The drop was larger than expected given current prices and interest rates, said Dale Marsh, LSTAR’s 2025 chair.

Home sales in the London area tumbled in November, dropping nearly 20 per cent and marking the end of a sluggish, disappointing fall market.

A total of 492 homes changed hands across the London region – which includes Strathroy, St. Thomas and portions of Elgin and Middlesex counties – the London and St. Thomas Association of Realtors (LSTAR) reported Wednesday.

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Sales slumped even as home prices, after falling about $45,000 between September and October, remained virtually unchanged in November at about $605,000.

Though home sales typically slow in November, the 19.2-per-cent drop was larger than expected given current prices and interest rates – now at 2.

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