The London and St. Thomas Association of Realtors (LSTAR) says just under a thousand homes exchanged hands last month, making it the best August on record.
LSTAR says 804 detached homes and 195 condos sold last month; the average sale price was $277,660 compared to a national average of $478,954.
“This has been an absolutely outstanding year for real estate in our area,” says Stacey Evoy, LSTAR President.
“We’ve seen the best April ever, the best June ever and now the best August ever – all in 2016.”
Evoy adds that if you’re thinking of listing your home, you should consider the fall market as inventory was down 29.4%.
The best-selling style of house in the region was the two-storey followed by the bungalow and then ranches.