The Chatham-Kent Association of Realtors (CKAR) has reported a slight increase in home sales this month compared to the same month last year.
This comes after the region saw a drastic drop in February, which CKAR attributed to prolonged winter weather.
"Sales activity was back up in March but still remained below longer-term averages," said Carrie Patrick, President of the CKAR.
According to the statistics, March home sales were 11.3 per cent below the five-year average and 16.8 per cent under the 10-year average for March. The report mentioned that CK has sold 221 units in the first three months of 2026, which is 9.4 per cent lower than the same period last year.
"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," Patrick explained.
Home prices also saw a decrease, with the average price of homes sold in March being $414,638, a 1.3 per cent decrease from the same month in 2025.
However, the overall dollar amount increased. According to the CKAR report, the dollar value of home sales last month was $40.2 million. This is a 5.2 per cent bump from March 2025.
The region was eight listings behind in March compared to the same month last year, but new listings were 2.5 per cent above the five-year average.
When thinking about the rest of the year, Patrick is hopeful.
"I feel like the market is going to improve slightly," she added. "They’re now taking the HST out of new builds, which is an incentive for people wanting to build new homes, so we're hoping that this will increase sales."
Patrick also noted that she feels the interest rates are in a healthy state compared to the rates last year.
