News

The local housing market continued to cool off in July, with 514 homes exchanging hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR).

1,727 new residential listings and 663 home sales were recorded in June 2022 in the London-St. Thomas area via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). The local housing supply increased from only 1.7 months of inventory in May to 2.8 months of inventory in June.

In May 2022, 1,835 new residential listings were posted on the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR), more than in any previous May in the Association’s history.

In April 2022, 877 homes traded hands in the London-St. Thomas area and 1,609 new property listings were posted on the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). The local housing supply bounced up to 1.2 months of inventory in April from only 0.6 months in March.

1,049 homes were sold in March 2022 in the London-St. Thomas area via LSTAR’s MLS® System. During the same time frame, 1,544 listings came on the local market, which makes last month the March with the highest number of listings in the history of the London and St. Thomas Association of REALTORS®.

813 homes traded hands in February 2022 in the jurisdiction of the London and St Thomas Association of REALTORS®, only 8 units less than in the second month of 2021, which was LSTAR’s best February for home sales ever.

529 home sales were recorded by the London and St Thomas Association of REALTORS® (LSTAR) via its MLS® system in the first month of 2022, thus marking the Association’s second best January for home sales ever. During the same month, the local real estate market saw 669 new listings, out of which 286 were still active at month end.

The London and St. Thomas Association of REALTORS® (LSTAR) Board of Directors is pleased to announce that Randy Pawlowski – a London area based REALTOR® – will serve as its President in 2022. Pawlowski is a Broker with Sutton Group Pawlowski & Company Real Estate Brokerage Inc., and has been a REALTOR® with LSTAR since 1996. Pawlowski joined the LSTAR Board of Directors in 2015.

With 530 homes exchanging hands last month, LSTAR REALTORS® wrapped up 2021 by recording their second best December for residential transactions since the Association started tracking data, back in 1978. This brings the total number of homes sold last year in LSTAR’s jurisdiction to 10,964.