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Uncategorized October 2022 Market updates from London Board LSTAR’s News Release for OCTOBER 2022 Rising Borrowing Costs Further Soften Local Home Sales In October 2022, the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR) saw 975 new listings and 504 home sales. While October’s new listings were on par with the average value recorded for the month of October […]
Uncategorized September Home Sales Continue Cooling Trend LSTAR’s News Release for SEPTEMBER 2022 September Home Sales Continue Cooling Trend The local housing market continued to cool off in September, with 497 homes exchanging hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). Housing supply made a healthy gain from 2.7 months of inventory in August to […]
Uncategorized Aug 2022 Market Update Summary
Uncategorized LSTAR’s News Release for August 2022 LSTAR’s News Release for August 2022 August Signals a Soft Landing of the Local Real Estate Market The number of homes sold in the jurisdiction of the London and St. Thomas Association of REALTORS® (LSTAR) fell by 34.8% in August from the same month last year, but saw an increase over the previous month, which […]
Uncategorized LSTAR’s News Release for June 2022 LSTAR’s News Release for June 2022 Market Cools off in June 1,727 new residential listings and 663 home sales were recorded in June 2022 in the London-St. Thomas area via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR).  The local housing supply increased from only 1.7 months of inventory in […]
Uncategorized Market Snapshot for month of May 2022
Uncategorized May Market Updates LSTAR’s News Release for May 2022 Inventory Levels Rise, but Prices Remain Elevated In May 2022, 1,835 new residential listings were posted on the MLS® System of the London and St Thomas Association of REALTORS® (LSTAR), more than in any previous May in the Association’s history. The local housing supply increased from only 1.2 months […]
Uncategorized Bank of Canada Hikes Interest Rates CANADA Bank of Canada Hikes Interest Rates And Its Inflation Forecast JUNE 1, 2022 Canada’s central bank reiterated its commitment to lower elevated inflation. The Bank of Canada (BoC) hiked the overnight rate and is going ahead with quantitative tightening (QT). It wasn’t much of a surprise, as it was widely expected by the market. What is […]
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Uncategorized April 2022 Market Updates LSTAR’s News Release for April 2022 April Figures Suggest a Soft Landing of the Local Real Estate Market In April 2022, 877 homes traded hands in the London-St. Thomas area and 1,069 new property listings were posted on the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). The local housing supply […]
Uncategorized March Updates LSTAR‘s News Release for March 2022 March Sees Record Number of Listings, but Inventory Remains Low 1,049 homes were sold in March 2022 in the London-St. Thomas area via LSTAR‘s MLS® System. During the same time frame, 1,544 listings came on the local market, which makes last month the March with the highest number of listings […]
Uncategorized September Sales updates LSTAR’s News Release for September 2021 LSTAR Home Sales on Track for a Record Year In September 2021, the London and St. Thomas Association of REALTORS® (LSTAR) experienced another solid month, with 864 residential transactions recorded via its MLS® system. “This value, which represents the second-highest number of homes sold in the month of September […]
Uncategorized London & St Thomas April Market LSTAR’s News Release for April 2021 Home Sales Remain Strong in April The London and St. Thomas Association of REALTORS® (LSTAR) announced 1,231 homes exchanged hands last month, the highest number of home sales recorded via the MLS® system for the month of April since the Association began tracking data in 1978. “We are encouraged […]