Home Trends from The Dwyer Team

THE DWYER TEAM

Inventory Level Reaches New Peak in September

ACTIVE LISTINGS 3,222

NEW LISTINGS 1,701

SOLD LISTINGS 534

BENCHMARK PRICE All Residential $562,300

London, ON – In September, 1,701 new listings were recorded via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR), up 13.7% compared to the same month a year ago. With listings outpacing the number of sales, the sales-to-new listings ratio also eased to 31.4% compared to 45.7% in August. “When the sales-to-new listings ratio falls below 45%, it’s consistent with the conditions of a buyers’ market,” said Dale Marsh, 2025 LSTAR Chair. “According to the Canadian Real Estate Association (CREA), a sales-to-new listing ratio between 45% and 65% shows signs of a balanced market. September saw six months of inventory, which is up from August, which recorded five months of inventory.” “We’re encouraged by the recent interest rate cut by the Bank of Canada, the first one since March,” Marsh said. “That may influence some buyers who have been waiting on the sidelines.” There were 534 sales in September, down 6.0% from the same time a year ago, but on par with sales activity seen in the last four years. 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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