Welcome to episode 6 of the Monday Market Update!
On this weeks episode of the Monday Market Update, Matt provides you with numbers and facts about the London, Ontario real estate market including new listings, homes sold, and homes conditionally sold. In this segment Matt also gives his opinion on what the current London, Ontario market looks like, as well as the surrounding areas! Matt also shares his predictions on what the real estate market will look like going forward.March is over and it was an absolutely insane month for London real estate. We saw a 28% increase in sales volume compared to that of 2016. Like I predicted last week, more listings did hit the market in the past week, but the buyers just cannot be stopped! in the last week, London, Ontario’s real estate market saw: 230 new listings come to market with 391 homes sold or conditionally sold. This is insane! That is a difference of more than 150! We are still seeing this sellers market in London, Ontario. London, Ontario’s housing market set a record back in 2016, when sales were up 11%, however compared to last year we are up 28%! This market is just getting crazier and crazier, the numbers do not lie. One thing I am also starting to notice is that people being priced out of the market in the GTA are starting to find that their money goes a lot further here than it would in a place like Toronto. That being said we are even starting to see people going to the outer ring of the city because they are starting to get priced out of the London market! Timing is important to selling your home and if you are thinking about buying a home. Don’t let time get the best of you and wait too long, give me a call today and we’ll get your house on the market!