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 Association of Realtors (LSTAR) said 612 homes were sold in March, down 20% from the same time last year.

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

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

Year to date sales are up 12.8% in St.Thomas, while the average year to date price home there stands at $198,548 compared to London where th average price is much higher at $241,756.

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Kathy Kewley

Kathy Kewley

REALTORĀ®
CENTURY 21 Network Realty Ltd., Brokerage*
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