The London St. Thomas Association of Realtors just released their Sales report for Aug. and 747 homes exchanged hands, just a 2% decrease from Aug. of last year. With 600 detached homes being sold, there was only a 1.2% decrease from last Aug. sales.
The number of sales and the average price is stabilizing, with the average price up .3% and the slight decrease in number of sales. "Home buyers recognize that interest rates and prices have bottomed out and are taking advantage of the excellent affordability", says CREA President Dale Ripplinger.
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