Flying Start to 2025 for Chatham-Kent Residential Real Estate Market

The Chatham-Kent Residential Real Estate Market Got Off to A Strong Start This Year, OutperForming Long-Term Assresses for January.

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Recounded Videos

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The 87 Units Sold Last Month was a 34 per cent Increase from January 2024, with Home Sales Being 1.2 Per Cent About the Five-Year Average and Surpassing The 10-Year Average by 12.5 Per Cent for the Month of January, According to a chatham -Kent Association of Realtors Release.

“Sales Roared Back from December, Surpassing the long-term January averages in a strong rebound,” Said Association President Barbara McCaughrin, in the Release.

“New listings SAW A MODEST RISE RISE REMAINED WELL ABOVE TYPICAL LEVELS, MORE THAN DOUBLING THE NUMBER OF SALES. Yet despite this influx, overall inventory barely budget, remaining well aboo normal for this time of year. ”

The Average Price of Homes Sold in January was $ 464,769, A Gain of About 16 Percent from January 2024. The dollar value of All Home Sales in January was $ 40.4 million.

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“With Market Conditions Holding Steady in Balanced Territory the Internship is set for an interesting few months ahead,” McCaughrin Said.

“However, The Looming Threat of Tariffs is casting a shadow over Chatham-Kent’s Economy. Given the Region’s significant Agricultural and Automotive Sectors, These Tariffs Will Almost certainly Impact Job Security, and by extension Cause Home Buyers to Reasess Their Options. ”

The Number of New Home Lastings Last Month Was 12 From January 2024, The Association Said. There Were 180 New Residential Listings in January, Which was the Large Number of New Listings Added in the Month of January in More Than a Decade.

New Listings Were 24.3 per hundred Above the Five-Year Average and 38.7 per cent Above the 10-Year Average for the Month of January.

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There was 369 Residential Listings on the Market at the End of January, an Increase of 18.6 Per cent from January 2024. In Fact, Active Listings WERE 65.2 PER CENTLE ABOVE THE FIVE-YEAR AVERAGE AND 54.8 PER CENT The Month of January. Active listings haven’t this high in the month of January in More Than Five Years, The Association Reports.

There was 4.2 MONTHS OF INVENTORY AT THE END OF JANUARY, Down from the 4.8 MONTHS RECORDED AT THE END OF JANUARY 2024 and Above the Long-Run Average of 3.6 Months for this Time of Year, The Association Said. 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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