Residential Market Activity

February 2018

Prepared for the London & St. Thomas Association of REALTORS®

by the Canadian Real Estate Association
 0
200
400
600
800
1,000

0
500
1,000
1,500
2,000
2,500
3,000
3,500

$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2009 3,213 2009 488
Jan 2009 2010 2,680 2010 603
2011 2,984 2011 565

Jan 2010 2012 3,079 2012 673

Source: Canadian MLS® Systems, CREA

2013 2,839 2013 585
2014 2,935 2014 517
Jan 2011
2015 2,895 2015 541
Sales activity (February only)

Active listings (February only)

2016 2,351 2016 666
Jan 2012 2017 1,499 2017 798
2018 1,103 2018 536

Jan 2013

0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0

Average Price
0
200
400
600
800
1,000
1,200
1,400

Jan 2014 2009 6.6 2009 1,119

2010 4.4 2010 1,137
Residential Market Activity
London and St. Thomas

Jan 2015 2011 5.3 2011 1,185

2012 4.6 2012 1,333
2013 4.9 2013 1,113
Jan 2016
2014 5.7 2014 1,056
2015 5.4 2015 1,119
New listings (February only)

Jan 2017 2016 1,098

2016 3.5
Months of inventory (February only)

2017 1.9 2017 1,042

Jan 2018 2018 2.1 2018 771

 0
200
400
600
800
1,000
1,200
1,400
1,600

0
500
1,000
1,500
2,000
2,500
3,000
3,500
2009 3,139 2009 833
2010 2,568 2010 1,090
2011 2,849 2011 995
2012 2,957 2012 1,141

Source: Canadian MLS® Systems, CREA

2013 2,775 2013 1,033
2014 2,866 2014 908
2015 2,798 2015 1,004
Sales activity (February YTD)

Active listings (February YTD)

2016 2,313 2016 1,143
2017 1,455 2017 1,360
2018 1,059 2018 968

0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
0
500
1,000
1,500
2,000
2,500
3,000

2009 7.5
2009 2,236
2010 4.7
Residential Market Activity
London and St. Thomas

2010 2,246
2011 5.7
2011 2,368
2012 5.2
2012 2,641
2013 5.4
2013 2,333
2014 6.3
2014 2,232
2015 5.6
2015 2,268
New listings (February YTD)

2016 4.0
2016 2,152
Months of inventory (February YTD)

2017 2.1
2017 1,955
2018 2.2
2018 1,414
 London and St. Thomas
Residential Market Activity

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Actual ago ago ago ago ago
2018 February February February February February February
2017 2016 2015 2013 2011 2008
Sales Activity 536 -32.8 -19.5 -0.9 -8.4 -5.1 -23.4
Dollar Volume $187,518,613 -25.6 3.1 43.1 30.0 41.8 24.1
New Listings 771 -26.0 -29.8 -31.1 -30.7 -34.9 -35.5
Active Listings 1,103 -26.4 -53.1 -61.9 -61.1 -63.0 -59.6
Sales to New Listings Ratio1 69.5 76.6 60.7 48.3 52.6 47.7 58.5
Months of Inventory 2 2.1 1.9 3.5 5.4 4.9 5.3 3.9
Average Price $349,848 10.8 28.1 44.5 41.9 49.5 62.1

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date ago ago ago ago ago
2018 February February February February February February
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 968 -28.8 -15.3 -3.6 -6.3 -2.7 -18.2
Dollar Volume $332,933,314 -21.2 7.7 35.8 33.3 45.1 29.6
New Listings 1,414 -27.7 -34.3 -37.7 -39.4 -40.3 -45.2
Active Listings3 1,059 -27.2 -54.2 -62.2 -61.8 -62.8 -59.8
Sales to New Listings Ratio4 68.5 69.6 53.1 44.3 44.3 42.0 45.9
Months of Inventory 5 2.2 2.1 4.0 5.6 5.4 5.7 4.5
Average Price $343,939 10.7 27.1 40.9 42.3 49.1 58.5

1
Sales / new listings * 100
2
Active listings at month end / monthly sales
3
The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year
4
Sum of sales from January to current month / sum of new listings from January to current month
5
Average active listings from January to current month / average sales from January to current month
6
Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes

