The number of homes sold through the MLS® System of the Chatham-Kent Association of REALTORS® totaled 50 units in February 2026. This was a substantial decline of 24.2% from February 2025. Home sales were 38.6% below the five-year average and 41.9% below the 10-year average for the month of February.
On a year-to-date basis, home sales totaled 124 units over the first two months of the year. This was a significant decrease of 19% from the same period in 2025.
“February saw a much quieter month for sales activity than anticipated, possibly due to inclement winter weather that may have kept many buyers sidelined,” said Carrie Patrick, President of the Chatham-Kent Association of REALTORS®. “The drop-off was too sharp and rapid to have been part of a trend so we are looking at this as a one-off decline, which should hopefully turn into a rebound in March.”
The average price of homes sold in February 2026 was $371,338, down sharply by 11.3% from February 2025. The more comprehensive year-to-date average price was $418,146, a decrease of 6% from the first two months of 2025. The dollar value of all home sales in February 2026 was $18.6 million, a big decline of 32.8% from the same month in 2025.
The number of new listings was up by 11.3% from February 2025. There were 158 new residential listings in February 2026. New listings were 2.6% above the five-year average and 12.9% above the 10-year average for the month of February.
Active residential listings numbered 408 units on the market at the end of February, a gain of 15.9% from the end of February 2025. Active listings haven’t been this high in the month of February in a decade. Active listings were 37.8% above the five-year average and 70.4% above the 10-year average for the month of February.
Months of inventory numbered 8.2 at the end of February 2026, up from the 5.3 months recorded at the end of February 2025 and above the long-run average of 3.3 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.
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SOURCE, CKAR
To learn more, visit CKAR CHATHAM KENT ASSOCIATION OF REALTORS®
