Residential Market Activity

March 2018

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

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

0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000

$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2009 3,455 2009 662
Jan 2009 2010 3,135 2010 873
2011 3,330 2011 751

Jan 2010 2012 3,470 2012 775

Source: Canadian MLS® Systems, CREA

2013 3,191 2013 664
2014 3,213 2014 682
Jan 2011
2015 3,207 2015 792
Sales activity (March only)

Active listings (March only)

2016 2,665 2016 877
Jan 2012 2017 1,498 2017 1,238
2018 1,192 2018 769

Jan 2013

0.0
1.0
2.0
3.0
4.0
5.0
6.0

Average Price
0
500
1,000
1,500
2,000

Jan 2014 2009 5.2 2009 1,411

2010 3.6 2010 1,702
Residential Market Activity
London and St. Thomas

Jan 2015 2011 4.4 2011 1,549

2012 4.5 2012 1,613
2013 4.8 2013 1,460
Jan 2016
2014 4.7 2014 1,460
2015 4.0 2015 1,565
New listings (March only)

Jan 2017
2016 3.0 2016 1,558
Months of inventory (March only)

2017 1.2 2017 1,466

Jan 2018 2018 1.6 2018 1,024
 0
500
1,000
1,500
2,000
2,500
3,000

0
500
1,000
1,500
2,000
2,500
3,000
3,500
2009 3,245 2009 1,495
2010 2,757 2010 1,963
2011 3,009 2011 1,746
2012 3,128 2012 1,917

Source: Canadian MLS® Systems, CREA

2013 2,914 2013 1,698
2014 2,981 2014 1,590
2015 2,935 2015 1,796
Sales activity (March YTD)

Active listings (March YTD)

2016 2,430 2016 2,020
2017 1,469 2017 2,598
2018 1,108 2018 1,773

0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
0
1,000
2,000
3,000
4,000
5,000

2009 6.5
2009 3,648
2010 4.2
Residential Market Activity
London and St. Thomas

2010 3,948
2011 5.2
2011 3,917
2012 4.9
2012 4,254
2013 5.1
2013 3,794
2014 5.6
2014 3,692
2015 4.9
New listings (March YTD)

2015 3,835
2016 3.6
Months of inventory (March YTD)

2016 3,710
2017 1.7
2017 3,421
2018 1.9
2018 2,480
 London and St. Thomas
Residential Market Activity

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Actual March 2018 ago ago ago ago ago
March March March March March March
2017 2016 2015 2013 2011 2008
Sales Activity 769 -37.9 -12.3 -2.9 15.8 2.4 1.2
Dollar Volume $280,002,115 -32.5 16.7 34.2 72.0 60.8 76.8
New Listings 1,024 -30.2 -34.3 -34.6 -29.9 -33.9 -21.8
Active Listings 1,192 -20.4 -55.3 -62.8 -62.6 -64.2 -58.9
Sales to New Listings Ratio1 75.1 84.4 56.3 50.6 45.5 48.5 58.0
Months of Inventory 2 1.6 1.2 3.0 4.0 4.8 4.4 3.8
Average Price $364,112 8.6 33.1 38.2 48.5 57.0 74.7

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date March 2018 ago ago ago ago ago
March March March March March March
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 1,773 -31.8 -12.2 -1.3 4.4 1.5 -8.8
Dollar Volume $625,399,671 -25.3 13.9 37.8 51.5 55.0 50.6
New Listings 2,480 -27.5 -33.2 -35.3 -34.6 -36.7 -36.2
Active Listings3 1,108 -24.6 -54.4 -62.2 -62.0 -63.2 -59.3
Sales to New Listings Ratio4 71.5 75.9 54.4 46.8 44.8 44.6 50.0
Months of Inventory 5 1.9 1.7 3.6 4.9 5.1 5.2 4.2
Average Price $352,735 9.4 29.7 39.6 45.1 52.6 65.1

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
10
20
30
40
50
60
70
80

0
100
200
300
400
500

$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
2009 401 2009 39
Jan 2009 2010 387 2010 54
2011 347 2011 31

