September brought more sales and more active inventory across the London and St. Thomas market compared with September 2025, while average pricing remained lower. Homes took longer to sell, making accurate pricing and strong presentation important for sellers.
The ratio moved higher year over year as 561 sales were recorded against 1,615 new listings.
Months of inventory were 5.9 in September, compared with 6.1 in September 2025. Active listings increased to 3,335.
The September average price was $611,509, down 1.9% from September 2025. The median price was $560,000, down 4.3% year over year.
| Metric | September 2026 | Compared to September 2025 |
|---|---|---|
| Sales Activity | 561 | Up 5.3% |
| Dollar Volume | $343,056,771 | Up 3.3% |
| New Listings | 1,615 | Down 5.1% |
| Active Listings | 3,335 | Up 3.1% |
| Sales-to-New-Listings Ratio | 34.7% | 31.3% in September 2025 |
| Months of Inventory | 5.9 | 6.1 in September 2025 |
| Average Price | $611,509 | Down 1.9% |
| Median Price | $560,000 | Down 4.3% |
| Sale-to-List Price Ratio | 96.9% | 97.0% in September 2025 |
| Median Days on Market | 34 | 29 in September 2025 |
Average price reflects the homes sold during September. Benchmark price is the MLS® HPI estimate for a typical home in that area where available.
| Area | Sales | Average Price | Benchmark Price | Months of Inventory | Median DOM |
|---|---|---|---|---|---|
| London Overall | 381 | $591,927 | N/A | 5.7 | 33 |
| North London | 107 | $704,858 | $613,000 | 6.4 | 31 |
| South London | 164 | $608,872 | $550,400 | 5.4 | 34 |
| East London | 110 | $456,814 | $432,300 | 5.5 | 33 |
| St. Thomas | 41 | $544,865 | $496,800 | 5.9 | 28 |
| Strathroy-Caradoc | 31 | $669,705 | $729,500 | 4.2 | 32 |
| Middlesex Centre | 24 | $850,213 | $756,300 | 6.9 | 33.5 |
| Central Elgin | 18 | $748,264 | $623,100 | 6.0 | 78.5 |
The benchmark price is designed to track the value of a typical home and can be useful alongside monthly average prices, which can move with the mix of homes sold.
September recorded more sales and more active inventory than a year earlier, while average prices were lower and homes took longer to sell. Conditions can still vary significantly by neighbourhood, price range and property type, so local comparable sales remain important when setting a list price or preparing an offer.
Source: London and St. Thomas Association of REALTORS®, Canadian Real Estate Association, MLS® Residential Market Activity and MLS® Home Price Index Report, September 2026. The report notes that current and historical figures can be revised in future reports.
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