Market Update: December's Regional Stats are here

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
StreetCity Realty Inc., Brokerage

#ldnont #stthomasontario #middlesexcounty #realestatemarket

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

Real Estate Sales for December from the London and St. Thomas Region