Jan 2010 2012 353 2012 43

Source: Canadian MLS® Systems, CREA

2013 370 2013 39
2014 356 2014 37
Jan 2011
2015 324 2015 42
Sales activity (March only)

Active listings (March only)

2016 257 2016 72
Jan 2012 2017 136 2017 71
2018 105 2018 39

Jan 2013

10.0
12.0

0.0
2.0
4.0
6.0
8.0

Average Price
20
40
60
80

0
100
120
140
160
Elgin County

Jan 2014 2009 10.3 2009 120

2010 7.2 2010 141
Residential Market Activity

Jan 2015 2011 11.2 2011 107

2012 8.2 2012 109
2013 9.5 2013 111
Jan 2016
2014 9.6 2014 119
2015 7.7 2015 108
New listings (March only)

Jan 2017
2016 3.6 2016 113
Months of inventory (March only)

2017 1.9 2017 84

Jan 2018 2018 2.7 2018 66
 0
50
100
150
200

50
0
100
150
200
250
300
350
400
2009 373 2009 83
2010 337 2010 126
2011 317 2011 84
2012 328 2012 115

Source: Canadian MLS® Systems, CREA

2013 349 2013 86
2014 324 2014 70
2015 300 2015 110
Sales activity (March YTD)

Active listings (March YTD)

2016 246 2016 157
2017 138 2017 154
2018 101 2018 114

10.0
12.0
14.0
16.0

0.0
2.0
4.0
6.0
8.0
50
0
100
150
200
250
300
350
400
Elgin County

2009 13.5
2009 301
2010 8.0
Residential Market Activity

2010 337
2011 11.3
2011 267
2012 8.6
2012 293
2013 12.2
2013 292
2014 13.9
2014 273
2015 8.2
New listings (March YTD)

2015 241
2016 4.7
Months of inventory (March YTD)

2016 263
2017 2.7
2017 198
2018 2.6
2018 150
 Elgin County
Residential Market Activity

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Actual March 2018 ago ago ago ago ago
March March March March March March
2017 2016 2015 2013 2011 2008
Sales Activity 39 -45.1 -45.8 -7.1 0.0 25.8 -22.0
Dollar Volume $12,143,700 -33.2 -23.4 24.5 31.7 97.3 26.4
New Listings 66 -21.4 -41.6 -38.9 -40.5 -38.3 -43.1
Active Listings 105 -22.8 -59.1 -67.6 -71.6 -69.7 -65.5
Sales to New Listings Ratio1 59.1 84.5 63.7 38.9 35.1 29.0 43.1
Months of Inventory 2 2.7 1.9 3.6 7.7 9.5 11.2 6.1
Average Price $311,377 21.7 41.3 34.1 31.7 56.9 62.1

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date March 2018 ago ago ago ago ago
March March March March March March
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 114 -26.0 -27.4 3.6 32.6 35.7 -2.6
Dollar Volume $34,303,011 -17.2 2.6 33.8 79.3 104.3 54.1
New Listings 150 -24.2 -43.0 -37.8 -48.6 -43.8 -49.5
Active Listings3 101 -26.8 -58.9 -66.3 -71.1 -68.1 -63.1
Sales to New Listings Ratio4 76.0 77.8 59.7 45.6 29.5 31.5 39.4
Months of Inventory 5 2.6 2.7 4.7 8.2 12.2 11.3 7.0
Average Price $300,904 11.9 41.3 29.1 35.3 50.5 58.2

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
200
400
600
800
1,000

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

$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2009 1,876 2009 491
Jan 2009 2010 1,663 2010 639
2011 1,878 2011 560

Jan 2010 2012 1,982 2012 566

Source: Canadian MLS® Systems, CREA

2013 1,677 2013 477
2014 1,691 2014 479
Jan 2011
2015 1,751 2015 559
Sales activity (March only)

Active listings (March only)

