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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.

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.

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.

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.

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.

The London median home price increased slightly in May, confirming an upward trend. The median price rose by $5,000.00 from its level in April and has increased by $77,550 since January 2023. The year-to-year comparable shows that the median price remains below the May 2022 level (-8.8%) but the year-to-year comparative difference continues to tighten. All three of the London residential areas indicate that the median price levels are below the same period in 2022 but the comparative difference has reduced significantly since the start of the year.

The London median home price increased significantly in April, indicating an upward trend. The median price rose by $40,000.00 from its level in March and has increased by $72,550.00 since the beginning of 2023. The year-to-year comparable shows that the median price remains below the April 2022 level (-12.1%) but the comparative difference has tightened. All three of the London residential areas indicate that the median price levels are below the same period in 2022 but the comparative difference has reduced since the start of the year.

The London median home price increased slightly in March. The median price declined by $8,600.00 from its level in February. Continued volatility in the median price can be expected at this time as the market stabilizes. The year-to-year comparable shows that the median price is below the March 2022 level (-25.2%). All three of the London residential areas indicate that the median price levels are below the same period in 2022.

The London median home price had a significant increase in February. The median price rose by $41,100.00 from its level in January. Volatility in the median price can be expected at this time but the sharp rise this month, in combination with other factors, might be an early sign of market stability. The year-to-year comparable shows that the median price is below the February 2022 level (-24.1%). All three of the London residential areas indicate that the median price levels are below the same period in 2022.

The London median home price continued to decline in January. The median price dropped by $14,000.00 from its level in December of last year. The year-to-year comparable shows that the median price dropped below the January 2022 level (-27.1%). All three of the London residential areas showed declines in the median price levels compared to the same period in 2022.