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london-ontario

Records For May

May 2021 was yet another remarkable month for home sales activity in LSTAR's jurisdiction: the Association recorded 1,258 residential transactions via its MLS® systems - up 87.5% from May 2020, when the local real estate market was experiencing a pandemic-induced decline.

"This number marks the second best May for LSTAR home sales, surpassed only by May 2017, when LSTAR REALTORS® sold 1,433 homes," said LSTAR 2021 President Jack Lane. "However, year-to-date sales are at an all-time high. At the end of May, there have been 5,175 sales, up 64.3% over the same period last year."

The overall inventory figure, which shows how long it would take to liquidate the existing housing supply in our area at the current rate of sales activity, remained at 0.6 months - its lowest level in the last decade.

 

"The pandemic and the newly introduced mortgage stress test have made the home buying and selling processes complicated. In these conditions, if you're either a buyer or a seller, it has become more important than ever to have a REALTOR® in your corner," Lane concluded.

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WHY USE A REALTOR?

WHAT MY CLIENTS THINK

"Brian has gone above and beyond the sale of my house. He is genuine, honest and straight forward. I have already given his name out to a few friends if they ever need a realtor."

"Brian was a great asset to me in the purchasing of my first new property by going above and beyond what I imagined. I’m extremely happy with the entire process. Even after the sale Brian continued to support me with advice and tips as new first home buyer. Brian’s knowledge in this sector made everything easy and fun!"

- Barbara S.

- Damian B.

"Brian put my needs first. Took care of all my questions and was very prompt and professional. I would highly refer Brian to other homeowners looking to sell."

- Justin L.