2016 1,449 2016 592
Jan 2012 2017 762 2017 842
2018 648 2018 536

Jan 2013
London

0.0
1.0
2.0
3.0
4.0
5.0

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

Jan 2014 2009 3.8 2009 939

2010 2.6 2010 1,126
Residential Market Activity

Jan 2015 2011 3.4 2011 1,051

2012 3.5 2012 1,103
2013 3.5 2013 959
Jan 2016
2014 3.5 2014 942
2015 3.1 2015 1,062
New listings (March only)

Jan 2017
2016 2.4 2016 1,044
Months of inventory (March only)

2017 0.9 2017 986

Jan 2018 2018 1.2 2018 681
 0
500
1,000
1,500
2,000

0
500
1,000
1,500
2,000
2009 1,754 2009 1,089
2010 1,448 2010 1,406
2011 1,691 2011 1,272
2012 1,770 2012 1,387

Source: Canadian MLS® Systems, CREA

2013 1,532 2013 1,250
2014 1,569 2014 1,145
2015 1,570 2015 1,259
Sales activity (March YTD)

Active listings (March YTD)

2016 1,281 2016 1,388
2017 743 2017 1,766
2018 588 2018 1,209
London

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

2009 4.8
2009 2,450
2010 3.1
Residential Market Activity

2010 2,615
2011 4.0
2011 2,645
2012 3.8
2012 2,917
2013 3.7
2013 2,488
2014 4.1
2014 2,448
2015 3.7
New listings (March YTD)

2015 2,601
2016 2.8
Months of inventory (March YTD)

2016 2,468
2017 1.3
2017 2,267
2018 1.5
2018 1,679
 London
Residential Market Activity

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Actual March 2018 ago ago ago ago ago
March March March March March March
2017 2016 2015 2013 2011 2008
Sales Activity 536 -36.3 -9.5 -4.1 12.4 -4.3 -4.6
Dollar Volume $197,518,203 -32.7 19.6 32.7 70.5 51.9 68.2
New Listings 681 -30.9 -34.8 -35.9 -29.0 -35.2 -23.1
Active Listings 648 -15.0 -55.3 -63.0 -61.4 -65.5 -61.5
Sales to New Listings Ratio1 78.7 85.4 56.7 52.6 49.7 53.3 63.5
Months of Inventory 2 1.2 0.9 2.4 3.1 3.5 3.4 3.0
Average Price $368,504 5.8 32.1 38.3 51.7 58.7 76.4

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date March 2018 ago ago ago ago ago
March March March March March March
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 1,209 -31.5 -12.9 -4.0 -3.3 -5.0 -14.9
Dollar Volume $435,520,797 -25.4 12.2 35.2 42.5 46.7 43.6
New Listings 1,679 -25.9 -32.0 -35.4 -32.5 -36.5 -38.0
Active Listings3 588 -20.9 -54.1 -62.5 -61.6 -65.2 -63.0
Sales to New Listings Ratio4 72.0 77.9 56.2 48.4 50.2 48.1 52.4
Months of Inventory 5 1.5 1.3 2.8 3.7 3.7 4.0 3.4
Average Price $360,232 8.9 28.8 40.8 47.3 54.3 68.7

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
250

0
100
200
300
400
500
600
700

$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
2009 511 2009 175
Jan 2009 2010 457 2010 175
2011 543 2011 181

Jan 2010 2012 588 2012 156

Source: Canadian MLS® Systems, CREA

2013 490 2013 142
2014 512 2014 140
Jan 2011
2015 471 2015 163
Sales activity (March only)

Active listings (March only)

2016 371 2016 178
Jan 2012 2017 249 2017 232
2018 172 2018 153

Jan 2013

0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0

Average Price
50
0
100
150
200
250
300
350
400
London East

Jan 2014 2009 2.9 2009 269

2010 2.6 2010 323
Residential Market Activity

Jan 2015 2011 3.0 2011 310

2012 3.8 2012 344
2013 3.5 2013 276
Jan 2016
2014 3.7 2014 299
2015 2.9 2015 269
New listings (March only)

Jan 2017
2016 2.1 2016 296
Months of inventory (March only)

2017 1.1 2017 278

Jan 2018 2018 1.1 2018 192
 0
100
200
300
400
500
600

0
100
200
300
400
500
600
2009 474 2009 357
2010 389 2010 410
2011 478 2011 407
2012 492 2012 403

