Chatham-Kent Association of REALTORS® MLS® home sales continue slow and steady recovery amid rising inventories
The number of homes sold through the MLS® System of the Chatham-Kent Association of REALTORS® totaled 116 units in June 2025. This was a substantial decrease of 10.1% (13 sales) from June 2024.
Home sales were 14.1% below the five-year average and 16.1% below the 10-year average for the month of June.
On a year-to-date basis, home sales totaled 614 units over the first six months of the year. This was a small reduction of 1% (six sales) from the same period in 2024.
“Home sales may have come in lower compared to the same month in the past two years, but looking through the monthly seasonal noise it appears that activity is slowly moving back up,” said Barbara McCaughrin, President of the Chatham-Kent Association of REALTORS®. “Meanwhile, sellers are still out in force as they compete for buyers, driving new listings to their highest showing ever. New listings had previously only ever surpassed the 300 mark back in April 2008.”
The average price of homes sold in June 2025 was $438,058, increasing by 3% from June 2024.
The more comprehensive year-to-date average price was $433,416, a modest gain of 2.3% from the first six months of 2024.
The dollar value of all home sales in June 2025 was $50.8 million, down by 7.4% from the same month in 2024.
The number of new listings saw a substantial increase of 30.7% from June 2024. There were 319 new residential listings in June 2025. This was the largest number of new listings added for the month of June and was also the highest number added for any month in history.
New listings were 20.8% above the five-year average and 41.5% above the 10-year average for the month of June.
Active residential listings numbered 552 units on the market at the end of June, a sizable gain of 15% from the end of June 2024. Active listings haven’t been this high in the month of June in a decade.
Active listings were 46.9% above the five-year average and 61.5% above the 10-year average for the month of June.
Months of inventory numbered 4.8 at the end of June 2025, up from the 3.7 months recorded at the end of June 2024 and above the long-run average of 2.6 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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2020 | Jun 2018 | Jun 2015 |
| Sales Activity | 116 | -10.1% | -12.1% | 11.5% | -13.4% | -16.5% | -27.5% |
| Average Price | $438,058 | 3.0% | -0.5% | 0.6% | 39.2% | 125.8% | 155.4% |
| Dollar Volume* | $50.8 | -7.4% | -12.6% | 12.2% | 20.5% | 88.5% | 85.2% |
| New Listings | 319 | 30.7% | 28.6% | 16.4% | 74.3% | 98.1% | 41.2% |
| Active Listings | 552 | 15.0% | 48.0% | 79.8% | 193.6% | 147.5% | -10.1% |
| Percentage change compared to | |||||||
|---|---|---|---|---|---|---|---|
| Year-to-date | Jun 2025 YTD | Jun 2024 YTD | Jun 2023 YTD | Jun 2022 YTD | Jun 2020 YTD | Jun 2018 YTD | Jun 2015 YTD |
| Sales Activity | 614 | -1.0% | -3.2% | -22.2% | 5.3% | -7.3% | -2.5% |
| Average Price | $433,416 | 2.3% | 1.4% | -11.5% | 50.9% | 118.3% | 172.7% |
| Dollar Volume* | $266.1 | 1.3% | -1.8% | -31.1% | 58.9% | 102.4% | 165.7% |
| New Listings | 1,452 | 7.3% | 16.3% | 17.8% | 86.9% | 68.8% | 15.7% |
| Active Listings** | 448 | 9.4% | 32.7% | 183.1% | 164.7% | 107.3% | -21.2% |
| 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
