The London St. Thomas Association of Realtors reported that in the first month of 2011, 428 homes exchanged hands, down 9.3% from the previous year.
“The ten year average for January sales stands at 458,” explains LSTAR President Jack Lane.
“So, while this month’s figures are nothing to get excited about, they are also nothing to be
concerned about. Slow and steady wins the race.” This month, as in previous months and years, homes in LSTAR’s jurisdiction maintain their affordability compared to other major Ontario and Canadian centers.