Real Estate Blog

Strong home sales continue in November.

London and St. Thomas Association of REALTORS® (LSTAR) announced 746 homes* were sold in November, up 6.7% over November 2017. The number of home resales was the second highest total ever for November since LSTAR began tracking data in 1978. November 2016 holds the record with 749 home resales, only three more than November 2018.

"In November, we saw more positive signs with new listings in the marketplace, which contributed to the robust sales activity," said Jeff Nethercott, 2018 LSTAR President. "November had 898 new listings, an increase of 17.5% over the same month last year. The area of London East continues to be making healthy gains in both new listings and average sales price. It had 192 new listings,

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A record month for home sales in October.

London and St. Thomas Association of REALTORS® (LSTAR) announced a record 906 homes* were sold in October, up 11.9% over the same month last year. The number of home resales in October mark the best monthly total for October, since LSTAR began tracking data in 1978.

"It was a very strong October, with home resales high above the 10-year-average," said Jeff Nethercott, 2018 LSTAR President. "One of the trends we saw in October was a healthy increase in the number of new listings to the marketplace. October had 1,171 new listings, up 38.1% compared to October 2017. Average sales price continues to make steady gains as well all across the region."

Making the biggest gain was London East, where the average

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Home Sales Remain Strong in September.

London and St. Thomas Association of REALTORS® (LSTAR) announced 776 homes* were sold in September, down 6.1% over the same month last year. The number of home resales are above the 10-year average, despite low inventory in the marketplace.  "All year we’ve been managing the challenges of low supply and it continues to impact home resales," said Jeff Nethercott, 2018 LSTAR President. "What we did experience was a large increase in the average price for resale activity. In September, the average sales price was $386,520, up 21.0% compared to a year ago, and up 57.9%, compared to just five years ago."

All major London centres saw jumps in their average sales price in September. Making the biggest gain was London

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Solid home sales in august cap a strong summer season.

London and St Thomas Association of REALTORS® (LSTAR) announced 923 homes* were sold in August, up 2.2% over the same time last year. August 2018 marked the second best August for home resales since the Association began tracking sales data in 1978. August 2016 holds the record, with 999 home resales.

"It was a very strong summer for home resales, with August achieving very solid numbers," said Jeff Nethercott, 2018 LSTAR President. "Resale activity has performed high above the 10-year average, despite low inventory, which the marketplace has experienced all year. The average sales price continues to rise: it was $378,511, up 18.0% from August 2017. When you go back five years, that’s up 54.2%

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July home sales reflect robust summer season.

London and St Thomas Association of REALTORS® (LSTAR) announced 1,000 homes* were sold in July, down 1.8% over the same time last year. July 2018 marked the third best July for home resales since the Association began tracking sales data in 1978.

"The numbers tell us we’re experiencing a very healthy summer for home resales," said Jeff Nethercott, 2018 LSTAR President. "This is the third consecutive month of at least 1,000 homes being sold and the resale activity remains above the 10-year average. Inventory remains at a 10-year low, while we continue to see an increase in average sales price."

By geographic area, London East continues to make the largest gains, with the average July sales price at

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Home sales strong in june, despite inventory challenges.

London and St Thomas Association of REALTORS® (LSTAR) announced 1,080 homes* were sold in June, down 14.6% over the same time last year, which saw a record-setting month for June with 1,264 homes sold since the Association began tracking sales data in 1978.

"The home sales in June continue the strong momentum we saw in May, setting the stage for a very robust season for resale homes this summer," said Jeff Nethercott, 2018 LSTAR President. "Sales activity remains above the 10-year average, as the marketplace continues to manage the lowest inventory levels since 2009. Average home prices are making slight gains all across the region."

By geographic area, London East made the biggest gains,

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Home sales strong in May, with best monthly numbers in 2018.

The London and St Thomas Association of REALTORS® (LSTAR) announced 1,171 homes* were sold in May, down 24.4% over the same time last year, which saw a record-setting month for May with 1,549 homes sold. The May 2017 home sales stands as the highest ever sales month in LSTAR’s history, since the Association began tracking sales data in 1978.

"We're very encouraged by the sales in May, which represent the third best May results LSTAR has had," said Jeff Nethercott, 2018 LSTAR President. "The homes sold are actually above the 10-year average, despite the ongoing challenge of low inventory in the marketplace. Similar to what’s happened each month this year, home prices continue to gradually

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April home sales strong, as spring season heats up.

The London and St Thomas Association of REALTORS® (LSTAR) announced 983 homes* were sold in April, down 19.6% over April 2017, which set a record for the best April results since LSTAR began tracking sales data in 1978.

“While home sales are down compared to the record breaking total in 2017, they remain at par with the 10-year average,” said Jeff Nethercott, 2018 LSTAR President. “However, home prices continue to rise across the region as we continue to see a much lower level of homes available for sale than the last few years.”

The average April sales price in the region was $367,433 up 5.0% over April 2017 and up 33.6% over April 2016. By geographic area, London South was $375,031 up 0.9%

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