What happened in London Real Estate in 2018? Watch the video below to learn more
Hi, This is Jesse with Century 21 - I wanted to give you a quick recap of what happened in London Real Estate in 2018 - We are a little later in the month than usual, but hopefully you still find this information useful.
So, what happened in London 2018? Let's start with number of listings..2018 saw 8408 listings come on the market, which is down 9.4% from 2017's number of 9284. We then saw 6422 homes sell in 2018, which is down 14.4% from 2017.
Of the listings and sales 2018 had 76.4% of its listings sell, while 2017 had over 80% of the homes sell. So you can see inventory is rising slowly.
The good news for 2018 is the Days to sell is a little quicker at 21 days compared to 23 in 2017,
And what's likely most important to most people is price....the average sales price in London is up about 11% to $373,317!!