Chatham Real Estate Market Report

The number of homes sold through the MLS® System of the Chatham-Kent Association of REALTORS® totaled 115 units in September 2026. This was a sizable gain of 12.7% (13 sales) from September 2025. Residential sales haven’t hit this level in the month of September in five years. Home sales were 10.2% above the five-year average and 3.8% below the 10-year average for the month of September. On a year-to-date basis, home sales totaled 949 units over the first nine months of the year. This increased by 1% (nine sales) from the same period in 2025. “Sales activity was back up to more normal levels for this time of year in September. New supply, on the other hand, was just one listing off from the second highest level for this month on record,” said Carrie Patrick, President of the Chatham-Kent Association of REALTORS®. “There appears to be two distinct stories in our housing market, one for buyers and another for sellers. The former are operating at levels typical for this time in the early fall, while the latter are more motivated than ever to move their properties.” The average price of homes sold in September 2026 was $410,864, a decline of 4.2% from September 2025. The more comprehensive year-to-date average price was $435,149, nearly unchanged, up only 0.5% from the first nine months of 2025. The dollar value of all home sales in September 2026 was $47.2 million, an increase of 8% from the same month in 2025. The number of new listings saw a moderate decrease of 8.1% from September 2025. There were 274 new residential listings in September 2026. New listings were 9.8% above the five-year average and 29.9% above the 10-year average for the month of September. Active residential listings numbered 572 units on the market at the end of September, increasing by 7.9% from the end of September 2025. Active listings haven’t been this high in the month of September in more than a decade. Active listings were 21.1% above the five-year average and 60.2% above the 10-year average for the month of September. Months of inventory numbered 5 at the end of September 2026, down from the 5.2 months recorded at the end of September 2025 and above the long-run average of 3.2 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.