05/05/2025
šMarket Update ā April 2025
According to the London and St. Thomas Association of REALTORSĀ® (LSTAR), active listings are up 19.6%, while average home prices remain stable, offering a glimmer of hope for buyers navigating todayās economic uncertainties.
āØļøKey Highlights:
653 homes sold (ā14.3% YoY)
Average price: $654,147 (ā0.5% YoY)
Active listings: 2,891 (ā19.6%)
New listings: 1,523 (ā10.1%)
š”Opportunities for Buyers:
More inventory means more choice.
Softening prices in detached and one-storey homes.
Apartments up 4% month-over-monthāreflecting demand for affordable options.
š”Advice for Sellers:
Adjust expectations to align with market conditions.
Townhouses and apartments remain stable or rising, presenting strong resale potential.
This market remains resilient, and strategy matters more than ever. Whether youāre buying or selling, Iām here to guide you through every step.
Wei Li | Sales Representative
š RE/MAX Center City Realty Inc.
š Direct: 519-859-5858
š§ Email: [email protected]
š https://wei-li2.remaxcentrecity.ca