Home sales strong in june, despite inventory challenges.
London and St Thomas Association of REALTORS® (LSTAR) announced 1,080 homes* were sold in June, down 14.6% over the same time last year, which saw a record-setting month for June with 1,264 homes sold since the Association began tracking sales data in 1978.
"The home sales in June continue the strong momentum we saw in May, setting the stage for a very robust season for resale homes this summer," said Jeff Nethercott, 2018 LSTAR President. "Sales activity remains above the 10-year average, as the marketplace continues to manage the lowest inventory levels since 2009. Average home prices are making slight gains all across the region."
By geographic area, London East made the biggest gains,…