London Real Estate Statistics

London Real Estate Price Trend
London real estate average sold price in the last 30 days (February 27 - March 27) was $657,493, which is $363,431 (55.3%) higher than the average price of $294,062 in the previous 30 day period (January 28 - February 26), and $55,425 (8.4%) up from the same period 1 year ago ($602,068). London real estate prices over the last 30 days are also $87,658 (13.3%) higher than the average selling price of $569,834 over the past year.
London average sold price for homes was $721,508 in the last 30 days (February 27 - March 27), which is $400,702 (55.5%) up from the average home price of $320,806 in the previous 30 day period (January 28 - February 26), and $49,112 (6.8%) higher than the same period 1 year ago ($672,396). In the last 30 days London the average home price was $88,420 (12.3%) higher than the average selling price of $633,088 over the last 12 months.
Average London condo sold price over the last 30 days (February 27 - March 27) was $331,666. During this period it was $164,137 (49.5%) up from the average price of condo of $167,529 during the previous 30 days (January 28 - February 26), and $104,500 (31.5%) lower compared to the same period 1 year ago ($436,166). In the last 30 days London the average condo price was $44,117 (13.3%) lower than the average selling price of $375,783 over the last year.
Average sold price of London townhouse was $490,716 in the last 30 days (February 27 - March 27), up $244,330 (49.8%) from the average townhome price of $246,386 over the previous 30 days (January 28 - February 26), and $17,133 (3.5%) higher than during to the same period 1 year ago ($473,583). Over the last 30 days the average townhouse price in London was $13,757 (2.8%) higher compared to the average selling price of $476,959 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for London real estate was $657,493 in the last 30 days (February 27 - March 27), which is collectively $17,078 (2.2%) lower than the average asking price of $761,336. This represents a decline of $13,990 (453.0%) compared to $3,088 (0.4%) Sold-Under-Asking price from the previous 30 day period (January 28 - February 26).
The maximum Sold Over/Under Asking ratio in London during the last 12 months was recorded in February, 2024 with an average of $5,300 over the asking price, while the minimum occurring in November, 2023 with $26,231 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in London was 354.5% with 592 properties sold and 84 new properties listed in the past 30 days (February 27 - March 27). This represents a decrease from 99,785.7% recorded during the previous 30 day period (January 28 - February 26), and an increase from 63.8% compared to the same period one year ago.
Over the the last year the highest SNLR in London was 122,379.6% recorded in January and the lowest was in September at 31.9%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 592 properties that were successfully sold in London in the last 30 days (February 27 - March 27) was 28 days, which is 2 days more than 26 days average in the previous 30 day period (January 28 - February 26) and 3 days shorter than during the same period a year ago (31 days).
There were 5,141 delisted properties in London, those that got either Expired, Suspended or Terminated over the last 30 days (February 27 - March 27) with an average of 93 days on the market. This is 12 days shorter than the average of 105 days during the previous 30 day period (January 28 - February 26) and 32 days more compared to the same period last year average of 61 days on the market.
5,141 London properties that didn't sell stayed on the market 232.1% longer than 592 that sucessfully sold over the last 30 days - 28 days when sold vs 93 days when delisted respectively.
Average Days on the Market in London over the past 12 months for properties that have sold was 22.5 days, with 61.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
167 new properties were listed on the market in London in the last 30 days (February 27 - March 27). During the same time 592 properties were sold and 5,141 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 5566 properties (or 3,332.9%).
During the previous 30 day period (January 28 - February 26) there were 84 new properties listed, 83,820 sold and 25,588 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was June with 152 new properties listed, the slowest - December with 47 new listings and a yearly average of 99 new listings per month.
New Real Estate Listings by Property Type
There were a total of 100 homes listed during the last 30 days (February 27 - March 27), which is 59.9% of all properties listed in London. This is a 69.5% increase compared with a previous 30 day period (January 28 - February 26) and 112.8% up from the same period a year ago. Over the past year an average of 69 homes are were listed per month.
12 condo units were listed in the last 30 days (February 27 - March 27) in London, which represents 7.2% of all new listings. This is up 140.0% from the prior 30 day period (January 28 - February 26) and 500.0% more compared to the same period last year. There were 8 condos listed per month on average during the last 12 months.
55 townhomes were listed over the last 30 days (February 27 - March 27) in London, which is 32.9% of all new real estate inventory. This is a 175.0% more than during the previous 30 day period (January 28 - February 26) and 175.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 22 a month.
Real Estate Sales by Property Type
There were a total of 434 homes sold during the last 30 days (February 27 - March 27), which is 73.3% of all properties sold in London. This is a 99.3% decline compared with a previous 30 day period (January 28 - February 26) and 1,396.6% up from the same period a year ago. Over the past year an average of 6,365 homes are were sold per month.
9 condo units were sold in the last 30 days (February 27 - March 27) in London, which represents 1.5% of all sold properties. This is down 99.9% from the prior 30 day period (January 28 - February 26) and 200.0% more compared to the same period last year. There were 722 condos sold per month on average during the last 12 months.
149 townhomes were sold over the last 30 days (February 27 - March 27) in London, which is 25.2% of all sold real estate. This is a 99.1% less than during the previous 30 day period (January 28 - February 26) and 1,141.7% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 1,722 a month.
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