After a record-breaking April last year, home sales in the London-St Thomas region of Ontario have eased in 2018.
However, the total of 983 home sales is in line with the 10-year average and Realtors remain positive despite the 19.6% year-over-year fall.
Prices were up 5% year-over-year to an average sales price of $367,433 in April 2018 with tight supply boosting prices.
Average prices in the region compare favourably with other Canadian cities. CREA data for March 2018 (latest available) shows a national average of $471,501. London-St Thomas had an average of $356,183, around $50K less than Ottawa and around half the price in Toronto.