The number of homes sold last month in Chatham-Kent may have slipped a little, but the market is still strong.
The Chatham-Kent Association of Realtors (CKAR) says 102 local homes were sold in January, that's down 3.8 per cent compared to the same month last year.
"January 2022 came in just four sales shy of tying the record for the same month last year, which was already an astronomical achievement, said CKAR Presidents Amber Pinsonneault.
At the same time, though, the average price levels continue to trend near historical peaks as the demand is still incredibly strong as people relocate from larger cities.
The average price of homes sold last month was $457,160, that's up 26.5 per cent from last year.
"The dollar value of all home sales in January 2022 was $46.4 million," said Pinsonneault. "This was also a new record for the month."
Just over 100 homes went on the market in January, up by 13 listings from the same month last year. Active listings were the lowest they have been in three decades with only 62 homes on the market at the end of the month.
