For the London and St. Thomas Association of REALTORS® (LSTAR)
last month was the August with the third highest volume of residential sales in
the last decade. 917 homes exchanged hands in the Association's jurisdiction -
just four less than in August 2018. New listings increased to 1,189, but still
didn't reach the ten-year average. Overall, the inventory levels were slightly
elevated over August 2018 - 1.9 months over just 1.7. During the same period,
the average home price was 9.1% higher than one year ago, sitting at $413,010.
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