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Market Overview for the First 8 months of 2021 in London Ontario.
Active & New Listings continue to decline since the peak in May at 1,114 new listings coming to market. In July only 804 homes were listed. In August this number dropped to 736 new listing across the city. When added to the few remaining previously listed homes supplies remain limited. The number of homes offered for sale dropped further under the current 1.25 months’ supply level to about only 80% of a single month’s supply. Remember a balanced market, where bidding wars...
Market update for the First Half of 2021 in London & St Thomas.
CITY OF LONDON:
Listings have been steadily but marginally increasing. In January there were only 494 new listings, February 721, March 1,112, April 1,074, May 1,114 and then in June, 1,101 homes came to Market across the City. When added to the few remaining previously listed homes, listing supplies remain limited. The number of homes offered for sale has consistently remained at about 1 month’s supply or less. In June inventory rose marginally to about 1 ¼ month’s...
2020 Sales Results in London St. Thomas
CITY OF LONDON OVERVIEW:
Well, it is time to say goodbye to an incredibly challenging and interesting year of changes in our lives and in our housing market, a market driven by changes to lifestyle because of Covid-19. Highest case counts embrace the city of Toronto. Business Lockdowns have established a large “Work from Home” base across the province. Technologies such as computer video cameras and cell phone video cameras, zoom...
