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London-area home sales dropped 6% in September 2025, reversing summer gains amid high inventory and weak demand.
London-area home sales fell 6% in September 2025 to 534 transactions, reversing a summer rebound, as high inventory and weak buyer demand pushed the market toward a buyers’ market.
The average resale price dropped $17,000 to $622,805 despite a Bank of Canada rate cut to 2.5%.
Year-to-date sales remain near 2024 levels, with forecasts predicting 2025 prices near $654,000 and total sales matching last year’s 8,088 units.
In the UK, September saw a 0.5% month-on-month price rise to £271,995, but uncertainty over potential property tax reforms is dampening demand, especially for homes over £500,000, with mortgage approvals slightly declining.
Las ventas de viviendas en el área de Londres cayeron un 6% en septiembre de 2025, revirtiendo las ganancias de verano en medio de un alto inventario y una demanda débil.