Last month, the local real estate market continued its streak of record sales and prices. 917 homes were sold in October in the London and St Thomas Association of REALTORS®’ jurisdiction, while the overall average price for LSTAR climbed to $526,848.
"The 917 residential transactions that took place in our jurisdiction represent the highest number of sales for the month of October since 1978, when the Association started tracking data," said LSTAR 2020 President Blair Campbell. "Out of these transactions, 690 happened within the City of London, which had its best October for home sales, as well," he added.
"The combination between the historically low interest rates and the 'working-from-home' trend has generated an extraordinary demand in a…
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