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THE DWYER TEAM

October Sales Rise from Previous Month

ACTIVE LISTINGS 3,130

NEW LISTINGS 1,458

SOLD LISTINGS 607

BENCHMARK PRICE All Residential $561,400

London, ON – October had some encouraging signs with 607 homes exchanging hands via the MLS® (Multiple Listing Service) System of the London and St. Thomas Association of REALTORS® (LSTAR), an increase from the previous month, which saw 534 homes sold in September. Although it was down 8.7% from October 2024, the sales are up 25.4% compared to the same month in 2023. “Consumer confidence seems to be growing, and the latest interest rate cut from the Bank of Canada may help fuel further activity in the marketplace,” said Dale Marsh, 2025 LSTAR Chair. “Inventory is at its highest level in the last 10 years, with more than five months in the LSTAR region.” Average sales price also continued to slightly edge down. In October, it was $605,560, down 3.7% compared to the same period a year ago and down 4.1% compared to October 2022. In September, average sales price was $622,805. Year-to-date, there have been 6,057 total home sales, on par with totals recorded in the previous two years. “We expect the year to finish strong, and activity will continue to pick up as we head into 2026,” Marsh said. “To best understand this evolving marketplace, connect with your local REALTOR®, who can help you navigate through it all, whether you’re interested in selling or buying a property.” Source: London St. Thomas Association of REALTORS®| Market values stated are of the benchmark of London St. Thomas and surrounding region. Individual home market values will 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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