AREA HOME SALES FOR MARCH PLUMMET BY 20% OVER LAST YEAR

The London-area real estate market was as chilly as the weather in March.  The London and St.Thomas (LSTAR) said 612 homes sold in March, down 20% from the same month last year.

New listings were also down 9.4% overall, while inventory - the number of active listings at month's end - was down 7.2%,

St.Thomas fared better than London last month, with 50 homes sold, the same number as last March.

Year to date sales are up 12.8% in St.Thomas, while the average year tod date price for a home there stands at $$198.548. compared to London where the price of the average home stands at $241,756.

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Harold Kewley

Harold Kewley

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CENTURY 21 Network Realty Ltd., Brokerage*
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