Source: Canadian MLS® Systems, CREA

 0
10
20
30
40
50
60

50
0
100
150
200
250
300
350
400

$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
2009 373 2009 21
Jan 2009 2010 333 2010 30
2011 311 2011 31

Jan 2010 2012 322 2012 40

Source: Canadian MLS® Systems, CREA

2013 350 2013 27
2014 314 2014 17
Jan 2011
2015 287 2015 39
Sales activity (February only)

Active listings (February only)

2016 241 2016 49
Jan 2012 2017 133 2017 49
2018 92 2018 38

Jan 2013

10.0
15.0
20.0

0.0
5.0

Average Price
20
40
60
80

0
100
120
Elgin County

Jan 2014 2009 17.8 2009 87

2010 11.1 2010 101
Residential Market Activity

Jan 2015 2011 10.0 2011 78

2012 8.1 2012 91
2013 13.0 2013 77
Jan 2016
2014 18.5 2014 68
2015 7.4 2015 68
New listings (February only)

Jan 2017 2016 76

2016 4.9
Months of inventory (February only)

2017 2.7 2017 53

Jan 2018 2018 2.4 2018 42

 0
20
40
60
80
100

50
0
100
150
200
250
300
350
400
2009 359 2009 44
2010 312 2010 72
2011 303 2011 53
2012 316 2012 72

Source: Canadian MLS® Systems, CREA

2013 338 2013 47
2014 309 2014 33
2015 289 2015 68
Sales activity (February YTD)

Active listings (February YTD)

2016 240 2016 85
2017 140 2017 83
2018 97 2018 74

10.0
15.0
20.0

0.0
5.0
50

0
100
150
200
250
Elgin County

2009 16.3
2009 181
2010 8.7
Residential Market Activity

2010 196
2011 11.4
2011 160
2012 8.8
2012 184
2013 14.4
2013 181
2014 18.7
2014 154
2015 8.5
2015 133
New listings (February YTD)

2016 5.6
2016 150
Months of inventory (February YTD)

2017 3.4
2017 114
2018 2.6
2018 84
 Elgin County
Residential Market Activity

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Actual ago ago ago ago ago
2018 February February February February February February
2017 2016 2015 2013 2011 2008
Sales Activity 38 -22.4 -22.4 -2.6 40.7 22.6 5.6
Dollar Volume $10,676,011 -22.3 2.7 18.0 112.1 62.1 64.1
New Listings 42 -20.8 -44.7 -38.2 -45.5 -46.2 -49.4
Active Listings 92 -30.8 -61.8 -67.9 -73.7 -70.4 -66.2
Sales to New Listings Ratio1 90.5 92.5 64.5 57.4 35.1 39.7 43.4
Months of Inventory 2 2.4 2.7 4.9 7.4 13.0 10.0 7.6
Average Price $280,948 0.1 32.5 21.1 50.7 32.2 55.5

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date ago ago ago ago ago
2018 February February February February February February
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 74 -10.8 -12.9 8.8 57.4 39.6 10.4
Dollar Volume $21,997,311 -5.4 25.2 38.4 121.9 106.8 73.9
New Listings 84 -26.3 -44.0 -36.8 -53.6 -47.5 -53.6
Active Listings3 97 -30.7 -59.6 -66.4 -71.3 -68.0 -62.5
Sales to New Listings Ratio4 88.1 72.8 56.7 51.1 26.0 33.1 37.0
Months of Inventory 5 2.6 3.4 5.6 8.5 14.4 11.4 7.7
Average Price $297,261 6.1 43.8 27.2 40.9 48.1 57.4

1
Sales / new listings * 100
2
Active listings at month end / monthly sales
3
The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year
4
Sum of sales from January to current month / sum of new listings from January to current month
5
Average active listings from January to current month / average sales from January to current month
6
Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes

Source: Canadian MLS® Systems, CREA

 0
100
200
300
400
500
600

0
500
1,000
1,500
2,000

$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2009 1,750 2009 351
Jan 2009 2010 1,401 2010 442
2011 1,687 2011 410

