DOUBLE-DIGIT REBOUND FOR REAL ESTATE

Jim Kovacs President of the Chatham Kent Real Estate Board said the real estate market in Chatham Kent hurt by the economy is on the mend.

Overall trend for sales activity continues to improve.

MLS homes sales were up 18 per cent in June compared to the previous month, the largest gain over this period in four years, he said.

Dollar value was $19.3 million down 10 per cent from one year earlier. 

Average residential price for a home was $140,107–

Buyers who delayed getting into the market earlier this year are jumping off the fence Kovacs said. 

(this information taken from Chatham Daily News article which appeared July 16, 2009, Bob Boughner writer).

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