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“Even though this represents the second-highest number of home sales recorded . . . for the month of July. This value is more in line with our pre-pandemic figures, which suggests that our market may be stabilizing,” Jack Lane, president of the London St. Thomas Association of Realtors (LSTAR), said in a statement.
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According to LSTAR’s report for last month, the overall average sales price was $614,913. Though that’s still 26.8 per cent over the same period last year, with 993 properties changing hands, in June of this year the average price was $641,072.
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