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April 2023 LSTAR Statistics

Homes Sold
New Listings
Months of Inventory
Sales-to-New Listings Ratio
Average Sale Price
MLS® HPI Benchmark Price

Latest News

Growing Demand and Low Inventory Fuel Home Price Gains

In April 2023, 964 new properties came on the market and 723 homes exchanged hands via the MLS® System of LSTAR. The overall sales-to-new listings ratio for the entire London-St. Thomas area climbed from 63.5% in March to 75% in April, while the inventory plunged from 2 months in March to only 1.8 in April.

May 3, 2023

Local Housing Market Tightens

In March 2023, only 1,079 new residential listings were posted on the MLS® System of LSTAR, making last month the March with the third lowest number of new listings in the last decade. Home sales for the month stood at 685, the lowest seen by LSTAR in March since 2014, and inventory fell to only 2 months. 

April 4, 2023

Local Home Prices See Modest Growth

In February 2023, the MLS® System of LSTAR recorded only 436 residential transactions, thus marking the lowest number of February home sales seen by LSTAR since 1995. Despite the sluggish sales, 761 new listings entered the market during the same time frame, bringing the number of active listings to 1,320 by month-end. The overall sales-to-new listings ratio for the entire jurisdiction of LSTAR was 57.3%.

March 3, 2023



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<span>Elgin County Economic Development</span>


<span>JAAG Properties</span>

<span>HellaMaid London</span>

<span>Blinds By Design</span>

<span>Stephen Green Mortgages</span>

<span>AMJ Campbell</span>

<span>O'Brien Home Inspections Inc.</span>

<span>Cook Property Inspections</span>

<span>Tidy My Space</span>

<span>Vantage Property Management</span>


<span>Robertson Hall Insurance</span>

<span>Real Estate Lawyers.ca LLP</span>

<span>MPAC Propertyline</span>

<span>Louise's Home Staging</span>

<span>Libro Credit Union</span>

<span>Homes & Land</span>

<span>A First Impression by Carol</span>

<span>CVD Photography</span>


<span>Melville Mortgages</span>