March housing market results are now available and “March Sales Down Slightly” is the headline from the London St Thomas Association of REALTORS®.
The London MLS Board reported that local sales decreased 4.8% while the year to date average price for a home increased 3.4% from January.
The numbers breakout as follows for March 2012:
Total Detached: 623 (2012) vs 647 (2011), down 24 houses or -3.7%
Condos 147 (2012) vs 162 (2011), down 15 condominiums or -9.2%
Total 770 (2012) vs 809 (2011), down 39 homes or -4.8%
Year to date it appears that the condo market is soft since with the except of last market condos have been down each month of 2012.
As usual, I will be providing more detailed analysis of the London housing market figures for March 2012 over the next few days.