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The COVID-19 pandemic has done nothing to cool the “frenzy” in London’s housing market.
Realtors sold a record 596 homes and low inventory coupled with high demand pushed prices to new levels with the average sale price hitting $555,000 in December.
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“I am not surprised by the demand,” said Blair Campbell, president of London and St. Thomas Association of Realtors (LSTAR).
“The hard part of that story is the inventory levels. We still sit at an all-time low inventory.”
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