Source: Canadian MLS® Systems, CREA

2013 444 2013 380
2014 465 2014 350
2015 439 2015 382
Sales activity (March YTD)

Active listings (March YTD)

2016 334 2016 403
2017 237 2017 514
2018 158 2018 381

0.0
1.0
2.0
3.0
4.0
5.0
0
200
400
600
800
1,000
London East

2009 4.0
2009 727
2010 2.8
Residential Market Activity

2010 766
2011 3.5
2011 799
2012 3.7
2012 850
2013 3.5
2013 746
2014 4.0
2014 756
2015 3.4
New listings (March YTD)

2015 692
2016 2.5
Months of inventory (March YTD)

2016 697
2017 1.4
2017 671
2018 1.2
2018 503
 London East
Residential Market Activity

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Actual March 2018 ago ago ago ago ago
March March March March March March
2017 2016 2015 2013 2011 2008
Sales Activity 153 -34.1 -14.0 -6.1 7.7 -15.5 -17.3
Dollar Volume $44,547,653 -28.5 13.6 22.8 65.6 28.7 39.5
New Listings 192 -30.9 -35.1 -28.6 -30.4 -38.1 -25.0
Active Listings 172 -30.9 -53.6 -63.5 -64.9 -68.3 -65.5
Sales to New Listings Ratio1 79.7 83.5 60.1 60.6 51.4 58.4 72.3
Months of Inventory 2 1.1 1.1 2.1 2.9 3.5 3.0 2.7
Average Price $291,161 8.4 32.1 30.9 53.7 52.2 68.7

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date March 2018 ago ago ago ago ago
March March March March March March
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 381 -25.9 -5.5 -0.3 0.3 -6.4 -14.8
Dollar Volume $110,793,407 -15.6 25.9 39.6 47.1 36.3 38.9
New Listings 503 -25.0 -27.8 -27.3 -32.6 -37.0 -39.1
Active Listings3 158 -33.3 -52.7 -64.0 -64.4 -66.9 -66.8
Sales to New Listings Ratio4 75.7 76.6 57.8 55.2 50.9 50.9 54.1
Months of Inventory 5 1.2 1.4 2.5 3.4 3.5 3.5 3.2
Average Price $290,796 13.8 33.2 40.0 46.7 45.6 63.0

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
250
300
350

0
100
200
300
400
500
600
700

$0
$100,000
$200,000
$300,000
$400,000
$500,000
2009 584 2009 148
Jan 2009 2010 511 2010 196
2011 579 2011 183

Jan 2010 2012 643 2012 203

Source: Canadian MLS® Systems, CREA

2013 591 2013 164
2014 561 2014 158
Jan 2011
2015 621 2015 173
Sales activity (March only)

Active listings (March only)

2016 573 2016 190
Jan 2012 2017 208 2017 294
2018 196 2018 190

Jan 2013

0.0
1.0
2.0
3.0
4.0
5.0

Average Price
50
0
100
150
200
250
300
350
400
London North

Jan 2014 2009 3.9 2009 316

2010 2.6 2010 340
Residential Market Activity

Jan 2015 2011 3.2 2011 336

2012 3.2 2012 357
2013 3.6 2013 325
Jan 2016
2014 3.6 2014 288
2015 3.6 2015 380
New listings (March only)

Jan 2017
2016 3.0 2016 368
Months of inventory (March only)

2017 0.7 2017 325

Jan 2018 2018 1.0 2018 231
 0
100
200
300
400
500
600
700

0
100
200
300
400
500
600
700
2009 528 2009 329
2010 442 2010 439
2011 525 2011 419
2012 598 2012 479

Source: Canadian MLS® Systems, CREA

2013 540 2013 423
2014 535 2014 352
2015 529 2015 397
Sales activity (March YTD)

Active listings (March YTD)

