February 2025 LSTAR Statistics

In February, 410 homes changed hands via the Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® (LSTAR). Although down 18.7% compared to the same month a year ago, the home sales jumped up from January, which saw 341 homes sold.

“We’re encouraged by the uptick in sales,” said Robin Tiller, LSTAR’s 2026 Chair. “There is a lot of pent-up demand, and we’ll be closely watching the Bank of Canada’s next interest rate announcement scheduled for March 18.”

 “LSTAR continues to advocate to all three levels of government on policy recommendations that address affordability challenges,” Tiller said. “No matter where individuals are on their housing journey, your local REALTOR® can help guide you  through an ever-evolving marketplace.” 

Average sales price in February was $622,414, down 3.5% from February 2025 and on par with the $624,550 average price recorded in January.

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

Area | HPI Benchmark Price | December 2025 Average Price

Central Elgin | $658,700 | $586,250

London East | $435,800 | $471,655

London North | $620,600 | $748,716

London South | $560,000 | $617,817

Middlesex Centre | $759,700 | $947,278

St. Thomas | $526,800 | $545,876

Strathroy-Caradoc | $739,200 | $716,384

 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:     Average Home Price Remains Steady | London St. Thomas Association of REALTORS 

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