According to LSTAR (London and St. Thomas Association of Realtors), January 2024 was a game-changer for the London Ontario area real estate market compared to what we saw in the Fall of 2023 . Home sales went up by a whopping 28.3% compared to January of last year and that may mean that people are more eager to dive into the market, and buyers are out there making moves.
Home sellers in London Ontario are also throwing their hats into the ring as new listings shot up by 21.8%. It’s like everyone suddenly decided, “Hey, it’s time to get our properties out there!” More choices for buyers, more competition – you know the drill.
London Ontario real estate agent Phil Bailey talks about the 2024 market so far (February 2024)
In my opinion, this jump in sales and listings isn’t just about numbers – it’s a shift in mindset and market sentiment. People are realizing there’s value and potential in the 2024 market, and they’re ready to make moves. As we head into the traditionally busier spring season in London Ontario real estate and with a potential interest rate on the horizon, it’ll be interesting to see how things play out in 2024. Now to get that crystal ball up and running for you!
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About Phil:
Phil Bailey is a top Realtor® in London Ontario with the HouseSigma Inc. Brokerage team. As your real estate agent, he provides outstanding customer service to his clients and he’s always available by phone, text, or email. Phil works throughout London Ontario, Komoka, Kilworth, Thorndale, St. Thomas, Port Stanley, and the surrounding areas helping people buy and sell homes and condos.