in 2024.
The number of new listings was up by 4.1% (11 listings) from May 2024. There were 281 new residential listings in May 2025. This was the largest number of new listings added in the month of May in more than a decade.
New listings were 5.6% above the five-year average and 20.9% above the 10-year average for the month of May.
Active residential listings numbered 502 units on the market at the end of May, an increase of 5.2% from the end of May 2024. Active listings haven’t been this high in the month of May in a decade.
Active listings were 44.4% above the five-year average and 53.8% above the 10-year average for the month of May.
Months of inventory numbered 3.3 at the end of May 2025, down from the 4.1 months recorded at the end of May 2024 and above the long-run average of 2.3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
| Percentage change compared to | |||||||
|---|---|---|---|---|---|---|---|
| Monthly | May 2025 | May 2024 | May 2023 | May 2022 | May 2020 | May 2018 | May 2015 |
| Sales Activity | 150 | 28.2% | 9.5% | 2.0% | 64.8% | 2.0% | 7.9% |
| Average Price | $432,419 | 1.1% | 0.7% | -9.0% | 37.4% | 100.0% | 171.6% |
| Dollar Volume* | $64.9 | 29.6% | 10.3% | -7.2% | 126.4% | 104.1% | 193.1% |
| New Listings | 281 | 4.1% | 4.1% | 4.5% | 103.6% | 58.8% | 16.6% |
| Active Listings | 502 | 5.2% | 33.9% | 127.1% | 190.2% | 118.3% | -23.9% |
| Percentage change compared to | |||||||
|---|---|---|---|---|---|---|---|
| Year-to-date | May 2025 YTD | May 2024 YTD | May 2023 YTD | May 2022 YTD | May 2020 YTD | May 2018 YTD | May 2015 YTD |
| Sales Activity | 498 | 1.4% | -0.8% | -27.3% | 10.9% | -4.8% | 6.0% |
| Average Price | $432,335 | 2.2% | 2.0% | -13.1% | 54.9% | 116.4% | 179.5% |
| Dollar Volume* | $215.3 | 3.6% | 1.2% | -36.9% | 71.8% | 106.1% | 196.2% |
| New Listings | 1,134 | 2.3% | 13.3% | 18.2% | 90.9% | 62.2% | 10.2% |
| Active Listings** | 427 | 8.0% | 29.3% | 232.3% | 158.1% | 99.0% | -23.7% |
| Legend |
|---|
| * In millions of dollars |
| ** The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year |
BOARD & ASSOCIATION INFORMATION
The Chatham-Kent Association of REALTORS® represents 200+ REALTORS® registered with its member offices. The geographical area served by the Board is the municipality of Chatham-Kent in the heart of southwestern Ontario.
CHATHAM-KENT ASSOCIATION OF REALTORS®
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For more information,
please contact:
- 519-352-4351
- ckreb@mnsi.net
Barbara McCaughrin
