The August home sales statistics for London Ontario and area are in.
The London-St.Thomas Association of Realtors (LSTAR) reported that sales activity as well as listing activity were both on the rise in August.
Signs of a balanced market.
Balanced Market: In a balanced market, the number of homes for sale satisfies the demand. Characteristics of this market include houses selling within a reasonable time period, sellers accepting reasonable offers and stabilized prices. The atmosphere is usually more relaxed.
"This means that homes may stay on the market a little longer than they have previously, but the good news is that things are definitely moving.”
Read more about London’s Real Estate Market
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