| The number of homes sold through the MLS® System of the Chatham-Kent Association of REALTORS® totaled 152 units in September 2021. This was a gain of 10.1% (14 sales) from September 2020. This was also a new sales record for the month of September. |
| Home sales were 17.5% above the five-year average and 31.3% above the 10-year average for the month of September. |
| On a year-to-date basis, home sales totaled a record 1,379 units over the first nine months of the year. This was up significantly by 36.1% from the same period in 2020. |
| “Home sales in the Chatham-Kent region defied the trend seen in most other markets across Ontario and posted a record high for September,” said Laura Tourangeau, President of the Chatham-Kent Association of REALTORS®. “A large part of the uptick in sales has been the higher levels of new inventory hitting the market, despite the rise in new listings, inventory is still well-below average levels and as a result, prices continue to hit new highs.” |
| The average price of homes sold in September 2021 was a record $463,605, an advance of 46.5% from September 2020. |
| The more comprehensive year-to-date average price was $411,948, up sharply by 35.6% from the first nine months of 2020. |
| The dollar value of all home sales in September 2021 was $70.5 million, a substantial increase of 61.4% from the same month in 2020. This was also a new record for the month of September. |
| The number of new listings rose by 32.3% from September 2020. There were 213 new residential listings in September 2021. This was the largest number of new listings added in the month of September in more than a decade. |
| New listings were 28.3% above the five-year average and 20.4% above the 10-year average for the month of September. |
| Active residential listings numbered 208 units on the market at the end of September, a substantial gain of 55.2% from the end of September 2020. |
| Active listings were 9.3% below the five-year average and 47.7% below the 10-year average for the month of September. |
| Months of inventory numbered 1.4 at the end of September 2021, up from the 1 month recorded at the end of September 2020 and below the long-run average of 3.9 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. |
