By Shawn Jeffords From www.theobserver.ca
In another sign of a strengthening economy, Sarnia-Lambton is poised this spring to post more strong home sales.
Donna Mathewson, president of the Sarnia-Lambton Real Estate Board, said March sales came in at just under $27-million, slightly above the five-year average of $26.3 million for the month.
That’s also a 45% increase from last March, when the recession spooked home hunters and stalled real estate sales.
“This is a good indicator that things remain stable in our area,” Mathewson said. “There are still people out there looking for work. It’s still hard for young people to find jobs, but the market continues to grow.”
Spring is traditionally the busiest time of year for home sales, and with a solid first quarter in the books things look good, she said. Total listings for the month were up 35% and the market now sits at near 1,000 properties actively for sale.
“March sales are indicative of what is sure to be a strong spring market,” she said.
The housing market is also balanced, favouring neither buyer or seller, Mathewson said.
“We have more product for buyers to choose from which is good for the buyers. Prices are still coming up slightly, which is good for the sellers. It seems to be a real mix,” she said.
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