Active Listings and Stable Prices Offer Hope for Buyers Amid Economic Uncertainty
Posted by Brian VanBart on
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…
28 Views, 0 Comments