Last month 708 homes exchanged hands in the jurisdiction of the London St. Thomas Association of Realtors a 7.9% decrease over Sept 2008. Year to date until Sept., sales have decreased 10.1% over the same period last year, but the average price for Sept. 09 has actually increased by 1.9% to $217,832. "Sales for September were the Third best on Record", says Joe Hough, president of LSTAR, "so it's wonderful to see September 2009 back up there".
Dale Ripplinger, President of the Canadian Real Estate Association, says "National sales activity in the third quarter is on track for a significant increase compared to the second quarter. Low interest rates and affordability continue to attract home buyers to the housing market. Consumer confidence continues to rise, which bodes well for activity in the coming months."