The latest housing numbers are in from the London and St. Thomas Association of Realtors who saw significant fluctuations in activity throughout June.
LSTAR notes that 678 homes exchanged hands across the region, while the number of new listings in June sat at 1,510.
Central Elgin’s average price increased to $822,389, while London East saw a rise to $530,031. London North experienced a slight decrease in average price to $753,575, and Middlesex Centre had a substantial increase to $1,164,378. These figures indicate a dynamic market with varying trends across different areas.
LSTAR Chair Kathy Amess commented on these trends, stating, “The market dynamics in our region continue to show resilience and adaptability. The slight increases in benchmark prices across most areas reflect a steady demand for properties.” She also noted, “While some areas have seen fluctuations, the overall market remains strong, providing opportunities for both buyers and sellers.”
Last month’s overall average home price sat at $671,309, compared to $660,430 in May.
In St. Thomas, the average sale price for a home in June 2024 was $565,596 compared to $575,071 in May.
Written by: K. Freeman
