In July, 725 homes exchanged hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR), up 28.1% compared to the same month a year ago. That’s the best month of sales for July since 2021.
“Historically we see less activity during the summer season, so these numbers are very encouraging,” said Dale Marsh, 2025 LSTAR Chair. “The housing market continues the pattern reflected over the last few months, with more new listings and robust inventory. The overall sales-to-new listing ratio was 44.6%, which the Canadian Real Estate Association (CREA) would indicate as a balanced market.”
Average sales price was in line with June, coming in at $648,273, down just 0.6% compared to July 2024. Meanwhile, the Composite MLS® Home Price Index (HPI) Benchmark Price was $578,900, down 0.3% from a month ago.
No comments:
Post a Comment