Uncategorized • Uncategorized • Uncategorized • July 10, 2025

Market news for June 2025

by Sam Dabbagh

LSTAR’S MARKET STATS FOR JUNE 2025

JUNE HOUSING MARKET SHOWS SIGNS OF STABILITY

Despite ongoing uncertainty with U.S. tariffs and the global geopolitical climate, the local housing market continued its steady streak in June, with 745 homes exchanging hands via LSTAR’s MLS® System. Housing supply showed signs of stabilization, with almost four and a half months of inventory last month, unchanged from the inventory recorded in May.

Average sales price was $650,501, down 4.2% compared to June 2024. It is slightly down from the $656,432 average sales price recorded in May. Meanwhile, the Composite MLS® Home Price Index (HPI) Benchmark Price was $580,700, down 2.2% from a month ago.

“We continue to see the trend of more new listings coming on the market, which helps explain the healthy level of housing stock across our region. In June, there were 1,814 new listings, up 10.5% compared to the same month a year ago, with an overall sales-to-new listing ratio of 41.1%. According to the Canadian Real Estate Association (CREA), a ratio between 40% and 60% is generally consistent with a balanced market.” – Dale Marsh, 2025 LSTAR Chair

READ THE FULL STATS RELEASE

KEY HIGHLIGHTS FOR JUNE

CENTURY 21 First Canadian Corp. Brokerage

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CENTURY 21 First Canadian Corp. Brokerage

420 York Street, London, ON N6B1R1

(519) 673-3390

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