The London and St. Thomas Association of Realtors wrapped up 2021, selling 530 homes in December.
That marks the associations second best results in December and brought the total number of homes sold throughout the past year to 10,964.
“2021 proved to be a very strong year for us’ said 2021 LSTAR President Jack Lane. “The COVID-19 pandemic, which forced numerous people to work from home for most of this year, continued to fuel our local housing market, bringing the inventory levels to historic lows and pushing the home prices up.”
At the end of December 2021, there were only 175 active listings on the Association’s MLS system, with only 0.3 months of housing inventory left.
In St. Thomas, the average sale price for a home in December 2021 was $656,923 and $778,490 in Central Elgin.
This, compared to November, where the average sale price for a home in St. Thomas was $609,722 and $725,596 in Central Elgin.
