Statistical News Releases

In April 2023, 964 new properties came on the market and 723 homes exchanged hands via the MLS® System of LSTAR. The overall sales-to-new listings ratio for the entire London-St. Thomas area climbed from 63.5% in March to 75% in April, while the inventory plunged from 2 months in March to only 1.8 in April.

In March 2023, only 1,079 new residential listings were posted on the MLS® System of LSTAR, making last month the March with the third lowest number of new listings in the last decade. Home sales for the month stood at 685, the lowest seen by LSTAR in March since 2014, and inventory fell to only 2 months. 

In February 2023, the MLS® System of LSTAR recorded only 436 residential transactions, thus marking the lowest number of February home sales seen by LSTAR since 1995. Despite the sluggish sales, 761 new listings entered the market during the same time frame, bringing the number of active listings to 1,320 by month-end. The overall sales-to-new listings ratio for the entire jurisdiction of LSTAR was 57.3%.

In January 2023, only 344 residential transactions were recorded via LSTAR’s MLS® System. This makes last month the January with the lowest number of home sales seen by LSTAR since 2009. During the same period, 823 new listings came on the market, bringing the number of active listings at month’s end to 1,261.

299 residential properties exchanged hands last month in LSTAR's jurisdiction, bringing the total number of homes sold through the Association’s MLS® System in 2022 to 7,639.

451 residential properties exchanged hands last month through LSTAR's MLS® System, 44% less than in November 2021.

In October 2022, the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR) saw 975 new listings and 504 home sales. 

The local housing market continued to cool off in September, with 497 homes exchanging hands via LSTAR's MLS® System. Housing supply made a healthy gain from 2.7 months of inventory in August to 3.4 months of inventory in September, showing more signs of market stabilization.

The number of homes sold in the jurisdiction of LSTAR fell by 34.8% in August from the same month last year, but saw an increase over the previous month, which indicates a soft landing of the local real estate market. 

The local housing market continued to cool off in July, with 514 homes exchanging hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR).