Newly released Realtor.com sales data for May put the median sale price in Chatham County — the coastal Georgia jurisdiction that includes Savannah — at $339,950, a slight dip from April's median of $340,000 and a 4 per cent decrease from May 2025 when the median was $354,000.
Numbers and what they measure
The Realtor.com analysis, published this week, draws on recorded real estate deeds and reflects transactions completed through May. That method produces a lag compared with listings-based statistics. The report emphasises that these figures do not include homes currently listed for sale, and therefore are not directly comparable to websites that report asking prices.
Within the county breakdown, the report separates single-family homes from condominiums and townhomes:
- Single-family homes: median selling price of $350,000 in May, up 1.9 per cent from the prior month but down 2.8 per cent from May 2025.
- Condominiums and townhomes: median selling price of $276,000 in May, a 6.6 per cent decline from April and down 5.3 per cent year-over-year.
“Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in the data,” the release notes.
The report also records higher-end activity: nine single-family homes sold for $1 million or more during May, compared with four such sales in May 2025. For condominiums and townhomes, four properties crossed the $1-million mark in May, down from seven the year before. Total recorded residential sales in the county were 374 for the month, an 11.8 per cent drop from 424 in May 2025, and the aggregate value of those sales was reported at US$147.6 million.
Why this matters — and why Chatham, Ont. readers should take care
For readers in Chatham, Ontario, it is important to note that this report pertains to Chatham County, Georgia — a separate jurisdiction with different local economies, mortgage markets, interest-rate effects and seasonal demand patterns. Directly transferring these figures to the local Ontario market would be misleading.
Still, the report offers a reminder of broader forces that affect housing across jurisdictions: modest month-to-month shifts, year-over-year corrections, and divergence between single-family homes and multi-unit product types. Local buyers and sellers benefit from clarity about the source and scope of data they consult.
| Measure | May figure | Change vs. April | Change vs. May 2025 |
|---|---|---|---|
| Median home sale (all residential) | $339,950 | Down slightly from $340,000 | Down 4% |
| Median single-family | $350,000 | Up 1.9% | Down 2.8% |
| Median condos/townhomes | $276,000 | Down 6.6% | Down 5.3% |
Provincial and municipal markets in Ontario are governed by distinct economic drivers: immigration rates, interprovincial migration, local employment, and provincial taxation and policy. Those factors shape prices, inventory and sales velocity differently than in a U.S. coastal county.
For Chatham residents considering moves or tracking housing trends, local sources — including the Chatham-Kent Association of REALTORS®, municipal assessments and Ontario-focused market reports — will provide data that reflect the regional reality here. National and international headlines that include similar place names can be useful context but must be read with attention to geography and data methodology.
The Realtor.com report also published a state-wide snapshot showing Georgia’s median home sale at US$366,005 for May, up 3.2 per cent from April. Across the state, recorded sales fell 6.5 per cent year-over-year, and total recorded residential sales value rose sharply month to month. Those state-level shifts underline how local and broader trends can diverge in short order.
Local readers in Chatham, Ont., who want accurate, comparable housing figures should consult Ontario and municipal sources and ask brokers and appraisers for data that directly reflect the local market.