Jan 2010 2012 1,728 2012 502

Source: Canadian MLS® Systems, CREA

2013 1,478 2013 442
2014 1,543 2014 385
Jan 2011
2015 1,544 2015 377
Sales activity (February only)

Active listings (February only)

2016 1,219 2016 467
Jan 2012 2017 763 2017 547
2018 599 2018 364

Jan 2013
London

0.0
1.0
2.0
3.0
4.0
5.0
6.0

Average Price
0
200
400
600
800
1,000

Jan 2014 2009 5.0 2009 783

2010 3.2 2010 767
Residential Market Activity

Jan 2015 2011 4.1 2011 819

2012 3.4 2012 916
2013 3.3 2013 744
Jan 2016
2014 4.0 2014 688
2015 4.1 2015 762
New listings (February only)

Jan 2017 2016 742

2016 2.6
Months of inventory (February only)

2017 1.4 2017 694

Jan 2018 2018 1.6 2018 534

 0
200
400
600
800
1,000

0
500
1,000
1,500
2,000
2009 1,694 2009 598
2010 1,340 2010 767
2011 1,597 2011 712
2012 1,664 2012 821

Source: Canadian MLS® Systems, CREA

2013 1,459 2013 773
2014 1,508 2014 666
2015 1,480 2015 700
Sales activity (February YTD)

Active listings (February YTD)

2016 1,198 2016 796
2017 734 2017 924
2018 555 2018 647
London

0.0
1.0
2.0
3.0
4.0
5.0
6.0
0
500
1,000
1,500
2,000

2009 5.7
2009 1,511
2010 3.5
Residential Market Activity

2010 1,489
2011 4.5
2011 1,594
2012 4.1
2012 1,814
2013 3.8
2013 1,529
2014 4.5
2014 1,506
2015 4.2
2015 1,539
New listings (February YTD)

2016 3.0
2016 1,424
Months of inventory (February YTD)

2017 1.6
2017 1,281
2018 1.7
2018 968
 London
Residential Market Activity

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Actual ago ago ago ago ago
2018 February February February February February February
2017 2016 2015 2013 2011 2008
Sales Activity 364 -33.5 -22.1 -3.4 -17.6 -11.2 -28.8
Dollar Volume $129,825,825 -25.7 -1.0 40.6 17.5 35.5 16.0
New Listings 534 -23.1 -28.0 -29.9 -28.2 -34.8 -38.3
Active Listings 599 -21.5 -50.9 -61.2 -59.5 -64.5 -62.9
Sales to New Listings Ratio1 68.2 78.8 62.9 49.5 59.4 50.1 59.0
Months of Inventory 2 1.6 1.4 2.6 4.1 3.3 4.1 3.2
Average Price $356,664 11.7 27.0 45.6 42.6 52.6 62.8

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date ago ago ago ago ago
2018 February February February February February February
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 647 -30.0 -18.7 -7.6 -16.3 -9.1 -24.6
Dollar Volume $228,507,405 -21.4 2.4 31.9 20.4 37.0 23.0
New Listings 968 -24.4 -32.0 -37.1 -36.7 -39.3 -47.0
Active Listings3 555 -24.4 -53.7 -62.5 -62.0 -65.2 -64.0
Sales to New Listings Ratio4 66.8 72.1 55.9 45.5 50.6 44.7 47.0
Months of Inventory 5 1.7 1.6 3.0 4.2 3.8 4.5 3.6
Average Price $353,180 12.3 26.0 42.7 43.9 50.7 63.1

1
Sales / new listings * 100
2
Active listings at month end / monthly sales
3
The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year
4
Sum of sales from January to current month / sum of new listings from January to current month
5
Average active listings from January to current month / average sales from January to current month
6
Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes

Source: Canadian MLS® Systems, CREA

 0
50
100
150
200

0
100
200
300
400
500
600

$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
2009 502 2009 101
Jan 2009 2010 373 2010 135
2011 484 2011 142

Jan 2010 2012 462 2012 150

Source: Canadian MLS® Systems, CREA

2013 430 2013 129
2014 445 2014 125
Jan 2011
2015 430 2015 116
Sales activity (February only)

Active listings (February only)

