Chatham-Kent Association of REALTORS®

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
MonthlyMay 2025May 2024May 2023May 2022May 2020May 2018May 2015
Sales Activity150 28.2% 9.5% 2.0% 64.8% 2.0% 7.9%
Average Price$432,4191.1% 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 Listings281 4.1% 4.1% 4.5% 103.6% 58.8% 16.6%
Active Listings502 5.2% 33.9% 127.1% 190.2% 118.3% -23.9%
Percentage change compared to
Year-to-dateMay 2025 YTDMay 2024 YTDMay 2023 YTDMay 2022 YTDMay 2020 YTDMay 2018 YTDMay 2015 YTD
Sales Activity498 1.4% -0.8% -27.3% 10.9% -4.8% 6.0%
Average Price$432,3352.2% 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 Listings1,1342.3% 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.


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CHATHAM-KENT ASSOCIATION OF REALTORS®

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For more information,
please contact:

President
Barbara McCaughrin

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