Market Recovery Continues with Record Sales in December

Last month, 438 homes exchanged hands in the jurisdiction of the London and St. Thomas Association of REALTORS® (LSTAR), a 55.9-per-cent increase over December 2008. However, December 2008 had an unusually low sales volume of 281, compared to 375 in 2007, 421 in 2006, 388 in 2005, etc. This anomaly explains the large percentage increase for December 2009. However, it should be noted that this was the Best December sales ever in the history of LSTAR and Listings continued to rise by 12.8% - both of these indicators speaks to the strong recovery in our jurisdiction.