2016 317 2016 145
Jan 2012 2017 235 2017 169
2018 151 2018 135

Jan 2013

0.0
1.0
2.0
3.0
4.0
5.0
6.0

Average Price
50
0
100
150
200
250
300
London East

Jan 2014 2009 5.0 2009 269

2010 2.8 2010 246
Residential Market Activity

Jan 2015 2011 3.4 2011 271

2012 3.1 2012 253
2013 3.3 2013 220
Jan 2016
2014 3.6 2014 208
2015 3.7 2015 201
New listings (February only)

Jan 2017 2016 210

2016 2.2
Months of inventory (February only)

2017 1.4 2017 208

Jan 2018 2018 1.1 2018 170

 0
50
100
150
200
250
300

0
100
200
300
400
500
2009 456 2009 182
2010 355 2010 235
2011 446 2011 226
2012 444 2012 247

Source: Canadian MLS® Systems, CREA

2013 422 2013 238
2014 442 2014 210
2015 423 2015 219
Sales activity (February YTD)

Active listings (February YTD)

2016 315 2016 225
2017 231 2017 282
2018 146 2018 223

0.0
1.0
2.0
3.0
4.0
5.0
6.0
0
100
200
300
400
500
600
London East

2009 5.0
2009 458
2010 3.0
Residential Market Activity

2010 443
2011 3.9
2011 489
2012 3.6
2012 506
2013 3.5
2013 470
2014 4.2
2014 457
2015 3.9
2015 423
New listings (February YTD)

2016 2.8
2016 401
Months of inventory (February YTD)

2017 1.6
2017 393
2018 1.3
2018 298
 London East
Residential Market Activity

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Actual ago ago ago ago ago
2018 February February February February February February
2017 2016 2015 2013 2011 2008
Sales Activity 135 -20.1 -6.9 16.4 4.7 -4.9 -9.4
Dollar Volume $38,714,004 -11.7 24.9 87.9 43.7 31.8 44.1
New Listings 170 -18.3 -19.0 -15.4 -22.7 -37.3 -39.1
Active Listings 151 -35.7 -52.4 -64.9 -64.9 -68.8 -69.7
Sales to New Listings Ratio1 79.4 81.3 69.0 57.7 58.6 52.4 53.4
Months of Inventory 2 1.1 1.4 2.2 3.7 3.3 3.4 3.3
Average Price $286,770 10.5 34.1 61.4 37.3 38.7 59.1

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date ago ago ago ago ago
2018 February February February February February February
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 223 -20.9 -0.9 1.8 -6.3 -1.3 -14.9
Dollar Volume $65,241,104 -5.5 33.8 51.4 34.7 39.7 36.4
New Listings 298 -24.2 -25.7 -29.6 -36.6 -39.1 -47.7
Active Listings3 146 -36.8 -53.7 -65.5 -65.4 -67.3 -68.6
Sales to New Listings Ratio4 74.8 71.8 56.1 51.8 50.6 46.2 46.0
Months of Inventory 5 1.3 1.6 2.8 3.9 3.5 3.9 3.5
Average Price $292,561 19.5 35.0 48.7 43.8 41.6 60.2

1
Sales / new listings * 100
2
Active listings at month end / monthly sales
3
The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year
4
Sum of sales from January to current month / sum of new listings from January to current month
5
Average active listings from January to current month / average sales from January to current month
6
Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes

Source: Canadian MLS® Systems, CREA

 0
50
100
150
200

0
100
200
300
400
500
600
700

$0
$100,000
$200,000
$300,000
$400,000
$500,000
2009 514 2009 107
Jan 2009 2010 433 2010 132
2011 529 2011 124

Jan 2010 2012 600 2012 172

Source: Canadian MLS® Systems, CREA

2013 529 2013 153
2014 538 2014 105
Jan 2011
2015 516 2015 120
Sales activity (February only)

Active listings (February only)

2016 487 2016 167
Jan 2012 2017 229 2017 171
2018 192 2018 104

Jan 2013

0.0
1.0
2.0
3.0
4.0
5.0
6.0

Average Price
50
0
100
150
200
250
300
350
London North

Jan 2014 2009 4.8 2009 236

2010 3.3 2010 237
Residential Market Activity

Jan 2015 2011 4.3 2011 279

2012 3.5 2012 324
2013 3.5 2013 272
Jan 2016
2014 5.1 2014 212
2015 4.3 2015 270
New listings (February only)

