Home Prices Continue To Rise In March
Posted by Brian VanBart on
636 homes were sold last month via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR), 11.3% less than in March 2023. The number of newly listed properties surged from 1,024 in February to 1,233 in March, marking an 11.8% increase over a year ago.
“For LSTAR, this was the March with the lowest number of home sales in the last decade, partly because of the statutory holiday Good Friday, which fell at the end of the month this year, and not in April, as usual," said 2024 LSTAR Chair Kathy Amess. “However, the number of new listings was in line with the Association’s ten-year average for the month of March,” she pointed out.
Out of the 636 homes exchanging hands in March in LSTAR’s jurisdiction, 449 were single-family homes,…
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