Real Estate Blog - Blog Archive: February, 2024

439 residential transactions were recorded last month via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR), 28.7% more than in January 2023. The number of newly listed properties climbed from 386 in December 2023 to 873 in January 2024.

“The number of home sales is consistent with LSTAR’s 10-year-average for January, but the jump in newly listed properties is significant.  In January we saw the third highest number of new listings for that month," said 2024 LSTAR Chair Kathy Amess.

Out of the 439 properties sold in January, 329 were single-family homes, 74 were townhouses, and 31 – apartments. January’s average price for a single-family home in LSTAR’s jurisdiction sat at $660,686, while that of a townhouse settled at…

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