June Markets are down double digits


Residential Sales for the month of June in the London St Thomas area Board, show residential detached properties down 13.3% and condominium sales down 5.5%. The Good news is overall sales are still ahead of last year, up 3.3%. Listing obsorption figures, while still increasing, are indicitive of a slower summer real estate market (god time to buy).

The new federal government mortgage rules, that took effect July 9th will not play a major part in overall sales for the rest of this year. A slight decrease in some sales sectors might result as 1st time buyers buy just a little less.

Please contact me if you have any questions or for a full report that can be email to your inbox.

DIRECT 519-870-2592

Jeff Carpenter

Century 21 First Canadian Corp, Brokeragge

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Jeffrey Carpenter

Jeffrey Carpenter

Sales Representative
CENTURY 21 First Canadian Corp., Brokerage*
Contact Me