The London Ontario real estate market picked up in terms of average price from January 2024 to February 2024 rising from approximately $606,000 to $618,000. There has also been a big 33.2% increase in terms of sales activity vs February of last year (2023). The number of newly listed properties also rose from 873 in January to 1024 in February, marking 31.8% increase over a year ago.
With potential interest rate cuts on the horizon, it’ll be interesting to see what happens with the London Ontario real estate market as we get officially into the spring 2024 market. Have a real estate question? Let’s connect today!
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. When not selling real estate in the London Ontario area, Phil can be found supporting community initiatives such as Dad Club London’s pledge for Ronald McDonald House Charities Southwestern Ontario, hanging out with his young family, and playing tennis.