Prices will be down year over year for some time but the Home Price Index is now up 4.6% from 3 months ago. Despite fewer sales compared to previous years, things continued to heat up in March. The market is quite balanced right now as sellers still have to price their homes competitively but buyer urgency has returned with inventory dropping (down to 2 months vs. 3 months in February).

If you have questions, let's connect. I keep my finger on the pulse of the market so you don't have to!

Zachary Timmerman
REALTOR®
StreetCity Realty Inc., Brokerage
519-702-5979
✉️ info@zacharytimmerman.com

December's regional stats for London Ontario & surrounding area are here. Prices remained fairly steady month over month with a modest decline from November. The total number of sales was definitely a decrease from the past few years where we saw record numbers. Just looking at the numbers never tells the full story.

We are continuing to see some listings not selling, but we are also seeing buyer activity start to pick up so far in January. Pricing competitively remains an important factor that can determine success for sellers. Presentation matters. Your real estate agent's marketing plan matters. As the average days on the market increase, working with (and listening to) a professional is crucial for success.

If you have a question about the market, drop it in the comments or send me a private message. I'm always happy to help.

Zachary Timmerman
REALTOR®
StreetCity Realty Inc., Brokerage
519-702-5979
✉️ info@zacharytimmerman.com

#ldnont #stthomasontario #middlesexcounty #realestatemarket

Stats courtesy of the London St. Thomas Association of REALTORS®.