Apr 112011

London and Area MLS statistics for the first quarter of 2011

Winter is over, spring is coming and the first quarter of 2011 is in the books. Let’s have a look at  MLS® sales statistics.

Homes in LSTAR’s jurisdiction maintained their affordability compared to other major centers. According to the CREA’s National MLS® Report for February 2011, the averages price year-to-date were:

Average prices in our area have been fairly consistent the past 15 months as seen in the graph below;

The always anticipated spring market is around the corner. How does it look compared to last year?

2010 2011
Gas prices increasing
World unrest
Natural Disasters
Threat of interest rates rising
Threat of an election Having One

I expect the stable market we have seen the past 15 months will continue into the busy spring season