June 2025 LSTAR Statistics

Housing supply showed signs of stabilization, with almost four and a half months of inventory last month, unchanged from the inventory recorded in May.  

“We continue to see the trend of more new listings coming on the market, which helps explain the healthy level of housing stock across our region,” said Dale Marsh, 2025 LSTAR Chair. “In June, there were 1,814 new listings, up 10.5% compared to the same month a year ago, with an overall sales-to-new listing ratio of 41.1%. According to the Canadian Real Estate Association (CREA), a ratio between 40% and 60% is generally consistent with a balanced market.”

Average sales price was $650,501, down 4.2% compared to June 2024. It is slightly down from the $656,432 average sales price recorded in May. Meanwhile, the Composite MLS® Home Price Index (HPI) Benchmark Price was $580,700, down 2.2% from a month ago.

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

Area | HPI Benchmark Price | 2025 Average Price

Central Elgin | $631,900 | $689,625

London East | $453,900 | $514,064

London North | $664,900 | $721,258

London South | $576,900 | $665,076

Middlesex Centre | $812,000 | $955,466

St. Thomas | $536,400 | $583,500

Strathroy-Caradoc | $816,900 | $686,221

"Although the data tells us we’re experiencing a stable marketplace, it’s important to note every home transaction is unique based on a multitude of factors,” Marsh said. “Local REALTORS® are the best resource to help you navigate through these unpredictable times, whether you’re looking to buy or sell a property during the summer season.”

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://www.lstar.ca/story/june-housing-market-shows-signs-stability

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