Thursday, July 7, 2011

Housing Market is Hot, Hot, Hot

The London Free Press reported that after a chilly spring, the London area real estate market started to heat up in June with a 12% jump in sales compared with the same month last year. The London St. Thomas Association of Realtors (LSTAR) said Tuesday 913 homes sold last month. The breakdown was 741 single-family homes and 172 condos. June was the first month this year when sales topped 2010 levels. “It’s the best month this year and right in line with pre-recession levels. The market is definitely heading in the right direction,” LSTAR president Jack Lane said. Lane said he expects the improvement to continue in the second half of the year. “I think the rest of the year will be consistent — a nice steady marketplace.”

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