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?
|Gas prices increasing||◊||◊|
|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