In April, 638 homes changed hands via LSTAR's MLS® system. Although down 6.6% compared to April 2025, that was an increase of 52 more units sold over the previous month. Average sales price was $618,665 in April, down from the previous month. Noticeable month over month gains in average sales price happened in St. Thomas and Strathroy-Caradoc.
The Property Pedlar Blog
Wednesday, May 13, 2026
Tuesday, April 7, 2026
HOME SALES RISE IN MARCH
In March, 586 homes changed hands via the Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® (LSTAR). That was up 4.1% compared to the same month a year ago and 186 more units sold over the previous month.
“Activity has certainly been picking up, which is a positive sign,” said Robin Tiller, LSTAR’s 2026 Chair. “With the change in weather, we’re very encouraged that this is just the beginning of a healthy spring market.”
Month over month, average sales price rose slightly in March at $627,112, from $622,414 in February. Noticeable month over month gains in average sales price happened in London South, with average price at $636,946, up from $617,817 the previous month, as well as St. Thomas, coming in at $562,191, up from $545,876 in February.
“Our members work with buyers and sellers every day who are feeling the weight of housing affordability,” Tiller said. “The announcements by federal and provincial governments this week are encouraging steps to help boost supply across the housing continuum and create more meaningful paths to home ownership.”
Monday, February 23, 2026
Monday, February 9, 2026
Market Fluctuations Continue in January
The Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® saw 341 homes change hands in January, down 10.3% compared to the same month a year ago. The average sale price was $624,550 which represents an increase of over $10,000 from December and is down just 0.6 % from January of 2025.
“The sales-to-new listings ratio dropped substantially in January, to 32.2,” said Robin Tiller, LSTAR’s 2026 Chair. “That is noticeably lower than December’s ratio of 71.6. This would indicate conditions of a buyers’ market, according to the Canadian Real Estate Association (CREA), but aligns with expected numbers for a typical January market.”
“Inventory continues to remain at a historically high level,” Tiller continued, “with 6.6 months of inventory in January, up from the 5.3 months recorded in January of 2025. This represents the most active listings we have seen in the last ten years. This is another indication of a buyer's market and another good reason to reach out to your local REALTOR® for advice on buying or selling.”
Thursday, February 5, 2026
February Newsletter ~ The Pedlar Team Update
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