Residential sales activity in London and St. Thomas slowed in the second quarter of 2025 compared to the second quarter of 2024.
Residential property sales numbered 2,146 units in the second quarter of 2025, down 9.1% compared to the same quarter in 2024.
Sales slowed 9.4% for single detached homes, were down 10.2% for townhouse and row units, and were down 9% for apartment units compared to a year earlier in the second quarter.
| Summary - Sales by Housing Type | |||
|---|---|---|---|
| Category | Q2-2025 | Q2-2024 | Year-over-year % change |
| Single Detached | 1,545 | 1,705 | -9.4 |
| Townhouse/row | 298 | 332 | -10.2 |
| Apartment | 152 | 167 | -9.0 |
| Summary – Median Price by Housing Type | |||
|---|---|---|---|
| Category | Q2-2025 | Q2-2024 | Year-over-year % change |
| Single Detached | $655,000 | $672,000 | -2.5 |
| Townhouse/row | $530,000 | $538,250 | -1.5 |
| Apartment | $342,750 | $347,000 | -1.2 |
