Courtesy of Dwyer Team

ENCOURAGING MARKETPLACE ACTIVITY IN DECEMBER HOMEOWNER’S GUIDE TO A STARTER TOOLKIT Owning a home means every now and again you’re going to have to tackle some basic home repair tasks. Leaky faucets, burnt out lightbulbs, squeaky hinges, etc. Having the tools you need on hand can help you get what needs to be done quickly and efficiently. Some basic tools to have in your toolbox include: • Screwdriver set and Allen keys • Hammer (maybe a rubber mallet) • Pliers (combination and needle-nose at least) • Tape measure • Level • Adjustable wrench (or a wrench set) • Drill and drill bits • Utility knife Some other tools that may come in handy include: ladder, flashlight, stud finder, extension cords, plumber’s tape, caulk and caulking gun, lubricant (like WD-40), voltage tester, assortment of nails, screws and hooks, clamps and a wrecking bar. Having these essentials easily available can help you tackle the small home repair tasks as they come up. $552,800 all residential DOWN 8.3% year-to-year

398 SOLD LISTINGS 556 NEW LISTINGS 71.6% SALES TO NEW LISTING RATIO

Benchmark Price

5.4 MONTHS OF INVENTORY

London, ON – January 2026 – In December, 398 homes exchanged hands via the MLS ® (Multiple Listing Service) System of the London and St. Thomas Association of REALTORS ® (LSTAR). That was up 0.8%, compared to the same month a year ago, and marked the best December since 2021. Overall, 6,938 homes were sold in 2025, down 5.0% from 2024. “Interestingly, the sales-to-new listings ratio showed quite a rebound in December,” said Dale Marsh, 2025 LSTAR Chair. “It was 71.6, noticeably higher than November, which was 49.5. According to the Canadian Real Estate Association (CREA), a sales-to new listing ratio between 45% and 65% indicates conditions of a balanced market. December activity started to show signs of the conditions consistent with a sellers’ market. December’s 71.6 sales-to-new listings ratio was the highest recorded in 2025.” Average sales price posted an increase from the previous month as well. It was $614,104 in December, down 3.4% compared to the same time in 2024. In November, average sales price was $604,994. “Inventory continues to remain at a historical high level,” Marsh said. “There were 5.4 months of inventory in December.” Statistics reflect market activity in December 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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