The local real estate market proved to be just as hot in August as the weather.
The London and St. Thomas Association of Realtors (LSTAR) reports that 999 homes were sold last month, making it the best August on record.
According to LSTAR, 804 detached homes and 195 condos were sold in August.
The average sale price was $277,660, $200,000 less than the national average of $478,954.
“This has been an absolutely outstanding year for real estate in our area,” says Stacey Evoy, LSTAR President in a news release.
“We’ve seen the best April ever, the best June ever and now the best August ever – all in 2016.”