October 2025 LSTAR Statistics

October had some encouraging signs with 607 homes exchanging hands via the MLS® (Multiple Listing Service) System of the London and St. Thomas Association of REALTORS® (LSTAR), an increase from the previous month, which saw 534 homes sold in September. Although it was down 8.7% from October 2024, the sales are up 25.4% compared to the same month in 2023.

“Consumer confidence seems to be growing, and the latest interest rate cut from the Bank of Canada may help fuel further activity in the marketplace,” said Dale Marsh, 2025 LSTAR Chair. “Inventory is at its highest level in the last 10 years, with more than five months in the LSTAR region.”

Average sales price also continued to slightly edge down. In October, it was $605,560, down 3.7% compared to the same period a year ago and down 4.1% compared to October 2022. In September, average sales price was $622,805. Year-to-date, there have been 6,057 total home sales, on par with totals recorded in the previous two years.

“We expect the year to finish strong, and activity will continue to pick up as we head into 2026,” Marsh said. “To best understand this evolving marketplace, connect with your local REALTOR®, who can help you navigate through it all, whether you’re interested in selling or buying a property.”  

The table below displays average prices and MLS® HPI Benchmark Prices in LSTAR's main regions.

Area | HPI Benchmark Price | October 2025 Average Price

Central Elgin | $610,800 | $665,450

London East | $435,200 | $498,887

London North | $637,500 | $674,297

London South | $560,300 | $631,419

Middlesex Centre | $774,400 | $823,056

St. Thomas | $528,500 | $559,650

Strathroy-Caradoc | $777,300 | $561,683

 The HPI benchmark price reflects the value of a “typical home” as assigned by buyers in a certain area based on various housing attributes, while the average sales price is calculated by adding all the sale prices for homes sold and dividing that total by the number of homes sold. The HPI benchmark price is helpful to gauge trends over time since averages may fluctuate by changes in the mix of sales activity from one month to the next. 

For more information: https://lstar.ca/articles/october-sales-rise-from-previous-month

Information provide from: LONDON AND ST. THOMAS ASSOCIATION OF REALTORS®