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 nearly two percent increase from last year. The Bank of Canada's recent interest rate cuts may have contributed to this positive trend. The region saw 1,569 new listings, resulting in 3,049 active listings, a 19.8 percent increase compared to the previous year. Despite these improvements, the market remains below the highs experienced during the COVID-19 pandemic.
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