Home Sales Remain Steady!
The London and St Thomas Association of REALTORS® (LSTAR) announced 802 homes exchanged hands last month, marking the third consecutive year that more than 800 homes were sold in the month of September*.
"Home sales are slightly down compared to last September, but we are still on track to achieve a record sales year for 2017," said Jim Smith, 2017 LSTAR President. "We're experiencing activity that signifies a more balanced marketplace, and expect a strong finish to the year."
In September, a total of 646 detached homes were sold, a decrease of 9.8% from the previous year, while condominium sales were up 4.0% from 2016, with 156 units sold. The average sales price across London and St. Thomas was $318,347 slightly down…