Chatham-Kent Association of REALTORS® MLS® home sales maintain path to recovery despite record high levels of new supply making it a great time to purchase a home in CK
The number of homes sold through the MLS® System of the Chatham-Kent Association of REALTORS® totaled 115 units in July 2025. This was down sharply by 11.5% (15 sales) from July 2024.
Home sales were 10.3% below the five-year average and 13.3% below the 10-year average for the month of July.
On a year-to-date basis, home sales totaled 729 units over the first seven months of the year. This was a minor decrease of 2.8% from the same period in 2024.
“The road back from the plunge in demand over most of the first half of the year has been slow and uneven, but there are signs that sales activity is moving in the right direction,” said Barbara McCaughrin, President of the Chatham-Kent Association of REALTORS®. “On the supply side, sellers are as motivated as ever to move their properties and are listings homes in our region in record numbers. This has boosted overall inventories back up to levels unseen since early 2016 as more supply is entering the market than buyers are able or willing to absorb. We’re hoping to see more balance emerge in the months ahead between supply and demand.”
The average price of homes sold in July 2025 was $443,205, a small reduction of 2.7% from July 2024.
The more comprehensive year-to-date average price was $434,960, increasing by 1.4% from the first seven months of 2024.
The dollar value of all home sales in July 2025 was $51 million, a sharp decrease of 13.9% from the same month in 2024.
The number of new listings was up modestly by 1.8% (five listings) from July 2024. There were 276 new residential listings in July 2025. This was also the largest number of new listings added in the month of July in history.
New listings were 7% above the five-year average and 25.1% above the 10-year average for the month of July.
Active residential listings numbered 567 units on the market at the end of July, an increase of 16.7% from the end of July 2024. Active listings haven’t been this high in the month of July in a decade.
Active listings were 41.5% above the five-year average and 60.3% above the 10-year average for the month of July.
Months of inventory numbered 4.9 at the end of July 2025, up from the 3.7 months recorded at the end of July 2024 and above the long-run average of 2.8 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 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2020 | Jul 2018 | Jul 2015 |
| Sales Activity | 115 | -11.5% | 13.9% | -1.7% | -25.8% | -12.9% | -15.4% |
| Average Price | $443,205 | -2.7% | 6.3% | -9.9% | 37.6% | 84.7% | 195.9% |
| Dollar Volume* | $51.0 | -13.9% | 21.0% | -11.4% | 2.1% | 60.9% | 150.2% |
| New Listings | 276 | 1.8% | 16.0% | 0.0% | 84.0% | 41.5% | 16.0% |
| Active Listings | 567 | 16.7% | 36.3% | 52.8% | 288.4% | 126.8% | -12.2% |
| Percentage change compared to | |||||||
|---|---|---|---|---|---|---|---|
| Year-to-date | Jul 2025 YTD | Jul 2024 YTD | Jul 2023 YTD | Jul 2022 YTD | Jul 2020 YTD | Jul 2018 YTD | Jul 2015 YTD |
| Sales Activity | 729 | -2.8% | -0.8% | -19.5% | -1.2% | -8.2% | -4.8% |
| Average Price | $434,960 | 1.4% | 2.1% | -11.2% | 47.6% | 111.7% | 176.5% |
| Dollar Volume* | $317.1 | -1.5% | 1.3% | -28.6% | 45.8% | 94.4% | 163.1% |
| New Listings | 1,727 | 6.3% | 16.1% | 14.4% | 86.3% | 63.7% | 15.7% |
| Active Listings** | 466 | 10.8% | 33.5% | 146.9% | 180.6% | 110.8% | -19.7% |
| 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
