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

    St.Thomas RealEstate Market in April 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 $363,947, up 25.5 % from May 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 eight. In Elgin County 22, in Middlesex County 15, while in St. Thomas and Strathroy it was 13.

     

    Area May Average Sale Price
    Elgin County $345,783
    London $423,470
    Middlesex County $487,421
    St. Thomas $363,947
    Strathroy $364,580
    LSTAR $414,878