Housing Inventory Hits New High In August
Posted by Brian VanBart on
In August, 526 homes changed hands via the Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® (LSTAR), and inventory reached a new peak, with 6.3 months of inventory recorded.
“Historically, we have seen slower sales activity in the summer, but the August numbers are on par with activity over the past four years,” said Robin Tiller, LSTAR’s 2026 Chair. “The August sales-to-new listings ratio was 37.5%, down from July, which came in at 44.5%. According to the Canadian Real Estate Association (CREA), a ratio between 45% and 65% indicates conditions of a balanced market. The activity in August showed signs of a buyers’ market.”
This was evident with average sales price, which was $590,550. This represents the average…
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