Courtesy of Blair Patton

JULY SALES AND AVERAGE PRICE REMAIN STABLE

725 SOLD LISTINGS 44.6% SALES TO NEW LISTING RATIO 1,625 NEW LISTINGS 3,236 ACTIVE LISTINGS (residential inventory)

$578,900 all residential DOWN 0.3% year-to-year

Benchmark Price

4.5 MONTHS OF INVENTORY

London, ON – August 5, 2025 – In July, 725 homes exchanged hands via the MLS ® System of the London and St. Thomas Association of REALTORS ® (LSTAR), up 28.1% compared to the same month a year ago. That’s the best month of sales for July since 2021. “Historically we see less activity during the summer season, so these numbers are very encouraging,” said Dale Marsh, 2025 LSTAR Chair. “The housing market continues the pattern reflected over the last few months, with more new listings and robust inventory. The overall sales-to-new listing ratio was 44.6%, which the Canadian Real Estate Association (CREA) would indicate as balanced market.” Average sales price was in line with June, coming in at $648,273, down just 0.6% compared to July 2024. Meanwhile, the Composite MLS ® Home Price Index (HPI) Benchmark Price was $578,900, down 0.3% from a month ago. Statistics reflect market activity in July 2025 | Source: London St. Thomas Association of REALTORS ® | Market values stated are of the benchmark of London St. Thomas. Individual home market values vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

#5 in sales at Sutton for 2024

The greatest compliment my clients can give me is the referral of family and friends! BLAIR PATTON Sales Representative Direct: 519.630.9883 | Office: 519.438.2222 blairpatton@rogers.com | www.BlairPatton.com

Privacy Disclosure: We respect your privacy. The sponsor indicated on the front panel provides a complimentary subscription of this publication to you, a valued client. If at any time or for any reason you do not want to receive this publication, please contact the sponsor using any of the contact info on the front panel, and your personal information will be removed from the mailing list immediately. Without response to this cancellation offer, we assume your implied consent and permission to continue provision. Disclaimer: This publication is distributed for the purpose of information only. It is not intended to solicit buyers or sellers currently under contract by a real estate firm or under contract with another Broker or Mortgage Specialist, nor is it intended to cause or induce breach of any existing agreement. Distributed by: dmsmarketing.ca Copyright© 2025 All Rights Reserved / Printed on recyclable material. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by CREA and identify real estate professionals who are members of CREA.