There was an increase of 6.9 % more houses sold in March 2020 vs March 2019. A total of 866 homes a past month in London and St Thomas.
12.3% increase in the first quarter of 2020 compared to last year’s same quarter.
The average price this March was $447,152. It raised 10.3% compared with March a year ago.
COVID-19 effects are expected to still impact the Real Estate market activity until this emergency ceases, in my opinion, we might have a temporary steady market where only “Essential Business” is expected to take place. After it, we all are looking forward to seeing how Demand and Supply determine where prices go.
As members of LSTAR, Realtors are called to follow the protocols given by our leaders, prioritizing the safety of our community; yes we are still here for you, that is why we also encourage you to stay home! only if essential to go out, inquire about your Realtor for the protocols.
Compared to Average prices March last year, price increases in London were as follows: East London 20.8%, South London 13.8 %, North London 1.4%. The increase in Middlesex County of 21.1 % his remarkable.