Courtesy of Blair Patton

LONDON AND ST. THOMAS REAL ESTATE MARKET SHOWS RESILIENCE AMID ECONOMIC CHALLENGES

722 SOLD LISTINGS 36.1% SALES TO NEW LISTING RATIO 1,999 NEW LISTINGS 3,253 ACTIVE LISTINGS (residential inventory)

$656,432 all residential UP 1.4 % year-to-year

Benchmark Price

4.5 MONTHS OF INVENTORY

London, ON – June 3, 2025 – The London and St. Thomas Association of REALTORS® (LSTAR) has released its May 2025 residential market report, reflecting a market in transition amid broader economic pressures, including the ongoing impact of US tariffs. In May, 722 homes were sold—a 15.4% decline from May 2024. Meanwhile, new listings rose 15.3% to 1,999, and active listings climbed 26.5% to 3,253, offering buyers a wider selection of properties. “The increase in listings is encouraging for buyers,” said Dale Marsh, 2025 LSTAR Chair. “However, economic uncertainty, particularly from US tariffs, continues to influence market behavior.” The average home price reached $656,432, up 1.4% year-over-year, signaling steady demand. Inventory levels also rose, with 4.5 months of supply, pointing to a more balanced market. “Despite softer sales, the market remains resilient,” Marsh added. “Rising inventory and stable prices suggest opportunities for both buyers and sellers. Staying informed and adaptable is key in this evolving landscape.” Overall, the region’s real estate market is adjusting to shifting conditions, showing signs of stability and adaptability in the face of external economic challenges. Statistics reflect market activity in May 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.

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