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

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Jeffrey Carpenter

Jeffrey Carpenter

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