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THE DWYER TEAM

JUNE HOUSING MARKET SHOWS SIGNS OF STABILITY

ACTIVE LISTINGS 3,294

NEW LISTINGS 1,814

SOLD LISTINGS 745

BENCHMARK PRICE All Residential $650,501

London, July 3, 2025 – Despite ongoing uncertainty with U.S. tariffs and the global geopolitical climate, the local housing market continued its steady streak in June, with 745 homes exchanging hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). Housing supply showed signs of stabilization, with almost four and a half months of inventory last month, unchanged from the inventory recorded in May. “We continue to see the trend of more new listings coming on the market, which helps explain the healthy level of housing stock across our region,” said Dale Marsh, 2025 LSTAR Chair. “In June, there were 1,814 new listings, up 10.5% compared to the same month a year ago, with an overall sales-to-new listing ratio of 41.1%. According to the Canadian Real Estate Association (CREA), a ratio between 40% and 60% is generally consistent with a balanced market.” Average sales price was $650,501, down 4.2% compared to June 2024. It is slightly down from the $656,432 average sales price recorded in May. Meanwhile, the Composite MLS® Home Price Index (HPI) Benchmark Price was $580,700, down 2.2% from a month ago. 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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