The London and St. Thomas Association of REALTORS® (LSTAR) region continues to be an active market for both buyers and sellers.
September 2024 saw positive trends in market activity and year-to-date performance. A total of 562 homes were sold in September, marking a 6.0% increase compared to September 2023 and a 0.5% rise from September 2022.
The average home price reached $641,583, which is a 1.7% increase from the previous year, though a slight 1.0% decrease from 2022. In Strathroy-Caradoc, the average price for a home in September was $614,676.
There were 1,569 new listings in September, and LSTAR reported 3,049 active listings, up 19.8% from the same period last year.
Written by: C. Soares