News

Welcome to LSTAR’s Virtual News Room! Scroll down to explore our statistical and non-statistical News Releases.

Winner of the 2023 Ron Richardson Memorial Award announced

Congratulations to Dale Marsh, the recipient of our first annual Ron Richardson Memorial Award! The name of the Award winner was unveiled at the 2023 Board of Directors Election Meeting on November 8, 2022.

November 8, 2022

Rising Borrowing Costs Further Soften Local Home Sales

In October 2022, the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR) saw 975 new listings and 504 home sales.

November 3, 2022

September Home Sales Continue Cooling Trend

The local housing market continued to cool off in September, with 497 homes exchanging hands via the MLS® System of the London and St. Thomas Association of REALTORS®(LSTAR).

October 4, 2022

August Signals a Soft Landing of the Local Real Estate Market

The number of homes sold in the jurisdiction of the London and St. Thomas Association of REALTORS® (LSTAR) fell by 34.8% in August from the same month last year, but saw an increase over the previous month, which indicates a soft landing of the local real estate market.

September 6, 2022

LSTAR honours 2022 Student Scholarship Award recipients

LSTAR announced today that a total of $6,000 has been awarded to four outstanding students, as they take the next step in their educational journeys. 

August 17, 2022

July Shows More Signs of Market Stabilization

The local housing market continued to cool off in July, with 514 homes exchanging hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR).

August 4, 2022

Market cools off in June

1,727 new residential listings and 663 home sales were recorded in June 2022 in the London-St. Thomas area via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). The local housing supply increased from only 1.7 months of inventory in May to 2.8 months of inventory in June.

July 6, 2022

Inventory Levels Rise, but Prices Remain Elevated

In May 2022, 1,835 new residential listings were posted on the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR), more than in any previous May in the Association’s history.

June 2, 2022

April Figures Suggest a Soft Landing of the Local Real Estate Market

In April 2022, 877 homes traded hands in the London-St. Thomas area and 1,609 new property listings were posted on the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). The local housing supply bounced up to 1.2 months of inventory in April from only 0.6 months in March.

May 4, 2022