Statistical News Releases

The London and St. Thomas real estate market has shown encouraging signs of growth and stability in October 2024. Sales activity notably increased, with 661 transactions recorded, up from 526 in October 2023. This represents a significant recovery from the previous year and highlights the market's resilience. The average price of $623,189 for the LSTAR region was up 0.3% from October 2023 and down 3% from last month's $641,583.

The LSTAR region remains a vibrant market for both buyers and sellers. September’s market activity and year-to-date figures show encouraging trends. In September 2024, 562 homes were sold, representing a 6.0% increase from September 2023 and a 0.5% rise from September 2022.

The real estate market in the London and St. Thomas area showed mixed results in August. Sales activity declined, with 577 homes sold, marking a 6.0% drop from the same month last year. The average sale price also decreased by 4% to $629,500. However, active listings saw a 19% increase compared to August 2023.

In July 2024, the real estate market in LSTAR's region demonstrated significant activity, with 604 homes sold, as recorded through LSTAR's MLS® system. The average home price was $654,593, indicating the market’s pricing trends. Additionally, there were 1,531 new listings, suggesting a robust supply of homes entering the market. Overall, the data points to a dynamic and balanced market, characterized by a healthy volume of transactions and a steady influx of new listings.

In June 2024, the real estate market in LSTAR's region saw significant fluctuations in activity, with 678 homes exchanging hands, according to the latest MLS® statistics. The average price of a home in the region was $671,309. The number of new listings in June was 1,510. We remain optimistic that the anticipated rate cuts by the Bank of Canada will stimulate the real estate market over the summer months.

The local housing market continued its steady streak in May, with 774 homes exchanging hands via LSTAR's MLS® System. Housing supply showed signs of market stabilization, with three months of inventory in May, unchanged from the month before. Year to date, sales are outpacing 2023, with 3,161 total sales, up 1.8% from the same period last year.

In April, 710 homes exchanged hands via LSTAR's MLS® System, a slight decrease of 2.9% compared to the same month a year ago. Year to date, there have been 2,381 total sales, up 6.1% from the first four months of 2023.

LSTAR's MLS® System recorded 636 homes sold last month, 11.3% less than in March 2023. The number of newly listed properties surged from 1,024 in February to 1,233 in March, marking an 11.8% increase over a year ago. Overall, housing supply increased slightly in our region - from 2.7 months of inventory in February to 2.9 months in March.

594 homes exchanged hands last month via LSTAR's MLS® System, marking a 33.2% increase in sales activity over February 2023. The number of newly listed properties rose from 873 in January to 1,024 in February, showing a 31.8% increase over a year ago. Housing supply plummeted from 3.3 months of inventory in January to 2.7 months in February.

439 residential transactions were recorded last month via LSTAR's MLS® System, 28.7% more than in January 2023. The number of newly listed properties climbed from 386 in December 2023 to 873 in January 2024. Housing supply dropped from 4.4 months of inventory in December to only 3.3 months in January.