In June 2016 a total of 1,133 homes exchanged hands. That makes
last month the best June on record. "Not only are we on a roll, we are on
a streak – a winning streak," says Stacey Evoy, President of the London
and St Thomas Association of REALTORS® (LSTAR). "April 2016 was the best
April ever. May 2016 lost out to May 2007 – the best month in the history of
LSTAR – by only 7 units, and June was the best June ever." Sales were up
Year-to-Date by 8.6%.
1,612 homes were listed last month, down 9.2%, and Active
Listings End of Period – or inventory – was down a significant 24%. "We
are still waiting for CMHC to make the final deliberation, but, from where we
stand, it sure looks we're starting to move from a balanced market into a
seller's market," says Evoy. "Given how tight supply is, if you were
thinking of listing your home, now might be a good time to do just that."
So if you are thinking of selling here in the Grand Bend area...NOW is the time to list your home. We have been very busy these past 3 months as well and it is generally slower in July but has not slowed down. Get ready to enjoy summer and find that perfect retreat or cottage, just call RE/MAX!