Monthly Market Stats

London · Ontario · July 2026

Where the London market stands this month.

A short, honest snapshot of average sale price, listing volume, and days on market in London and surrounding areas. Updated each month as new MLS data is released.

Limelight Realty London Ontario monthly market report

Source: London & St. Thomas Association of Realtors (LSTAR) MLS data, compiled by Limelight Realty.

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London & St. Thomas Market Stats

June 2026 Real Estate Market Update

Home sales remained steady in June across the London and St. Thomas area. Inventory stayed elevated, buyers continued to have more selection, and pricing varied noticeably by area and property type.

753 MLS® sales 4.6 months of inventory 41.6% sales-to-new-listings ratio
June by the numbers

Steady sales, more choice for buyers

$606,614 Average sales price Down 6.7% compared to June 2025
753 Homes sold Up 1.6% compared to June 2025
3,463 Active listings Up 5.4% compared to June 2025
26 Median days on market Compared to 23 days in June 2025
Market pulse: 41.6% sales-to-new-listings ratio
Buyers’ marketBalanced range starts near 45%

CREA generally considers 45% to 65% to be balanced. June came in just below that range, similar to May’s 42.8%.

Inventory remained stable

Months of inventory was 4.6 in June, compared to 4.4 one year earlier. More inventory usually gives buyers more choice and puts more pressure on sellers to price accurately.

Pricing moved lower

The average price was $606,614 in June. This was lower than May’s $662,292 and April’s $618,665, showing that monthly averages can shift with the mix of homes sold.

Market activity summary

Residential market snapshot

Metric June 2026 Compared to June 2025
Sales Activity753Up 1.6%
Dollar Volume$456,780,030Down 5.1%
New Listings1,810Up 0.3%
Active Listings3,463Up 5.4%
Sales-to-New-Listings Ratio41.6%41.1% in June 2025
Months of Inventory4.64.4 in June 2025
Average Price$606,614Down 6.7%
Median Price$565,000Down 5.0%
Sale-to-List Price Ratio97.8%97.9% in June 2025
Median Days on Market2623 in June 2025
Local price map

Average prices by area

Average price is based on the homes that sold during the month. Benchmark price is the MLS® HPI estimate for a typical home in that area where available.

London Overall

$594,946
508Sales2,264Active listings

North London

$700,372
$623,600Benchmark160Sales

South London

$602,313
$559,700Benchmark216Sales

East London

$455,100
$433,900Benchmark132Sales

St. Thomas

$524,184
$515,200Benchmark56Sales

Strathroy-Caradoc

$649,806
$725,500Benchmark43Sales

Middlesex Centre

$963,376
$782,000Benchmark25Sales

Central Elgin

$610,187
$649,700Benchmark24Sales
View detailed area comparison
Area Sales Average Price Benchmark Price Months of Inventory Median DOM
London Overall508$594,946N/A4.524
North London160$700,372$623,6004.422
South London216$602,313$559,7004.426
East London132$455,100$433,9004.625
St. Thomas56$524,184$515,2004.322
Strathroy-Caradoc43$649,806$725,5002.923
Middlesex Centre25$963,376$782,0006.848
Central Elgin24$610,187$649,7004.628.5
MLS® Home Price Index

Benchmark prices by property type

The HPI benchmark price is designed to track the value of a typical home. It can be more useful for trend tracking than the average sale price because the average can move depending on which homes sold that month.

LSTAR Composite

$561,100
1 month -1.6%3 months -0.3%12 months -3.5%

Single Family

$613,800
1 month -1.6%3 months -0.6%12 months -3.9%

Two Storey

$666,300
1 month -0.9%3 months -0.4%12 months -3.4%

One Storey

$548,600
1 month -2.7%3 months -0.8%12 months -4.8%

Townhouse

$432,900
1 month -1.4%3 months -4.4%12 months -9.3%

Apartment

$324,100
1 month -5.2%3 months +0.7%12 months -8.7%
Property type snapshot

Detached, townhouse, and apartment activity

Property Type Sales Average Price Active Listings Months of Inventory Median DOM
All Residential753$606,6143,4634.626
Single Family577$662,9852,5164.422
Townhouse103$470,2044894.744
Apartment50$319,0212895.829.5
Canada comparison

Benchmark prices across Canada

London and St. Thomas remained below the national MLS® HPI benchmark in June. The local benchmark was $561,100, compared to the Canada benchmark of $665,600.

$561,100London and St. Thomas benchmark price
$665,600Canada benchmark price
$104,500Difference below the Canada benchmark
View benchmark prices by city and region
Greater Vancouver
$1,099,100
Oakville-Milton
$1,051,900
Mississauga
$953,400
Greater Toronto
$940,800
Victoria
$890,100
Fraser Valley
$884,800
Hamilton-Burlington
$737,400
Guelph and District
$725,000
Barrie and District
$697,300
Cambridge
$671,100
Canada
$665,600
Kitchener-Waterloo
$642,000
Brantford Region
$632,400
Ottawa
$632,200
Montreal
$596,300
Windsor-Essex
$586,600
Woodstock-Ingersoll
$582,100
Calgary
$576,200
Niagara Region
$571,300
Halifax-Dartmouth
$561,300
London-St. Thomas
$561,100
Huron-Perth
$550,500
Saskatoon
$448,400
Edmonton
$423,900
St. John’s, NL
$423,600
Winnipeg
$403,200

What does this mean for your move?

Every price range and neighbourhood behaves differently. If you are thinking about buying or selling in London, St. Thomas, or the surrounding area, local pricing strategy matters more than the headline average.

Source: London and St. Thomas Association of REALTORS®, Canadian Real Estate Association, MLS® Residential Market Activity and MLS® Home Price Index Report, June 2026. Benchmark price chart values are from the June 2026 MLS® Home Price Index benchmark price comparison graphic. Market data can be revised in future reports.

Want The Same Numbers For Your Neighbourhood?

Hyper-local data, what is selling on your street, what comparable homes actually closed at, and what your home is worth right now, in a 15-minute phone call. No commitment, no email signup.

Call (519) 857-6000 Send a message