June 2010 sees MLS sales volume decreasing as price increases slightly.
The London and area real estate market, while slowing is still healthy. June 2010 had lowers sales volume than a year ago but prices were up. Despite June’s dip in sales, year to date sales figures are still well ahead of this time last year.
Our market is considered to be “balanced”.
Balanced Market: In a balanced market, the number of homes for sale satisfies the demand.
Characteristics of this market include houses selling within a reasonable time period, sellers accepting reasonable offers and stabilized prices.
The atmosphere is usually more relaxed.