Chatham-Kent Association of REALTORS® MLS® home sales showing buyer’s market
The number of homes sold through the MLS® System of the Chatham-Kent Association of REALTORS® totaled 105 units in April 2025. This decreased by 9.5% (11 sales) from April 2024.
Home sales were 21.4% below the five-year average and 16.1% below the 10-year average for the month of April.
On a year-to-date basis, home sales totaled 349 units over the first four months of the year. This was a decline of 6.7% from the same period in 2024.
“Sales activity posted the lowest showing for April since the onset of the pandemic. With prices dropping and high inventory, it presents opportunities for buyers in our region,” said Barbara McCaughrin, President of the Chatham-Kent Association of REALTORS®. “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.”
The average price of homes sold in April 2025 was $424,313, down by 7% from April 2024.
The more comprehensive year-to-date average price was $432,292, a minor increase of 2.5% from the first four months of 2024.
The dollar value of all home sales in April 2025 was $44.6 million, a big reduction of 15.9% from the same month in 2024.
The number of new listings increased by 5.9% from April 2024. There were 285 new residential listings in April 2025. This was the largest number of new listings added in the month of April in a decade.
New listings were 18.8% above the five-year average and 36.2% above the 10-year average for the month of April.
Active residential listings numbered 503 units on the market at the end of April, a gain of 11% from the end of April 2024. Active listings haven’t been this high in the month of April in more than five years.
Active listings were 61.1% above the five-year average and 66.7% above the 10-year average for the month of April.
Months of inventory numbered 4.8 at the end of April 2025, up from the 3.9 months recorded at the end of April 2024 and above the long-run average of 2.5 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 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2020 | Mar 2018 | Mar 2015 |
| Sales Activity | 91 | -14.2% | -14.2% | -38.1% | -10.8% | -24.2% | 9.6% |
| Average Price | $420,299 | 3.2% | 1.2% | -19.9% | 58.5% | 126.8% | 167.7% |
| Dollar Volume* | $38.2 | -11.4% | -13.1% | -50.4% | 41.4% | 72.0% | 193.5% |
| New Listings | 247 | 9.3% | 8.3% | 16.5% | 122.5% | 76.4% | 19.3% |
| Active Listings | 412 | 4.8% | 16.4% | 249.2% | 152.8% | 100.0% | -20.8% |
| Percentage change compared to | |||||||
|---|---|---|---|---|---|---|---|
| Year-to-date | Mar 2025 YTD | Mar 2024 YTD | Mar 2023 YTD | Mar 2022 YTD | Mar 2020 YTD | Mar 2018 YTD | Mar 2015 YTD |
| Sales Activity | 244 | -5.4% | 7.0% | -38.4% | -15.0% | -2.0% | 8.4% |
| Average Price | $435,726 | 7.2% | 5.3% | -14.0% | 64.2% | 139.9% | 189.4% |
| Dollar Volume* | $106.3 | 1.4% | 12.7% | -47.0% | 39.6% | 135.1% | 213.8% |
| New Listings | 570 | 0.0% | 7.1% | 19.0% | 55.3% | 65.2% | 14.2% |
| Active Listings** | 378 | 8.6% | 19.5% | 321.9% | 127.5% | 82.8% | -25.2% |
| 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
