Statistical News Releases

August 2015 was yet another month in which home sales in the jurisdiction of the London and St. Thomas Association of REALTORS® were the best they've been since 2007's Global Financial Meltdown. A total of 864 homes sold in August 2015, up 9.2% overall from August 2014.

A total of 934 homes sold in July, down 4.7% overall from July 2014. Year-to-Date, sales are up 9.5% over last year.

With 1,109 home sales, June 2015 breaks the record for the best June in the history of the London and St. Thomas Association of REALTORS®. 892 detached homes sold in June, up 11.5%, while 217 condos exchanged hands, up 19.9%. Total sales for the month were up 13% over June 2014.

The local housing market continued strong in May 2015, with total sales up 6.8% over the previous year. 861 detached homes and 194 condos sold last month, when a total of 1,055 homes exchanged hands.

The Spring market is off to a good start with 964 homes exchanging hands in April 2015, up 15.3% over the previous April. 776 detached homes sold last month, up 16.5%, along with 188 condos, up 10.6%. 

The local home sales in the first quarter of 2015 point to a solid year in real estate for Middlesex and Elgin Counties. Over January, February and March a total of 1,771 homes exchanged hands, up 14.7% from last year's first quarter sales.

At the end of the first quarter of 2015, the average price for a home in LSTAR's jurisdiction stood at $255,786. Compared to December 31, 2014, that was up 0.6% over all.

Watch as 2015 LSTAR President Carl Vandergoot presents our statistical report for the first quarter of this year.

Despite a March that both came in like a lion and out like a lion, the 2015 Spring market is off to a solid start with home sales totaling 769 last month. 

Despite record-breaking cold, a total of 535 homes sold in February. Listings were up for February by 6.2%, while inventory—active listings end of period—was down a marginal 1.3%. The market continues to be a balanced one.

2015 was off to a good start with the most home sales for a January since 2007, just prior to the Global Financial Meltdown – a total of 475. January was also the ninth straight month in a row in which area home sales outstripped those of the previous year.

A total of 475 home sales took place in December, making the last month of 2014 not only the best December since 2006, but also the eighth straight month in a row in which area home sales outstripped those of the previous year.