News Release Tuesday, September 15, 2020 For Comment: Blair Campbell, 519-963-2299 For Background: Bill Madder, 519-641-1400 London, ON – The London and St. Thomas Association of REALTORS® (LSTAR) announced 931 homes exchanged hands in August, making it the second best August for sales since the Association began tracking data in 1978. > “August capped off a very strong summer for home sales in the region,” said 2020 LSTAR President Blair Campbell. “For the first time, the average home sales price was over $500,000. It’s a testament to the pent-up demand caused during the COVID-19 lockdown months.” The average home sales price was $501,584 in August, up 22% over August 2019 and up more than 55% compared to the same time just three years ago. > “It’s important to note the average sales price encompasses all housing types across the entire LSTAR jurisdiction, from single detached homes to high-rise apartment condominiums,” Campbell said. “When you look at the five major areas, each one saw healthy gains.” Read Full Press Release: Document [August 2020 Stats News Release.pdf](/sites/default/files/2020-09/August%202020%20Stats%20News%20Release.pdf)