2016 513 2016 472
2017 211 2017 593
2018 179 2018 387

0.0
1.0
2.0
3.0
4.0
5.0
6.0
0
200
400
600
800
1,000
1,200
London North

2009 4.8
2009 776
2010 3.0
Residential Market Activity

2010 799
2011 3.8
2011 858
2012 3.7
2012 1,007
2013 3.8
2013 847
2014 4.6
2014 750
2015 4.0
New listings (March YTD)

2015 905
2016 3.3
Months of inventory (March YTD)

2016 881
2017 1.1
2017 723
2018 1.4
2018 538
 London North
Residential Market Activity

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Actual March 2018 ago ago ago ago ago
March March March March March March
2017 2016 2015 2013 2011 2008
Sales Activity 190 -35.4 0.0 9.8 15.9 3.8 3.3
Dollar Volume $83,377,196 -30.8 38.3 57.1 77.3 66.2 88.5
New Listings 231 -28.9 -37.2 -39.2 -28.9 -31.3 -19.2
Active Listings 196 -5.8 -65.8 -68.4 -66.8 -66.1 -60.7
Sales to New Listings Ratio1 82.3 90.5 51.6 45.5 50.5 54.5 64.3
Months of Inventory 2 1.0 0.7 3.0 3.6 3.6 3.2 2.7
Average Price $438,827 7.1 38.3 43.1 53.0 60.1 82.5

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date March 2018 ago ago ago ago ago
March March March March March March
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 387 -34.7 -18.0 -2.5 -8.5 -7.6 -10.4
Dollar Volume $164,192,823 -29.2 5.5 34.8 35.3 40.7 54.7
New Listings 538 -25.6 -38.9 -40.6 -36.5 -37.3 -36.0
Active Listings3 179 -15.2 -65.1 -66.2 -66.9 -65.9 -63.2
Sales to New Listings Ratio4 71.9 82.0 53.6 43.9 49.9 48.8 51.4
Months of Inventory 5 1.4 1.1 3.3 4.0 3.8 3.8 3.4
Average Price $424,271 8.5 28.7 38.3 47.9 52.4 72.7

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
250
300
350

0
200
400
600
800
1,000

$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2009 781 2009 168
Jan 2009 2010 695 2010 268
2011 756 2011 196

Jan 2010 2012 751 2012 207

Source: Canadian MLS® Systems, CREA

2013 596 2013 171
2014 618 2014 181
Jan 2011
2015 659 2015 223
Sales activity (March only)

Active listings (March only)

2016 505 2016 224
Jan 2012 2017 305 2017 316
2018 280 2018 193

Jan 2013

0.0
1.0
2.0
3.0
4.0
5.0

Average Price
0
100
200
300
400
500
London South

Jan 2014 2009 4.6 2009 354

2010 2.6 2010 463
Residential Market Activity

Jan 2015 2011 3.9 2011 405

2012 3.6 2012 402
2013 3.5 2013 358
Jan 2016
2014 3.4 2014 355
2015 3.0 2015 413
New listings (March only)

Jan 2017
2016 2.3 2016 380
Months of inventory (March only)

2017 1.0 2017 383

Jan 2018 2018 1.5 2018 258
 0
100
200
300
400
500
600
700

0
100
200
300
400
500
600
700
800
2009 752 2009 403
2010 617 2010 557
2011 687 2011 446
2012 680 2012 505

Source: Canadian MLS® Systems, CREA

2013 547 2013 447
2014 569 2014 443
2015 602 2015 480
Sales activity (March YTD)

Active listings (March YTD)

2016 435 2016 513
2017 295 2017 659
2018 251 2018 441

0.0
1.0
2.0
3.0
4.0
5.0
6.0
0
200
400
600
800
1,000
1,200
London South

2009 5.6
2009 947
2010 3.3
Residential Market Activity

2010 1,050
2011 4.6
2011 988
2012 4.0
2012 1,060
2013 3.7
2013 895
2014 3.9
2014 942
2015 3.8
New listings (March YTD)

2015 1,004
2016 2.5
Months of inventory (March YTD)

2016 890
2017 1.3
2017 873
2018 1.7
2018 638
 London South
Residential Market Activity

