Sales are slowing but prices are holding.
For the second consecutive month, the number of homes sold is less than the previous month while year to date average prices are tracking slightly higher than 2010.
This is another indication that the real estate market in White Oaks and the London area is “balanced.”
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.
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