Area housing market bouncing back from slow summer, new figures show

London's housing market showed signs of recovery in September, with home sales increasing by six percent year-over-year, totaling 562 sales. The average resale price rose to $641,583, a slight increase from last year. The Bank of Canada's recent interest rate cuts may have contributed to this positive trend, as the market adjusts after a sluggish summer. New listings reached 1,569, resulting in a 19.8 percent increase in active listings compared to the previous year.

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