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January 2024 Market Watch by LSTAR Home Sales, Listings Take a Leap in January 439 residential transactions were recorded last month via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR), 28.7% more than in January 2023. The number of newly listed properties climbed from 386 in December 2023 to 873 in January 2024.   “The number […]
Market updates for December 2023 LSTAR’S NEWS RELEASE FOR DECEMBER 2023 Subdued December Sales Conclude Moderate Year Last month 335 homes exchanged hands via the MLS® System of the London and St Thomas Association of REALTORS® (LSTAR), bringing the total number of residential properties sold in 2023 in our area to 6,717.   “2023 was the year with the lowermost […]
LSTAR’S NEWS RELEASE FOR NOVEMBER 2023 November Sees Lackluster Home Sales 421 homes were sold last month via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR), 8.9% less than in November 2022.   “While housing demand is exceptionally high throughout our region and the entire country, the resale data from November appears to indicate that this […]
September 2023 Shows More Signs of Stabilization September Shows More Signs of Stabilization September ushered 1,320 new listings on the local home market, 12.6% more than the same time a year ago. The number of new listings is the highest recorded for September since 2014. “As new listings start to see larger increases, we have moved into a marketplace that shows some […]
Home Sales Taper off in August 2023 LSTAR’S NEWS RELEASE FOR AUGUST 2023 Home Sales Taper off in August Last month, 569 homes exchanged hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR), 3.2% fewer than in August 2022. During the same period, 1,212 new listings came on the market, 13.2% more than in the eighth […]
Uncategorized House updates for June 2023 LSTAR’s News Release for June 2023 Housing Market Remains Stable The local housing market continued its steady streak in June, with 745 homes exchanging hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). Housing supply increased from 1.7 months of inventory in May to 2.2 months of inventory in […]
May 2023 Market Updates Local Housing Market Rebounds In May 2023, 1,397 new listings came on the local market and 846 homes exchanged hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). While the number of new listings is 23.9% lower than in May 2022, the number of sales is 1.3% higher than a year ago. LSTAR’s […]
April Market Home Sales Growing Demand and Low Inventory Fuel Home Price Gains In April 2023, 964 new properties came on the market and 723 homes exchanged hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). “Since the beginning of 2023 we’ve been noticing steady month-over-month increases in the number of home sales […]
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March Market News LSTAR’s News Release for March 2023 Local Housing Market Tightens In March 2023, only 1,079 new residential listings were posted on the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). This makes last month the March with the third lowest number of new listings in the last decade. The number of […]
February 2023 Market Watch LSTAR’s News Release for February 2023 Local Home Prices See Modest Growth In February 2023, the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR) recorded only 436 residential transactions, thus marking the lowest number of February home sales seen by LSTAR since 1995. Despite the sluggish sales, 761 new listings entered […]
December 2022 Market New Release LSTAR’s News Release for December 2022 Quiet December Wraps Up Modest Year 299 residential properties exchanged hands last month in the jurisdiction of the London and St. Thomas Association of REALTORS® (LSTAR), bringing the total number of homes sold through the Association’s Multiple Listing Service® (MLS®) System in 2022 to 7,639. “The last month of […]
LSTAR’s News Release for November 2022 LSTAR’s News Release for November 2022 Local Housing Market’s Correction Continues 451 residential properties exchanged hands last month through the Multiple Listing Service® (MLS®) System of the London and St. Thomas Association of REALTORS® (LSTAR), 44% less than in November 2021. LSTAR Members’ home sales included 336 single family homes, 64 condo townhouses, and 36 […]
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 […]
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 […]
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 […]
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 […]
Market Snapshot for month of May 2022
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 […]
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 […]