Jan 2017 2016 274

2016 2.9
Months of inventory (February only)

2017 1.3 2017 226

Jan 2018 2018 1.8 2018 173

 London North
Residential Market Activity

Sales activity (February YTD) New listings (February YTD)

350 700
300 600

650
299
500

282
250
276

525
522

522
259

513
243
236

462
400

460
459
200

224

398
194

188
300
181

150

301
100 200
50 100
0 0

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Active listings (February YTD) Months of inventory (February YTD)

700 6.0
600 5.0 5.5

5.4
575

500
4.0
522
515

4.3
500

498

4.2
4.2
484
483

4.0
400
3.0
407

3.4
3.3

300
2.0
200

1.8
213

1.0
172

1.4
100
0 0.0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Source: Canadian MLS® Systems, CREA

 London North
Residential Market Activity

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Actual ago ago ago ago ago
2018 February February February February February February
2017 2016 2015 2013 2011 2008
Sales Activity 104 -39.2 -37.7 -13.3 -32.0 -16.1 -36.2
Dollar Volume $44,195,717 -30.4 -23.9 17.4 -0.8 23.5 9.6
New Listings 173 -23.5 -36.9 -35.9 -36.4 -38.0 -32.2
Active Listings 192 -16.2 -60.6 -62.8 -63.7 -63.7 -61.6
Sales to New Listings Ratio1 60.1 75.7 60.9 44.4 56.3 44.4 63.9
Months of Inventory 2 1.8 1.3 2.9 4.3 3.5 4.3 3.1
Average Price $424,959 14.5 22.1 35.4 45.9 47.2 71.8

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date ago ago ago ago ago
2018 February February February February February February
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 188 -37.1 -33.3 -16.1 -27.4 -20.3 -24.2
Dollar Volume $77,134,098 -30.7 -19.1 12.3 3.7 16.0 24.7
New Listings 301 -24.4 -41.3 -42.7 -42.3 -42.3 -45.7
Active Listings3 172 -19.2 -64.4 -64.5 -66.6 -65.5 -64.2
Sales to New Listings Ratio4 62.5 75.1 55.0 42.7 49.6 45.2 44.8
Months of Inventory 5 1.8 1.4 3.4 4.3 4.0 4.2 3.9
Average Price $410,288 10.2 21.4 33.8 42.9 45.6 64.5

1
Sales / new listings * 100
2
Active listings at month end / monthly sales
3
The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year
4
Sum of sales from January to current month / sum of new listings from January to current month
5
Average active listings from January to current month / average sales from January to current month
6
Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes

Source: Canadian MLS® Systems, CREA

 London South
Residential Market Activity

Sales activity (February only) New listings (February only)

250 400
350
200

339
300

207

291
250
180

284
278
175

150

269

268

260
258
160

252
155

155
200
144
143

141

125
100

191
150
100
50
50
0 0

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Active listings (February only) Months of inventory (February only)

800 6.0
700 5.0
734

5.1
674

600
666

4.7
4.0
598
595

500

4.2
560
519

3.7

3.6
400 3.0
3.4

3.2
415

300

2.7
2.0
299

2.0
200
256

1.0

1.4
100
0 0.0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Average Price
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Jan 2009

Jan 2010

Jan 2011

Jan 2012

Jan 2013

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Source: Canadian MLS® Systems, CREA

 London South
Residential Market Activity

Sales activity (February YTD) New listings (February YTD)

400 700
350 600

658
343

593

591
587

587
583
300 500

537
298

510
289

289
250

490
276
400
262
257
250

236
200
235

369
300
150
200
100
50 100
0 0

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Active listings (February YTD) Months of inventory (February YTD)

800 7.0
700 6.0
738

6.3
600
653
645

5.0

5.2
578

573

500
544

4.0
523

4.5
4.3

4.2
400
4.0

3.8
3.0
400

300

2.8
2.0
290

200
237

2.0
1.7
100 1.0
0 0.0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Source: Canadian MLS® Systems, CREA

