Best June Ever
July 1, 2015
With 1,109 home sales, June 2015 breaks the record for the best June in the history of the London and St. Thomas Association of REALTORS® you’d have to go all the way back to June 2006 when there were 1,011 sales 892 detached homes sold in June, up 11.5%, while 217 condos exchanged hands, up 19.9%. Total sales for the month were up 13% over June 2014.. Job growth, stable mortgage rates and affordable home prices have all played a part in making this market so strong,
Listings were up 6.8% overall, while inventory – active listings end of period – were down 5.5%.
The market in London's Sister City of St. Thomas had the best June since 2009, with 85 sales. The average price of a home in St. Thomas Year-to-Date stands at $217,537, up 8.8%.