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Actual March 2018 ago ago ago ago ago
March March March March March March
2017 2016 2015 2013 2011 2008
Sales Activity 193 -38.9 -13.8 -13.5 12.9 -1.5 0.0
Dollar Volume $69,593,354 -37.1 6.0 16.8 66.0 53.7 68.7
New Listings 258 -32.6 -32.1 -37.5 -27.9 -36.3 -24.8
Active Listings 280 -8.2 -44.6 -57.5 -53.0 -63.0 -59.2
Sales to New Listings Ratio1 74.8 82.5 58.9 54.0 47.8 48.4 56.3
Months of Inventory 2 1.5 1.0 2.3 3.0 3.5 3.9 3.6
Average Price $360,587 3.1 23.0 35.0 47.0 56.1 68.7

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date March 2018 ago ago ago ago ago
March March March March March March
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 441 -33.1 -14.0 -8.1 -1.3 -1.1 -18.5
Dollar Volume $160,534,567 -27.3 11.0 32.6 47.4 62.3 36.8
New Listings 638 -26.9 -28.3 -36.5 -28.7 -35.4 -38.9
Active Listings3 251 -14.9 -42.3 -58.3 -54.1 -63.5 -60.0
Sales to New Listings Ratio4 69.1 75.5 57.6 47.8 49.9 45.1 51.8
Months of Inventory 5 1.7 1.3 2.5 3.8 3.7 4.6 3.5
Average Price $364,024 8.6 29.1 44.3 49.4 64.1 67.8

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
20
40
60
80
100
120

0
100
200
300
400
500

$0
$100,000
$200,000
$300,000
$400,000
$500,000
2009 348 2009 37
Jan 2009 2010 325 2010 46
2011 280 2011 50

Jan 2010 2012 343 2012 57

Source: Canadian MLS® Systems, CREA

2013 396 2013 40
2014 379 2014 49
Jan 2011
2015 323 2015 63
Sales activity (March only)

Active listings (March only)

2016 324 2016 52
Jan 2012 2017 202 2017 112
2018 171 2018 51

Jan 2013

10.0
12.0

0.0
2.0
4.0
6.0
8.0

Average Price
20
40
60
80

0
100
120
140
160

Jan 2014 2009 9.4 2009 106

Middlesex County

2010 7.1 2010 133

Residential Market Activity

Jan 2015 2011 5.6 2011 108

2012 6.0 2012 129
2013 9.9 2013 126
Jan 2016
2014 7.7 2014 144
2015 5.1 2015 106
New listings (March only)

Jan 2017
2016 6.2 2016 149
Months of inventory (March only)

2017 1.8 2017 139

Jan 2018 2018 3.4 2018 98
 0
50
100
150
200
250

50
0
100
150
200
250
300
350
400
2009 329 2009 85
2010 289 2010 127
2011 258 2011 108
2012 318 2012 126

Source: Canadian MLS® Systems, CREA

2013 348 2013 101
2014 357 2014 106
2015 330 2015 125
Sales activity (March YTD)

Active listings (March YTD)

2016 286 2016 128
2017 201 2017 217
2018 159 2018 125

10.0
12.0
14.0

0.0
2.0
4.0
6.0
8.0
50
0
100
150
200
250
300
350
400

2009 11.6
Middlesex County

2009 289
2010 6.8
Residential Market Activity

2010 304
2011 7.2
2011 292
2012 7.6
2012 354
2013 10.3
2013 364
2014 10.1
2014 357
2015 7.9
New listings (March YTD)

2015 310
2016 6.7
Months of inventory (March YTD)

2016 351
2017 2.8
2017 330
2018 3.8
2018 221
 Middlesex County
Residential Market Activity

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Actual March 2018 ago ago ago ago ago
March March March March March March
2017 2016 2015 2013 2011 2008
Sales Activity 51 -54.5 -1.9 -19.0 27.5 2.0 -7.3
Dollar Volume $22,830,631 -48.0 26.0 15.9 65.9 62.1 70.5
New Listings 98 -29.5 -34.2 -7.5 -22.2 -9.3 -5.8
Active Listings 171 -15.3 -47.2 -47.1 -56.8 -38.9 -36.7
Sales to New Listings Ratio1 52.0 80.6 34.9 59.4 31.7 46.3 52.9
Months of Inventory 2 3.4 1.8 6.2 5.1 9.9 5.6 4.9
Average Price $447,659 14.1 28.4 43.2 30.2 58.9 83.9