 London South
Residential Market Activity

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Actual ago ago ago ago ago
2018 February February February February February February
2017 2016 2015 2013 2011 2008
Sales Activity 125 -39.6 -19.4 -11.3 -21.9 -13.2 -37.2
Dollar Volume $46,916,104 -30.4 11.5 37.6 20.2 53.1 4.8
New Listings 191 -26.5 -26.0 -34.4 -24.2 -29.0 -42.5
Active Listings 256 -14.4 -38.3 -57.2 -50.7 -62.0 -58.6
Sales to New Listings Ratio1 65.4 79.6 60.1 48.5 63.5 53.5 59.9
Months of Inventory 2 2.0 1.4 2.7 4.2 3.2 4.7 3.1
Average Price $375,329 15.3 38.2 55.2 53.9 76.3 66.9

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date ago ago ago ago ago
2018 February February February February February February
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 236 -31.2 -18.3 -8.2 -14.5 -5.6 -32.2
Dollar Volume $86,132,203 -21.9 9.1 40.1 28.6 60.5 13.1
New Listings 369 -24.7 -27.6 -37.6 -31.3 -36.7 -47.4
Active Listings3 237 -18.3 -40.8 -58.6 -54.7 -63.7 -60.3
Sales to New Listings Ratio4 64.0 70.0 56.7 43.5 51.4 42.9 49.6
Months of Inventory 5 2.0 1.7 2.8 4.5 3.8 5.2 3.4
Average Price $364,967 13.6 33.6 52.5 50.4 70.1 66.8

1
Sales / new listings * 100
2
Active listings at month end / monthly sales
3
The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year
4
Sum of sales from January to current month / sum of new listings from January to current month
5
Average active listings from January to current month / average sales from January to current month
6
Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes

Source: Canadian MLS® Systems, CREA

 0
10
20
30
40
50
60

50
0
100
150
200
250
300
350
400

$0
$100,000
$200,000
$300,000
$400,000
$500,000
2009 323 2009 32
Jan 2009 2010 274 2010 43
2011 252 2011 29

Jan 2010 2012 321 2012 40

Source: Canadian MLS® Systems, CREA

2013 344 2013 31
2014 357 2014 32
Jan 2011
2015 347 2015 30
Sales activity (February only)

Active listings (February only)

2016 276 2016 44
Jan 2012 2017 209 2017 54
2018 152 2018 38

Jan 2013

10.0
12.0
14.0

0.0
2.0
4.0
6.0
8.0

Average Price
20
40
60
80

0
100
120
140

Jan 2014 2009 10.1 2009 76

Middlesex County

2010 6.4 2010 84

Residential Market Activity

Jan 2015 2011 8.7 2011 77

2012 8.0 2012 106
2013 11.1 2013 118
Jan 2016
2014 11.2 2014 117
2015 11.6 2015 102
New listings (February only)

Jan 2017 2016 106

2016 6.3
Months of inventory (February only)

2017 3.9 2017 88

Jan 2018 2018 4.0 2018 63

 Middlesex County
Residential Market Activity

Sales activity (February YTD) New listings (February YTD)

120 250

238
100

225
200

105

213
204
202
191
80

184
183
150

171
81

76

72
60
69

62
61

100
58

118
57

40
48

20 50

0 0

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Active listings (February YTD) Months of inventory (February YTD)

400 14.0
350 12.0 13.3

12.1
346

300
334
325

10.0
319

10.8
305

10.6
250
271

268

8.0

8.8
247

200 8.5
6.0

7.0
201

6.7

150
152

100 4.0

4.2
3.8
50 2.0
0 0.0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Source: Canadian MLS® Systems, CREA

 Middlesex County
Residential Market Activity

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Actual ago ago ago ago ago
2018 February February February February February February
2017 2016 2015 2013 2011 2008
Sales Activity 38 -29.6 -13.6 26.7 22.6 31.0 -20.8
Dollar Volume $16,187,059 -21.3 -0.2 78.1 107.0 70.8 26.4
New Listings 63 -28.4 -40.6 -38.2 -46.6 -18.2 -23.2
Active Listings 152 -27.3 -44.9 -56.2 -55.8 -39.7 -40.4
Sales to New Listings Ratio1 60.3 61.4 41.5 29.4 26.3 37.7 58.5
Months of Inventory 2 4.0 3.9 6.3 11.6 11.1 8.7 5.3
Average Price $425,975 11.8 15.5 40.6 68.9 30.3 59.6

