March 2018

Found 3 blog entries for March 2018.

February home sales remain steady, as inventory continues to fall.

The London and St Thomas Association of REALTORS® (LSTAR) announced 536 homes* were sold in February, down 32.8% over the same period last year, which holds the record for best February results since LSTAR began tracking sales data in 1978.

"Inventory, or Active Listings, continues to experience a dramatic decrease compared to 2017, which is having a huge impact on sales," said Jeff Nethercott, 2018 LSTAR President. "There were 1,103 active listings, down 26.4% from this time last year. This is the lowest level of inventory we’ve had in the region over the last 10 years."

Although inventory remains low, average home sales price in London and St. Thomas continues to rise. The

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Home sales steady in January, despite low inventory.

The London and St Thomas Association of REALTORS® (LSTAR) announced 400 homes* were sold in January, down 28.8% over the same period last year, which holds the record for best January results since LSTAR began tracking sales data in 1978.

"When you take a look at the last 10 years, these results are right in line with the activity we expect in January," said Jeff Nethercott, 2018 LSTAR President. "One of the areas affecting home sales is low inventory. There were 623 new home listings, down 31.8% from last January, and there were 1,020 active listings, down 27.7% from this time last year.”

Average home sales price continues to rise across London and St. Thomas. The average sales price in the

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A historic year for real estate in 2017

Home sales exceed 11,000 for the first time  

London, ON – The London and St. Thomas Association of REALTORS® (LSTAR) announced 2017 marked a historic year for residential real estate, with home sales surpassing 11,000 for the first time since LSTAR began tracking data in 1978. In 2017, a total of 11,203 homes were sold, up 8.0% from 2016.

“Residential sales across the region in 2017 is definitely one for the record books,” said Jim Smith, 2017 LSTAR President. “Looking back, we saw it all last year. London and St. Thomas achieved so many ‘firsts,’ from six consecutive months of record sales to robust out-of-town interest. The real estate activity very much echoed the positive momentum most of the country

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