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date March 2018 ago ago ago ago ago
March March March March March March
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 125 -42.4 -2.3 0.0 23.8 15.7 -7.4
Dollar Volume $54,761,499 -34.7 23.4 50.3 87.8 69.9 53.2
New Listings 221 -33.0 -37.0 -28.7 -39.3 -24.3 -25.6
Active Listings3 159 -20.9 -44.4 -51.8 -54.3 -38.4 -38.4
Sales to New Listings Ratio4 56.6 65.8 36.5 40.3 27.7 37.0 45.5
Months of Inventory 5 3.8 2.8 6.7 7.9 10.3 7.2 5.7
Average Price $438,092 13.4 26.4 50.3 51.7 46.8 65.4

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
20
40
60
80
100
120

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 342 2009 51
Jan 2009 2010 242 2010 58
2011 258 2011 59

Jan 2010 2012 243 2012 52

Source: Canadian MLS® Systems, CREA

2013 227 2013 57
2014 254 2014 48
Jan 2011
2015 238 2015 55
Sales activity (March only)

Active listings (March only)

2016 159 2016 75
Jan 2012 2017 86 2017 103
2018 42 2018 73

Jan 2013

0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0

Average Price
20
40
60
80

0
100
120
140
St. Thomas

Jan 2014 2009 6.7 2009 116

2010 4.2 2010 111
Residential Market Activity

Jan 2015 2011 4.4 2011 117

2012 4.7 2012 97
2013 4.0 2013 107
Jan 2016
2014 5.3 2014 103
2015 4.3 2015 99
New listings (March only)

Jan 2017
2016 2.1 2016 90
Months of inventory (March only)

2017 0.8 2017 92

Jan 2018 2018 0.6 2018 59
 0
50
100
150
200
250

50
0
100
150
200
250
300
350
400
2009 334 2009 129
2010 224 2010 141
2011 233 2011 148
2012 216 2012 124

Source: Canadian MLS® Systems, CREA

2013 210 2013 143
2014 226 2014 121
2015 223 2015 152
Sales activity (March YTD)

Active listings (March YTD)

2016 156 2016 157
2017 97 2017 220
2018 60 2018 158

10.0

0.0
2.0
4.0
6.0
8.0
St. Thomas

50
0
100
150
200
250
300
350

2009 7.8
2009 286
2010 4.8
Residential Market Activity

2010 266
2011 4.7
2011 292
2012 5.2
2012 280
2013 4.4
2013 274
2014 5.6
2014 264
2015 4.4
New listings (March YTD)

2015 258
2016 3.0
Months of inventory (March YTD)

2016 247
2017 1.3
2017 244
2018 1.1
2018 166
 St. Thomas
Residential Market Activity

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Actual March 2018 ago ago ago ago ago
March March March March March March
2017 2016 2015 2013 2011 2008
Sales Activity 73 -29.1 -2.7 32.7 28.1 23.7 65.9
Dollar Volume $21,606,550 -16.0 24.3 93.2 83.7 91.0 161.4
New Listings 59 -35.9 -34.4 -40.4 -44.9 -49.6 -37.2
Active Listings 42 -51.2 -73.6 -82.4 -81.5 -83.7 -81.6
Sales to New Listings Ratio1 123.7 112.0 83.3 55.6 53.3 50.4 46.8
Months of Inventory 2 0.6 0.8 2.1 4.3 4.0 4.4 5.2
Average Price $295,980 18.5 27.7 45.6 43.5 54.4 57.5

