Oct 112011

Strong September helps close the gap.

MLS Sales

Home sales were up almost 20% over last September bringing year to date sales within 1% of last years mark.

As usual, the best selling home was the two storey followed by the bungalow, ranch and townhouse condominium.

Listing activity was also on the rise, increasing by 7.7% in September with an overall inventory of listings 9% higher than last year.

We are in a “balanced market creating a level playing field for buyers and sellers”

For a graphical analysis, visit Market Watch

The London and St. Thomas Association of REALTORS® (LSTAR) is one of Canada’s fifteen largest real estate associations, representing 1,500 REALTORS® working in Middlesex and Elgin Counties, a trading area of 500,000 residents. LSTAR adheres to a Quality of Life philosophy, supporting growth that fosters economic vitality, provides housing opportunities, respects the environment and builds good communities and safe neighbourhoods and is a proud participant in the REALTORS Care Foundation’s Every REALTOR™ Campaign. As members of the Canadian Real Estate Association, LSTAR members may use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict code of ethics. The Association operates the local Multiple Listing Service® (MLS®) and provides ongoing professional education courses for its members.