June Market Shows Steady Growth in Housing Prices
Posted by Brian VanBart on
In June 2024, the real estate market in our region saw significant fluctuations in activity, with 678 homes exchanging hands, according to the latest MLS® statistics of the London St. Thomas Association of REALTORS® (LSTAR). The average price of a home in the region was $671,309. The number of new listings in June was 1,510. We remain optimistic that the anticipated rate cuts by the Bank of Canada will stimulate the real estate market over the summer months.
Central Elgin’s average price increased to $822,389, while London East saw a rise to $530,031. London North experienced a slight decrease in average price to $753,575, and Middlesex Centre had a substantial increase to $1,164,378. These figures indicate a dynamic market with varying trends across…
53 Views, 0 Comments