Chatham-Kent Association of REALTORS ® MLS ® home sales down from last November but showing signs of recovery
The number of homes sold through the MLS ® System of the Chatham-Kent Association of REALTORS ® totaled 92 units in November 2025. This was asubstantial decline of 15.6% from November 2024.
Home sales were 13% below the five-year average and 17.3% below the 10-year average for the month of November.
On a year-to-date basis, home sales totaled 1,136 units over the first 11 months of the year. This was a decline of 6.9% from the same period in 2024.
“Sales activity was down from last year’s levels, although this belies the underlying monthly trend of rising activity over the course of 2025,” said Barbara McCaughrin, President of the Chatham-Kent Association of REALTORS®. “It’s been a slow and steady recovery that hasn’t necessarily shown up in year-over-year comparisons, but under the surface we’re seeing a very gradual return of more buyers to the market. In the meantime, supply levels for both new and active listings are trending above their long-term averages, which bodes well in terms of choice for those buyers who are making the decision to jump back in.”
The average price of homes sold in November 2025 was $422,880, down by 5.4% from November 2024. The more comprehensive year-to-date average price was $430,925, essentially unchanged, up just 0.7% from the first 11 months of 2024.
The dollar value of all home sales in November 2025 was $38.9 million, a big reduction of 20.1% from the same month in 2024.
The number of new listings edged up 0.5% (one listing) from November 2024. There were 191 new residential listings in November 2025. This was the largest number of new listings added in the month of November in more than two decades.
New listings were 5.8% above the five-year average and 26.4% above the 10-year average for the month of November.
Active residential listings numbered 521 units on the market at the end of November, a gain of 22.9% from the end of November 2024. Active listings haven’t been this high in the month of November in a decade. Active listings were 38.3% above the five-year average and 71.3% above the 10-year average for the month of November.
Months of inventory numbered 5.7 at the end of November 2025, up from the 3.9 months recorded at the end of November 2024 and above the long-run average of 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.
SOURCE, CKAR
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