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Pretty steady and stable report this week. New listing in London sat at 233, conditional sales at 89 and Solds at 126. Pretty similar to the last several weeks. Stay safe out there, kids! 💞 Have a wonderful week!

I'm reporting this week from the beautiful, historic city of Boston, Massachusetts. I was at the NAR conference this week acquiring new skills to help lead our local board forward. I'm reporting from the Boston Marathon finish line near some other local landmarks. This past weekend London we saw 257 new listings, 91 conditionally sold, and 117 Solds. All of these numbers are down a tad from the...

The London and St. Thomas real estate market has shown encouraging signs of growth and stability in October 2024. Sales activity notably increased, with 661 transactions recorded, up from 526 in October 2023. This represents a significant recovery from the previous year and highlights the market’s resilience. The average price of $623,189 for the LSTAR region was up 0.3% from October 2023 and d...

Old Toronto near Queen's Park is today's location for the last Monday Market Update of October. We are meeting with our MPPs to advocate for several real estate related items, helping to strengthen the industry and promote more affordable housing. This week in London, we saw 294 new listings 🆙, 118 conditional sales 🆙, and 133 Solds 🆙! With all 3 categories going up compared to the last few wee...

Breaking news from the nation's capital! I'm in Ottawa where the Bank of Canada has just announced this morning they are dropping their lending rate by 0.5% bringing it to 3.75%. this should bring more buyer confidence into the market and see an increase of sales. Keep in mind there's another announcement in December where they may drop another 0.25 - 0.5% coupled with new mortgage lending rule...

Reporting from Ottawa this week while at the Canadian Real Estate Association's Political Action Committee Days. Realtors from across Canada are meeting with our MPs to give solution-based recommendations related to housing, affordability, and homelessness across the housing continuum. 🏡🏘️🏢🏗️ I'm meeting with MP Lindsay Mathyssen (London - Fanshawe) tomorrow. As for London's numbers this past w...

Delayed MMU this week due to Thanksgiving 🦃. I hope everyone enjoyed their Thanksgiving weekend! ☺️ This past week saw slightly lower numbers than the past few weeks. New London listings came in at 264 ⬇️, conditional sales at 94 ⬇️ and Solds at 116 ⬇️. Conditionals and Solds were down slightly, however pretty steady. The next 6 weeks are typically the big push before the winter months set in a...

Here are your weekly London stats plus your September stats for the LSTAR area. The past week saw 338 new listings, 113 conditional sales and 118 solds. New listings are still far outpacing solds, creating increased listing inventory. Sept 2024 saw a 6% higher number of sales vs Sept 2023, indicating the 3 recent interest rate reductions by the Bank of Canada are beginning to help buyer confide...

Today is the National Day for Truth and Reconciliation. Please educate yourself on the meaning of this important day. In the past week London saw 277 new listings, 127 price changes, 102 conditional sales and 147 solds. The number of new listings is down a fair bit from last week's record setting number of 340 listings however it's still a strong number. The total number of conditionals and sol...

Happy Monday from St Thomas, Ontario. I'm visiting my friend Jumbo the elephant. My poured one out for him in his memory as he was untimely killed by a train in 1885 while touring the area with the Barnum and Bailey circus. They commissioned this memorial in 1985 as a cool reminder and roadside attraction. There's also a CN caboose parked beside Jumbo that gives some educational value. In the p...

Today is Monday market update is being filmed downtown London from the London courthouse. I'm spending the day doing my Civic duty of jury duty. I checked in at 8:30 a.m. and was just told they don't start till around 10:00 a.m. so now I'm enjoying my pumpkin spice coffee in the lobby. The last weekend London saw 296 new listings, 87 conditionally sold and 89 Solds! We also saw 89 price changes...

This will be a longer video this week as I'm including our August stats update. As you may remember from 5 weeks ago we hit a record high of new listings at 320. Well guess what, this week we surpassed that record with 341 new listings! This adds a lot more inventory to London's housing market and gives buyers a lot more options to choose from. We are still considered to be in a balanced market...

Happy Labour Day weekend! I hope everyone enjoyed your long weekend with friends and family. This past week in London saw 184 new listings, 67 conditional sales and 93 Solds! The last two categories are pretty steady however new listings are dropping considerably from where they were a month ago (320). Remember to drive safely with school starting again this week and excited children running ar...

I'm in the homestretch of the Great Cycle Challenge! All through August I'm riding 600km to raise funds and awareness to Fight Kids' Cancer. 💛🎗️ I've hit my fundraising goal of $1500 however there is still time to support this great cause! 🙏 greatcyclechallenge.ca/Riders/DaleMarsh In the past week in London, we saw 257 new listings, 84 conditionally sold, and 97 Solds! New listings are strong, ...

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