St.Thomas Ontario Real Estate Not All Realtors Are The Same

    St.Thomas Real Estate Market in August 2019 a Sellers Market

    St. Thomas, which is still very much a Sellers’ Market with the sales-to-new listings ratio was higher than in London – 78.9% versus 69.6% – which means that the existing market conditions in the Railway City favour home sellers. The inventory (homes for sale) continues to be very low in St. Thomas, while the average home sale price sits at an all-time high of $322,868, up 3.7 % from July 2018.

    According to the May 2019 reports by the Canadian Real Estate Association (CREA),  in London, the median number of days on the market (to sell) was 13.5. In Elgin County 20, in Middlesex County 24, while in St. Thomas and Strathroy it was 12.

     

    Area July Average Sale Price
    Elgin County $354,758
    London $414,684
    Middlesex County $477,616
    St. Thomas $322,868
    Strathroy $378,752
    LSTAR $404,958