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date ago ago ago ago ago
2018 February February February February February February
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 72 -31.4 -5.3 16.1 18.0 24.1 -10.0
Dollar Volume $30,914,369 -22.6 17.7 84.7 100.6 70.3 38.3
New Listings 118 -38.2 -41.6 -42.2 -50.4 -35.9 -38.9
Active Listings3 152 -24.4 -43.3 -54.5 -53.2 -38.5 -39.7
Sales to New Listings Ratio4 61.0 55.0 37.6 30.4 25.6 31.5 41.5
Months of Inventory 5 4.2 3.8 7.0 10.8 10.6 8.5 6.3
Average Price $429,366 12.9 24.3 59.0 70.0 37.2 53.6

1
Sales / new listings * 100
2
Active listings at month end / monthly sales
3
The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year
4
Sum of sales from January to current month / sum of new listings from January to current month
5
Average active listings from January to current month / average sales from January to current month
6
Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes

Source: Canadian MLS® Systems, CREA

 St. Thomas
Residential Market Activity

Sales activity (February only) New listings (February only)

80 120
70 100

70
60

99

92
80

90
87
50

84
52

52
51
50

74
73
40 60

69
46
44

44

65
42

60
37

30 40
20
20
10
0 0

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Active listings (February only) Months of inventory (February only)

350 7.0
300 6.0
318

6.1

6.1
250 5.0

5.3
5.0
4.9
4.0

4.6
200
229
224

223

4.3
215

215
203

150 3.0
159

3.1
100 2.0
105

50 1.0

1.5
1.4
71

0 0.0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Average Price
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Jan 2009

Jan 2010

Jan 2011

Jan 2012

Jan 2013

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Source: Canadian MLS® Systems, CREA

 0
20
40
60
80
100
120
140

50
0
100
150
200
250
300
350
2009 330 2009 78
2010 215 2010 83
2011 220 2011 89
2012 203 2012 72

Source: Canadian MLS® Systems, CREA

2013 202 2013 86
2014 213 2014 73
2015 215 2015 97
Sales activity (February YTD)

Active listings (February YTD)

2016 155 2016 82
2017 103 2017 117
2018 70 2018 82

10.0

0.0
2.0
4.0
6.0
8.0
St. Thomas

50

0
100
150
200

2009 8.4
2009 170
2010 5.2
Residential Market Activity

2010 155
2011 4.9
2011 175
2012 5.6
2012 183
2013 4.7
2013 167
2014 5.8
2014 161
2015 4.4
2015 159
New listings (February YTD)

2016 3.8
2016 157
Months of inventory (February YTD)

2017 1.8
2017 152
2018 1.7
2018 107
 St. Thomas
Residential Market Activity

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Actual ago ago ago ago ago
2018 February February February February February February
2017 2016 2015 2013 2011 2008
Sales Activity 52 -25.7 2.0 4.0 18.2 13.0 -7.1
Dollar Volume $15,983,916 -5.3 44.5 49.5 95.1 73.7 68.3
New Listings 60 -28.6 -18.9 -13.0 -17.8 -33.3 -10.4
Active Listings 71 -32.4 -55.3 -67.0 -65.0 -69.0 -64.7
Sales to New Listings Ratio1 86.7 83.3 68.9 72.5 60.3 51.1 83.6
Months of Inventory 2 1.4 1.5 3.1 4.3 4.6 5.0 3.6
Average Price $307,383 27.4 41.7 43.7 65.1 53.7 81.2

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date ago ago ago ago ago
2018 February February February February February February
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 82 -29.9 0.0 -15.5 -4.7 -7.9 -10.9
Dollar Volume $23,397,966 -12.0 36.3 15.8 41.7 42.9 40.9
New Listings 107 -29.6 -31.8 -32.7 -35.9 -38.9 -31.0
Active Listings3 70 -32.0 -54.8 -67.4 -65.3 -68.2 -65.5
Sales to New Listings Ratio4 76.6 77.0 52.2 61.0 51.5 50.9 59.4
Months of Inventory 5 1.7 1.8 3.8 4.4 4.7 4.9 4.4
Average Price $285,341 25.6 36.3 37.0 48.7 55.1 58.1

