The London and St. Thomas Association of Realtors saw just its second best January in history last month, with 529 homes exchanging hands throughout the region.
The extraordinary buyers’ demand combined with the severe shortage of housing supply continues to favour home sellers and to exacerbate home prices.
In St. Thomas, the average sale price for a home in January 2022 was $689,687 and $856,954 in Central Elgin.
This, compared to December of 2021, where the average sale price for a home in St. Thomas was $656,923 and $778,490 in Central Elgin.
