The London & St. Thomas Real Estate Association (LSTAR) Market Statistics for the month Ending May, 2013 came out yesterday and I have my little summary done (already). No need to send your congratulations or to applause.
This is my favourate compilation of statistics that interest me. I like them because they are easy and stats are not always my thing.
These London & St. Thomas Real Estate Market Statistics for Month Ending May, 2013 are for detached homes in LSTAR's jurisdiction. If you are curious about other area statistics, please contact me.
May 2013 Last Month May 2012
Detached Units Sold: 789 720 751
Detached Units Active: 3171 2963 3127
(end of period)
May Absorption Rate: 4.01 Months 4.11 Months 4.16 Months
Average Price: $265,129 $262,996 $265,756
My thoughts:
London & St. Thomas Real Estate Market Statistics for Month Ending May, 2013 saw a nice rally from April and from last May numbers with more sales as well as more listings which is good news for both buyers and sellers.
I took a few days off in May and when I returned I had some lovely newly listed homes to show and sell to my buyer clients (see my recent "Look at What I Sold" blog)
An added market feature that my OMAC mortgage contact likes to remind me of: rates are low.
Good rates together with good inventory and good demand makes this a continued balanced market in London & St. Thomas Real Estate Market Statistics for Month Ending May, 2013 which is... good.
I love statistics!
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