Records Broken With October Sales
A total of 2,909 LSTAR home sales have been made in 2019 so far, with 928 homes sold in October alone – the best October on record for the LSTAR region.
“Once again, home sales soared to new heights, making last month the best October since 1978, when the Association began tracking sales… In addition, the year-to-date data suggests this year’s home sales are poised to surpass last year’s.” – Earl Taylor, LSTAR 2019 President
Active listings also saw a slight increase, with 1,716 listings in 2019 vs 1,596 listings in 2018. The sales to new listings ratio also rose from last year, sitting at a favourable 79.5%, clearly indicating a seller’s market.
Overall, the average home price for the LSTAR region was $412,883, representing an 8.7% increase over October 2018.
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