June Housing Report: Significant fluctuations in London and St. Thomas real estate market

The London and St. Thomas Association of Realtors reported 678 homes sold in June with 1,510 new listings. Average prices varied: Central Elgin rose to $822,389, London East to $530,031, London North decreased to $753,575, and Middlesex Centre increased to $1,164,378. LSTAR Chair noted market resilience and adaptability, with overall average home price at $671,309. St. Thomas saw average home price drop to $565,596 in June from $575,071 in May.

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