1
Sales / new listings * 100
2
Active listings at month end / monthly sales
3
The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year
4
Sum of sales from January to current month / sum of new listings from January to current month
5
Average active listings from January to current month / average sales from January to current month
6
Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes

Source: Canadian MLS® Systems, CREA

 0
5
10
15
20
25
30

20
40
60
80

0
100
120
140

$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
2009 115 2009 16
Jan 2009 2010 85 2010 17
2011 98 2011 14

Jan 2010 2012 79 2012 15

Source: Canadian MLS® Systems, CREA

2013 73 2013 10
2014 106 2014 12
Jan 2011
2015 82 2015 20
Sales activity (February only)

Active listings (February only)

2016 84 2016 16
Jan 2012 2017 56 2017 27
2018 45 2018 14

Jan 2013

10.0

0.0
2.0
4.0
6.0
8.0

Average Price
10
15
20
25
30
35

0
5
Strathroy

Jan 2014 2009 7.2 2009 22

2010 5.0 2010 30
Residential Market Activity

Jan 2015 2011 7.0 2011 33

2012 5.3 2012 28
2013 7.3 2013 26
Jan 2016
2014 8.8 2014 23
2015 4.1 2015 31
New listings (February only)

Jan 2017 2016 32

2016 5.3
Months of inventory (February only)

2017 2.1 2017 27

Jan 2018 2018 3.2 2018 22

 Strathroy
Residential Market Activity

Sales activity (February YTD) New listings (February YTD)

50 80
70

76
47
40 60

65
62
59

59
50

55
55
30

54
33
32

31

48
30
30
40

44
25

25
20 30
23

21

20
10
10
0 0

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Active listings (February YTD) Months of inventory (February YTD)

140 12.0
120 10.0 10.1
117

100
8.0
105

8.4
80
91

7.2
83

6.0
80

6.7
78
76

60
71

5.3
5.2
5.2

4.0 4.9
57

40
42

20 2.0

2.5
2.4
0 0.0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Source: Canadian MLS® Systems, CREA

 Strathroy
Residential Market Activity

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Actual ago ago ago ago ago
2018 February February February February February February
2017 2016 2015 2013 2011 2008
Sales Activity 14 -48.1 -12.5 -30.0 40.0 0.0 -17.6
Dollar Volume $4,551,003 -45.9 4.1 2.1 112.9 57.7 39.8
New Listings 22 -18.5 -31.3 -29.0 -15.4 -33.3 -33.3
Active Listings 45 -19.6 -46.4 -45.1 -38.4 -54.1 -50.0
Sales to New Listings Ratio1 63.6 100.0 50.0 64.5 38.5 42.4 51.5
Months of Inventory 2 3.2 2.1 5.3 4.1 7.3 7.0 5.3
Average Price $325,072 4.2 19.0 45.9 52.0 57.7 69.8

Compared to6
February 2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date ago ago ago ago ago
2018 February February February February February February
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 33 -29.8 10.0 10.0 57.1 32.0 10.0
Dollar Volume $9,908,463 -33.2 32.3 50.1 120.6 89.2 74.2
New Listings 44 -18.5 -32.3 -25.4 -20.0 -42.1 -38.9
Active Listings3 42 -26.3 -47.5 -46.2 -40.8 -53.8 -52.3
Sales to New Listings Ratio4 75.0 87.0 46.2 50.8 38.2 32.9 41.7
Months of Inventory 5 2.5 2.4 5.3 5.2 6.7 7.2 5.9
Average Price $300,256 -4.8 20.3 36.5 40.4 43.3 58.4

1
Sales / new listings * 100
2
Active listings at month end / monthly sales
3
The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year
4
Sum of sales from January to current month / sum of new listings from January to current month
5
Average active listings from January to current month / average sales from January to current month
6
Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes

Source: Canadian MLS® Systems, CREA