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date March 2018 ago ago ago ago ago
March March March March March March
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 158 -28.2 0.6 3.9 10.5 6.8 16.2
Dollar Volume $45,878,070 -12.3 32.8 46.2 62.3 65.7 84.5
New Listings 166 -32.0 -32.8 -35.7 -39.4 -43.2 -33.3
Active Listings3 60 -38.1 -61.5 -73.1 -71.4 -74.2 -71.6
Sales to New Listings Ratio4 95.2 90.2 63.6 58.9 52.2 50.7 54.6
Months of Inventory 5 1.1 1.3 3.0 4.4 4.4 4.7 4.7
Average Price $290,368 22.1 31.9 40.6 46.9 55.2 58.8

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

20
40
60
80

0
100
120
140

$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2009 116 2009 22
Jan 2009 2010 82 2010 30
2011 109 2011 17

Jan 2010 2012 80 2012 18

Source: Canadian MLS® Systems, CREA

2013 93 2013 19
2014 110 2014 24
Jan 2011
2015 96 2015 22
Sales activity (March only)

Active listings (March only)

2016 86 2016 23
Jan 2012 2017 53 2017 40
2018 46 2018 21

Jan 2013

0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0

Average Price
10
20
30
40
50

0
Strathroy

Jan 2014 2009 5.3 2009 33

2010 2.7 2010 39
Residential Market Activity

Jan 2015 2011 6.4 2011 37

2012 4.4 2012 30
2013 4.9 2013 44
Jan 2016
2014 4.6 2014 45
2015 4.4 2015 46
New listings (March only)

Jan 2017
2016 3.7 2016 37
Months of inventory (March only)

2017 1.3 2017 47

Jan 2018 2018 2.2 2018 26
 0
20
40
60
80
100

20
40
60
80

0
100
120
140
2009 116 2009 45
2010 83 2010 62
2011 97 2011 42
2012 77 2012 49

Source: Canadian MLS® Systems, CREA

2013 78 2013 40
2014 106 2014 49
2015 84 2015 52
Sales activity (March YTD)

Active listings (March YTD)

2016 82 2016 53
2017 55 2017 87
2018 43 2018 54

10.0

0.0
2.0
4.0
6.0
8.0
Strathroy

20
40
60
80

0
100
120

2009 7.8
2009 92
2010 4.0
Residential Market Activity

2010 101
2011 6.9
2011 113
2012 4.7
2012 85
2013 5.9
2013 99
2014 6.5
2014 93
2015 4.8
New listings (March YTD)

2015 105
2016 4.6
Months of inventory (March YTD)

2016 102
2017 1.9
2017 101
2018 2.4
2018 70
 Strathroy
Residential Market Activity

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Actual March 2018 ago ago ago ago ago
March March March March March March
2017 2016 2015 2013 2011 2008
Sales Activity 21 -47.5 -8.7 -4.5 10.5 23.5 -16.0
Dollar Volume $7,708,600 -37.0 57.1 52.8 66.3 93.8 66.6
New Listings 26 -44.7 -29.7 -43.5 -40.9 -29.7 -18.8
Active Listings 46 -13.2 -46.5 -52.1 -50.5 -57.8 -50.5
Sales to New Listings Ratio1 80.8 85.1 62.2 47.8 43.2 45.9 78.1
Months of Inventory 2 2.2 1.3 3.7 4.4 4.9 6.4 3.7
Average Price $367,076 20.1 72.1 60.1 50.4 56.9 98.3

Compared to6
2 years 3 years 5 years 7 years 10 years
1 year ago
Year-to-date March 2018 ago ago ago ago ago
March March March March March March
2017 YTD 2016 YTD 2015 YTD 2013 YTD 2011 YTD 2008 YTD
Sales Activity 54 -37.9 1.9 3.8 35.0 28.6 -1.8
Dollar Volume $17,617,063 -34.9 42.1 51.3 93.0 91.2 70.8
New Listings 70 -30.7 -31.4 -33.3 -29.3 -38.1 -32.7
Active Listings3 43 -21.8 -47.6 -48.8 -44.9 -55.7 -52.2
Sales to New Listings Ratio4 77.1 86.1 52.0 49.5 40.4 37.2 52.9
Months of Inventory 5 2.4 1.9 4.6 4.8 5.9 6.9 4.9
Average Price $326,242 4.9 39.5 45.7 43.0 48.7 73.9

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