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In June 2024, the real
estate market in our region saw significant fluctuations in activity, with
678 homes exchanging hands, according to the latest MLS® statistics of the
London St. Thomas Association of REALTORS® (LSTAR). The average price of a
home in the region was $671,309. The number of new listings in June was
1,510. We remain optimistic that the anticipated rate cuts by the Bank of
Canada will stimulate the real estate market over the summer months.
Central Elgin’s average price increased to $822,389, while London East saw
a rise to $530,031. London North experienced a slight decrease in average
price to $753,575, and Middlesex Centre had a substantial increase to
$1,164,378. These figures indicate a dynamic market with varying trends
across different areas.
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