Election signs did not deter sales last month.
In fact, October 2014 proved to be the sixth consecutive month in which area home sales outpaced those of the previous year:
- in May by 5%
- June by 23.4%
- July by 24.4%
- August by 13.6%
- September by 11.1%
- October by 8.4%.
698 homes sold last month, making it the best October since 2007. "Year to date, 7,474 homes have exchanged hands in our jurisdiction," says Jim Holody, President of the London and St. Thomas Association of REALTORS®. "That's 7.6% more transactions than last year at this time." According to research by the Altus Group, one job is created for every real estate transaction and approximately $55,000 in ancillary spending is generated every time a house changes hands in…