The number of homes sold through the MLS® System of the Chatham-Kent Association of REALTORS® totaled 97 units in March 2026. This increased by 6.6% (six sales) from March 2025.
Home sales were 11.3% below the five-year average and 16.8% below the 10-year average for the month of March.
On a year-to-date basis, home sales totaled 221 units over the first three months of the year. This was a decline of 9.4% from the same period in 2025.
“After a steep decline in February due to prolonged inclement weather systems, sales activity was back up in March but still remained below longer-term averages,” said Carrie Patrick, President of the Chatham-Kent Association of REALTORS®. “Overall inventories are beginning to unwind but market conditions are going back and forth, so our region is in a bit of flux as far as housing is concerned. REALTORS® can help buyers and sellers to remain patient while navigating tricky environments like this.”
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite/single-family benchmark price was $411,000 in March 2026, edging down 0.7% compared to March 2025.
The average price of homes sold in March 2026 was $414,638, down modestly by 1.3% from March 2025.
The more comprehensive year-to-date average price was $416,607, a decrease of 4.4% from the first three months of 2025.
The dollar value of all home sales in March 2026 was $40.2 million, a moderate gain of 5.2% from the same month in 2025.
The number of new listings decreased by 3.3% (eight listings) from March 2025. There were 238 new residential listings in March 2026.
New listings were 3.5% above the five-year average and 24.8% above the 10-year average for the month of March.
Active Residential listings numbered 424 units on the market at the end of March, a modest gain of 2.9% (12 listings) from the end of March 2025. Active listings haven’t been this high in the month of March in a decade.
Active listings were 24.6% above the five-year average and 62% above the 10-year average for the month of March
Months of inventory numbered 4.4 at the end of March 2026, down from the 4.5 months recorded at the end of March 2025 and above the long-run average of 2.5 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
To learn more, visit CKAR CHATHAM-KENT ASSOCIATION OF REALTORS®
