You have just discovered the best place to find out what is happening in the exciting city of London Ontario! 

Take some time to peruse through some of my latest Blogs where you will find out more about upcoming local events and the latest news that matters most to our community.

 

May 13, 2024

London Home Prices Move Higher

Chris Bramwell Market Report April 2024

The London median home price continued to rise. April median prices increased $25,500 from last month and have risen $40,000.00 since the beginning of 2024. Home prices continued their movement upward even though sales activity in April was only modestly higher than in March. I have noticed that properties in highly desirable areas are moving quickly. However, other properties may sit on the market due to their location and the implementation of an ineffective pricing/marketing strategy.

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Posted in Market Updates
March 8, 2024

London Market Activity Surges

Chris Bramwell Market Report February 2024

The London median home price increased by $10,000.00 from last month. This departure from declines in median prices in recent months was due primarily to increased sales activity. The impact of increasing market activity is evident throughout this report. The London Market Price Comparison showed that the median price was slightly below the February 2023 level. I will be watching this year-to-year comparison to see if 2024 median price will track on a similar upward path as last year.

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Posted in Market Updates
Feb. 7, 2024

London Market Reaches a Turning Point

Chris Bramwell Market Report January 2024

The London median home price returned to its seven-month trend line in January. In June of 2023, the Median price was $628,200.00 and has declined each month with the notable exception of December when prices rose unexpectedly. The median price has declined by $53,200.00 from June 2023 through to January 2024.

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Posted in Market Updates
Jan. 16, 2024

Median Home Price Rises

Chris Bramwell Market Report December 2023

The London median home price took an unexpected move upwards in December. The median price rose by $26,500.00 from the level in November. The London Market Price Comparison showed that the median price was 2.0% above the December 2022 level. The Market Area Comparison was fairly consistent in the North and South however, the East showed a significant increase of 20%. This may be an anomaly caused by the low sales volume and the mixture of the value of properties sold during the month.

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Posted in Market Updates
Dec. 6, 2023

Steep Decline in Median Home Price

Chris Bramwell Market Report November 2023

The London median home price continued its downward trend in November. The median price moved lower by $23,500 from the level in October. The London Market Price Comparison showed that the median price was 1.8% below the November 2022 level. The Market Area Comparison was fairly consistent with the exception of the North which showed a growth of 6.2%.

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Posted in Market Updates
Nov. 3, 2023

London Prices Continue to Decline

Chris Bramwell Market Report October 2023

The London median home price continued its slide in October. The median price moved lower by $8,250.00 from its level in September. The London Market Price Comparison showed that the median price was 1.5% above the October 2022 level. This result was due to the increase in Median price in the South area. The Market Area Comparison showed continued growth in the Median price within the South market area (+12.1%) when compared to the period last year. The East and North did not perform as well, showing a decline in the East of -0.5% and no change in the North.

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Posted in Market Updates
Oct. 5, 2023

London Home Prices Drift Lower

Chris Bramwell Market Report September 2023

The London median home price continued to decline in September. The median price moved lower by $1,250.00 from its level in August however, the pace of the decline appears to be slowing. The Market Price Comparison shows that the median price is only +.3% above the September 2022 level. I will be watching closely to see if the year-to-year comparison turns negative in the coming months. This could indicate further median price erosion in the market. London Market Area Comparison showed a high degree of variability this month. The East had a decline of (-5.5%) and the North and South showed a 3.2% and 6.3% increase respectively, in median price when compared to the same period last year.

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Posted in Market Updates
Sept. 6, 2023

Median Price Continues to Decline

Chris Bramwell Market Report August 2023

The London median home price decreased slightly in August. The median price declined by $7,000.00 from its level in July. Declines in the median price were more significant in the North (-5%) and the East (-4%) Market Area. The significant increase in the median price (+15.2%) within the Southern Area Single-Family Market segment did affect the overall market results.

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Posted in Market Updates
Aug. 9, 2023

London Market Stalls

Chris Bramwell Market Report July 2023

The London median home price decreased significantly in July. The median price declined by $28,200.00 from its level in June. There are signs that the increases in mortgage rates are starting to impact the market. One of the key measurements affected by escalating mortgage costs has been Sales volume. It is expected that sales during the summer months slow, however, the drop in sales activity during July was larger than anticipated.

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Posted in Market Updates
July 7, 2023

Home Prices Rise Slightly

Chris Bramwell Market Report June 2023

The London median home price had a modest gain in June. The median price rose by $3,200.00 from its level in May and has increased by $80,750.00 since January 2023. The year-to-year comparable shows that the median price remains slightly below the June 2022 level. Both North and South London residential areas are showing their median prices are less than the same period last year. However, East London showed an increase in median price when compared to June 2022.

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Posted in Market Updates