Local Real Estate Markets Remain Vibrant
Posted by Brian VanBart on
For the London and St Thomas Association of REALTORS® (LSTAR) last month was the August with the third highest volume of residential sales in the last decade. 917 homes exchanged hands in the Association’s jurisdiction - just four less than in August 2018. New listings increased to 1,189, but still didn’t reach the ten-year average. Overall, the inventory levels were slightly elevated over August 2018 – 1.9 months over just 1.7. During the same period, the average home price was 9.1% higher than one year ago, sitting at $413,010.
Area | August Average Sale Price |
---|---|
Elgin County | $363,749 |
London | $415,808 |
Middlesex County | $496,101 |
St. Thomas | $342,134 |
Strathroy | $402,360 |
LSTAR | $413,010 |
In…
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