Statistical News Releases

LSTAR Chair Robin Tiller sat down with Shaun Cathcart, CREA's Director and Senior Economist, Housing Data and Market Analysis, to share insights on current market conditions and what REALTORS® should be watching in 2026.

Shaun emphasized that real estate remains local, and that REALTORS® are the best source of market intelligence for clients. He also shared some key indicators to watch for future mortgage rate movements.

In March, 586 homes changed hands via LSTAR's MLS® System, up 4.1% compared to the same month a year ago, and 186 more units sold over the previous month. Month over month, average sales price rose slightly in March at $627,112, from $622,414 in February. Noticeable month over month gains in average sales price happened in London South, with average price at $636,946, up from $617,817 the previous month, as well as St. Thomas, coming in at $562,191, up from $545,876 in February.

In February, 410 homes changed hands via LSTAR's MLS® System. Although down 18.7% compared to the same month a year ago, the home sales jumped up from January, which saw 341 homes sold.

LSTAR's MLS® system saw 341 homes change hands in January, down 10.3% compared to the same month a year ago. The average sale price was $624,550 which represents an increase of over $10,000 from December and is down just 0.6 % from January of 2025.

In December, 398 homes exchanged hands via LSTAR's MLS® System, up 0.8% compared to the same month a year ago, marking the best December since 2021. Overall, 6,938 homes were sold in 2025, down 5.0% from 2024. Average sales price posted an increase from the previous month as well, at $614,104 in December, but down 3.4% compared to the same time in 2024.

In November, 492 homes exchanged hands via LSTAR's MLS® System, down 19.2% compared to the same month a year ago, but up 15.5% from November 2023. Average sales price remained virtually unchanged from the previous month at $604,994 in November, down 5.6% compared to the same time a year ago.

October had some encouraging signs with 607 homes exchanging hands via LSTAR's MLS® System, an increase from the previous month, which saw 534 homes sold in September. Although it was down 8.7% from October 2024, the sales are up 25.4% compared to the same month in 2023. Average sales price also continued to slightly edge down.

In September, 1,701 new listings were recorded via LSTAR's MLS® System, up 13.7% compared to the same month a year ago. With listings outpacing the number of sales, the sales-to-new listings ratio also eased to 31.4% compared to 45.7% in August, indicating a buyers’ market. There were 534 sales in September, down 6.0% from the same time a year ago, but on par with sales activity seen in the last four years.

LSTAR CEO Bill Madder and 2025 LSTAR Chair Dale Marsh talk about August statistical highlights and the local market, along with LSTAR's upcoming Board of Directors election, volunteering on an LSTAR committee, and more.

In August, 616 homes exchanged hands via LSTAR's MLS® System, up 10.4% compared to the same month a year ago. Similar to July, August posted its strongest sales month since 2021. August recorded the highest inventory level in the last 10 years, with five months of inventory, while the sales-to-new listing ratio of 45.7% indicates a balanced market, according to CREA.