February 2022 Sales Overview for London Ontario

Thursday Mar 24th, 2022

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This is your overview for February for our city. Sales in both January and February virtually matched the sales for the same period a year ago.  401 Homes changed hands in January and 594 homes changed hands in February. The time it takes to sell the average home across the city has been trending downward since November and December last year where it sat at 11 days. Jn January this timeframe dropped to 10 days in January then down to 9 days in February.  This change is driven by... [read more]

Your New Detailed 2021 “Year End” Real Estate Summary for London & St. Thomas

Tuesday Feb 22nd, 2022

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CITY OF LONDON: The number of homes sold increased 15.2% across the city in 2021 over the previous year.    8,029 homes changed hands across London. The number of new listings remained limited based on increasing demand, declining almost 50% in December to 282 new listings across the city. Based on consumer demand, this drove Months’ Supply down, to about only a month’s supply, this was down from almost 3 months’ supply back at the start of the pandemic.... [read more]

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