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Area home sales dip, but signs of market stability abound
['Norman De Bono']
St Thomas Times Journal
The London and region’s real estate market slumped in July, with sales dropping from June and also dipping from the same period last year.
The London and region’s real estate market slumped in July, with home sales dropping from June and also dipping from the same period last year, newly released figures show.
Article contentBut there were signs of stability with sales increasing compared to the number of listings, which is a positive sign, said LSTAR chairperson Robin Tiller.
It means we have moved out of a buyer’s market and into a balanced market,” Tiller said.
She also applauded interest rates holding steady at 2.25 per cent, another sign of stability.