Average Home Price Remains Steady
Posted by Brian VanBart on
In February, 410 homes exchanged hands via the Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® (LSTAR). Although down 18.7% compared to the same month a year ago, the home sales jumped up from January, which saw 341 homes sold.
“We’re encouraged by the uptick in sales,” said Robin Tiller, LSTAR’s 2026 Chair. “There is a lot of pent-up demand, and we’ll be closely watching the Bank of Canada’s next interest rate announcement scheduled for March 18.”
Average sales price in February was $622,414, down 3.5% from February 2025 and on par with the $624,550 average price recorded in January.
“LSTAR continues to advocate to all three levels of government on policy recommendations that address affordability…
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