Real Estate Blog

The London and St. Thomas Association of REALTORS® (LSTAR) has released its May 2025 residential market report, reflecting a market in transition amid broader economic pressures, including the ongoing impact of US tariffs.

In May, 722 homes were sold—a 15.4% decline from May 2024. Meanwhile, new listings rose 15.3% to 1,999, and active listings climbed 26.5% to 3,253, offering buyers a wider selection of properties.

“The increase in listings is encouraging for buyers,” said Dale Marsh, 2025 LSTAR Chair. “However, economic uncertainty, particularly from US tariffs, continues to influence market behavior.”

The average home price reached $656,432, up 1.4% year-over-year, signaling steady demand. Inventory levels also rose, with 4.5 months of supply,…

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In April 2025, the London and St. Thomas Association of REALTORS® (LSTAR) reported 653 sales, a 14.3% decrease compared to April 2024. New listings totaled 1,523, reflecting a 10.1% decline year-over-year, while active listings increased by 19.6% to 2,891. The average price of homes was $654,147, a slight 0.5% decrease, from April 2024.

Year-to-date figures show 2,107 sales, a 19.2% drop compared to the same period in 2024. New listings increased slightly by 1.5% to 5,190, while active listings rose by 22.5% to 2,417.

LSTAR Chair Dale Marsh commented on the current market conditions, stating, "The real estate market is facing significant challenges due to economic uncertainties and the impact of tariffs. We are hopeful that the new Canadian…

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The London and St. Thomas Association of REALTORS® (LSTAR) reported a significant decline in sales activity for March 2025, with only 508 transactions, marking a 33.5% decrease from the previous year. New listings decreased by 11.0%, while active listings increased by 21.1%, indicating a growing inventory. The average price of homes in the region decreased slightly by 0.6% to $643,159. The sale to list price ratio remained close to previous years indicating sellers are still achieving near their asking prices.

LSTAR Chair Dale Marsh remarked, "The Canadian real estate market is facing a challenging environment due to various factors, such as U.S. tariffs and broader economic uncertainties. These uncertainties have clearly impacted consumer confidence,…

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The real estate market in February 2025 has shown a mix of stability and challenges. Sales activity saw a decline of 20.1% compared to February 2024, with 353 properties sold. Despite this, the dollar volume of sales reached $249,279,351, reflecting an 18.2% decrease from the previous year. New listings were down by 8.0%, totaling 743, while active listings increased by 19.0% to 1,558. The sales to new listings ratio stood at 47.5, indicating a balanced market.

The average price of single family detached homes in February 2025 was $706,174, a modest increase of 2.4% from February 2024. The median price, however, saw a slight decrease of 1.9%, settling at $645,000. The market's inventory levels have improved, with months of inventory rising to 4.4,…

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The real estate market showcased several positive trends despite a temporary dip in sales activity. With 370 transactions, sales activity saw a decline of 20.3% compared to the previous year. However, the average home price remained robust at $639,486, marking a 4.5% increase from January 2024. This stability in pricing is a strong indicator that interest and demand in the market are still healthy.

Given the stable average prices and the rise in new and active listings, we are optimistic that sales activity will gain momentum in the coming months. The market fundamentals remain strong, and we anticipate a positive rebound in sales activity as we progress through the year.

LSTAR Chair Dale Marsh commented, "The increase in new and active listings is…

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The London and St. Thomas Association of REALTORS® (LSTAR) is pleased to announce the latest real estate market statistics for December 2024. The market has shown robust activity, with a significant number of homes exchanging hands and a healthy influx of new listings. Year end statistics point towards positive increases from the year before.

Key Highlights for December:

  • Homes Sold: 392, reflecting a 2.6% increase from December of 2023.
  • New Listings: 533, marking a 17.9% rise compared to the previous December.
  • Average Sale Price: $636,667, up by 2.3% over the same period in 2023.
  • Active Listings: 2,198, showing a 17.9% increase from December of 2023.

LSTAR Chair Kathy Amess said, “We are pleased to report positive momentum in the…

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In November, the average sale price in the real estate market was $640,198, reflecting a 5.9% increase compared to the same month last year. This rise in prices highlights the ongoing demand and value in the market. Sales activity also saw a significant boost, with 614 transactions, marking a 35.5% increase year-over-year. New listings saw a significant rise of 10.8% year-to-date, providing more options for buyers.

Kathy Amess, Chair of LSTAR, commented on these trends, saying, "The recent interest rate cuts have played a significant role in boosting market activity. Lower borrowing costs have made homeownership more accessible, driving up sales and expanding inventory. It's encouraging to see such positive momentum, and we remain committed to working…

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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.

New listings remained strong, with 1,388 new properties entering the market, slightly down from 1,415 in October 2023 but still reflecting a healthy supply of homes for potential buyers. This level of new listings is one of the highest in the past decade, indicating robust seller confidence.

In October 2024, new listings…

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The London and St. Thomas Association of REALTORS® (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 average home price was $641,583, reflecting a 1.7% increase from September 2023 but a slight 1.0% decrease from September 2022. We had 1,569 new listings last month. LSTAR also recorded 3,049 active listings, an increase of 19.8% from the same time last year.

LSTAR Chair Kathy Amess commented, "The London and St. Thomas area continues to be a great region for both buyers and sellers. We saw some positive signs in September’s…

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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.

LSTAR Chair Kathy Amess noted, “Despite the fluctuations in sales activity, average price and dollar volume, the increase in new and active listings indicates a more balanced market, providing more opportunities for buyers and sellers alike.
There are lots of opportunities for buyers in this market, which in turn benefits our sellers. Additionally, with the Bank of Canada lowering its key interest rate to 4.25% today, we anticipate a potential…

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