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

INFO & SERVICES

CENTURY 21 First Canadian Corp. Brokerage

420 York Street, London, ON N6B1R1

(519) 673-3390

INFO & SERVICES

Terms & Conditions

Independently Owned and Operated. ®/™ trademarks owned by Century 21 Real Estate LLC used under license or authorized sub-license. © 2020 Century 21 Canada Limited Partnership © 2020 Century 21 Canada Limited Partnership

The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association. Not intended to solicit properties currently listed for sale or buyers under contract.

Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage operation. This e-mail message contains confidential information intended only for the use of the individual or entity named above. Any unauthorized use or disclosure is strictly prohibited. If you have received this communication in error please immediately delete the e-mail and either notify the sender at the above e-mail address or by telephone.

© 2022 MoxiWorks