Market Watch

 

London Ontario real estate market report

Updated August 7th, 2012

The London and area real estate market is described as balanced.Home Evaluation

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.

Average London Home Prices 2002  to present

Year to date sales volumes also reflect the health of our real estate market

The orange line represents the 10 year average

How does home affordability in London compare to other major centres?

Quite well! Take a look at June’s Average Prices

 

Disclosure Statement: Although the Information displayed is believed to be accurate, no warranties or representations are made of any kind.

The London and St. Thomas Association of REALTORS® represents nearly 1,500 real estate brokers and sales representatives from Middlesex and Elgin Counties. 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. It also participates in the Ontario Real Estate Association’s Quality of Life program.

MLS® is a registered trademark of CREA the Canadian Real Estate Association

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