The London St. Thomas Association of Realtors (LSTAR) said 454 homes sold in January, up 6.1% over the same month last year.
"No doubt about it, 2012 has gotten off to an excellent start," said LSTAR president Barb Whitney.
The number of new listings in January was up 3.5% and the number of active listings at month's end was up 2.7%.
"This means that, while the market remains balanced, we still have a good supply of product from which to choose," said Whitney.
The average price for a home in LSTAR's jurisdiction as of January 31, 2012 stands at $225,027, an increase over Dec. 2011 of just under 1%.
The average price for a detached home over stands at $236,191, down 2.6% from December 2011, while the average price for a condo stands at $169.069, up 12.4 % from the previous month.
Article from: http://www.stthomastimesjournal.com/ArticleDisplay.aspx?e=3459832
I read an article recently that inspired me to create a blog. If you're thinking about buying or selling a property and you're wondering if we'd get along then grab a coffee (or a double vodka), sit back and enjoy this blog. If you like what you see then call me and we can arrange to meet. It's kind of like dating online... happpy reading!
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