Courtesy of Blair Patton

JULY HOME SALES SHOW SIGNS OF A BALANCED MARKET

44.5% SALES TO NEW LISTING RATIO 4.9 MONTHS OF INVENTORY

3,367 ACTIVE LISTINGS

$603,006 all residential

686 SOLD LISTINGS 1,543 NEW LISTINGS

DOWN 6.7% year-to-year

London, ON (August 2026) — In July, 686 homes changed hands via the Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® (LSTAR). Although down 4.9% from July 2025, the sales activity is on par with activity recorded in the past four years. “The marketplace is starting to see a little more certainty around interest rates, with the Bank of Canada maintaining its policy rate at 2.25% last month, which has remained the same since last October,” said Robin Tiller, LSTAR’s 2026 Chair. “With historically high inventory, it’s setting the stage for a busier fall market. July saw 4.9 months of inventory, with 3,367 active listings across the LSTAR region.” The July sales-to-new listings ratio was 44.5%, up from June which came in at 41.6%.“According to the Canadian Real Estate Association (CREA), a ratio between 45% and 65% indicates conditions of a balanced market,” Tiller said. “Average sales price was $603,006, on par with June, which was $606,614.”

The HPI benchmark price reflects the value of a “typical home” as assigned by buyers in a certain area based on various housing attributes, while the average sales price is calculated by adding all the sale prices for homes sold and dividing that total by the number of homes sold. The HPI benchmark price is helpful to gauge trends over time since averages may fluctuate by changes in the mix of sales activity from one month to the next. Statistics reflect residential market activity in July 2026 | Source: London St. Thomas Association of REALTORS ® . Individual home market values vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

#7 in sales at Sutton for 2025

PLATINUM AWARD

The greatest compliment my clients can give me is the referral of family and friends! BLAIR PATTON Sales Representative Direct: 519.630.9883 | Office: 519.438.2222 blairpatton@rogers.com | www.BlairPatton.com

2025

Privacy Disclosure: We respect your privacy. The sponsor indicated on the front panel provides a complimentary subscription of this publication to you, a valued client. If at any time or for any reason you do not want to receive this publication, please contact the sponsor using any of the contact info on the front panel, and your personal information will be removed from the mailing list immediately. Without response to this cancellation offer, we assume your implied consent and permission to continue provision. Disclaimer: This publication is distributed for the purpose of information only. It is not intended to solicit buyers or sellers currently under contract by a real estate firm or under contract with another Broker or Mortgage Specialist, nor is it intended to cause or induce breach of any existing agreement. Distributed by: dmsmarketing.ca Copyright © 2026 All Rights Reserved / Printed on recyclable material. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by CREA and identify real estate professionals who are members of CREA.