Monday, March 11, 2019

February home sales remain steady

London and St. Thomas Association of REALTORS® (LSTAR) announced 603 homes* were sold in February, up 5.6% over February 2018. The number of home resales was right on par with the 10-year average. Two months into 2019, there have been 1,128 home resales, up 10.8% compared to the same time last year.

Across the five major areas of LSTAR's region, average home sales price continued to make healthy gains. In London the February average sales price was $405,186, up 13.5% from the same month last year. The average sales price for the entire LSTAR jurisdiction was $393,911, up 12.5% compared to February 2018.


February Average Sale Price

Elgin County




Middlesex County


St. Thomas






"It's important to point out that the average sales price includes all housing types, including single detached homes, as well as high rise apartment condominiums," said Earl Taylor, 2019 LSTAR President. "All real estate is local, so your best source for information on the marketplace is going to come from a professional REALTOR®."


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