Communications

Despite a March that both came in like a lion and out like a lion, the 2015 Spring market is off to a solid start with home sales totaling 769 last month. 

Despite record-breaking cold, a total of 535 homes sold in February. Listings were up for February by 6.2%, while inventory—active listings end of period—was down a marginal 1.3%. The market continues to be a balanced one.

2015 was off to a good start with the most home sales for a January since 2007, just prior to the Global Financial Meltdown – a total of 475. January was also the ninth straight month in a row in which area home sales outstripped those of the previous year.

A total of 475 home sales took place in December, making the last month of 2014 not only the best December since 2006, but also the eighth straight month in a row in which area home sales outstripped those of the previous year.

According to Jim Holody, President of LSTAR, "Last month's statistics are just more proof that our local market continues to function at a very healthy pace." November 2014 was the 7th consecutive month in which area home sales outstripped those of the previous year.

In fact, October 2014 proved to be the sixth consecutive month in which area home sales outpaced those of the previous year.

For the fifth month in a row area home sales have exceeded those of the previous year.

980 homes sold in July 2014, making last month the second best July on record, surpassed only by July 2007, when 1,009 homes exchanged hands.

The London and St Thomas Association of REALTORS® is proud to announce that the recipients of this year's LSTAR Scholarship are Morgan Austin, the granddaughter of LSTAR Member Peter Christensen, Laura McFalls, the daughter of LSTAR Member Jeff McFalls, Benjamen Stafl, the grandson of LSTAR Member Yvonne Collyer, and Kale Waram, the grandson of LSTAR Members Mike and Lynn Brady.

The Spring Market might have been slow out of the gate, but it more than made up for any lost time in May. A total of 988 homes exchanged hands last month, the highest record for a month in six years.