Home Sales Drop in April, While Average Sales Price Remains Steady
Posted by Brian VanBart on
Local home sales decreased more than 50% in April, as the COVID-19 pandemic and the social distancing rules incurred by it slowed the momentum on what was shaping up to be another record year for LSTAR REALTORS®.
Last month, there were 469 home sales in the entire jurisdiction of the London and St. Thomas Association of REALTORS®, down 55.4% from April 2019 and 54.8% less than in April 2010. The number of LSTAR's listings dropped to 738 in April, which represents a 50.3% decrease from a year ago and 56.8% from ten years ago.
"As anticipated, the volume of sales was one of the lowest for April since the Association started tracking data, back in 1978," said 2020 LSTAR President Blair Campbell. "However, when analyzing these figures, one has to take…
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