January 2025 LSTAR Statistics

The Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® saw 341 homes change hands in January, down 10.3% compared to the same month a year ago. The average sale price was $624,550 which represents an increase of over $10,000 from December and is down just 0.6 % from January of 2025.

“The sales-to-new listings ratio dropped substantially in January, to 32.2,” said Robin Tiller, LSTAR’s 2026 Chair. “That is noticeably lower than December’s ratio of 71.6. This would indicate conditions of a buyers’ market, according to the Canadian Real Estate Association (CREA), but aligns with expected numbers for a typical January market.”

“Inventory continues to remain at a historically high level,” Tiller continued, “with 6.6 months of inventory in January, up from the 5.3 months recorded in January of 2025. This represents the most active listings we have seen in the last ten years. This is another indication of a buyer's market and another good reason to reach out to your local REALTOR® for advice on buying or selling.”  

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

Area | HPI Benchmark Price | December 2025 Average Price

Central Elgin | $646,400 | $793,545

London East | $434,900 | $443,978

London North | $617,400 | $692,174

London South | $558,100| $625,802

Middlesex Centre | $762,600 | $861,600

St. Thomas | $520,500 | $592,994

Strathroy-Caradoc | $721,000 | $624,550

 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:    Market Fluctuations Continue | London St. Thomas Association of REALTORS 

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