Courtesy of Blair Patton

London, ON, April 2026 – In March, 586 homes changed hands via the Multiple Listing Service ® (MLS ® ) of the London and St. Thomas Association of REALTORS ® (LSTAR). That was up 4.1% compared to the same month a year ago and 186 more units sold over the previous month. “Activity has certainly been picking up, which is a positive sign,” said Robin Tiller, LSTAR’s 2026 Chair. “With the change in weather, we’re very encouraged that this is just the beginning of a healthy spring market.” Month over month, average sales price rose slightly in March at $627,112, from $622,414 in February. Noticeable month over month gains in average sales price happened in London South, with average price at $636,946, up from $617,817 the previous month, as well as St. Thomas, coming in at $562,191, up from $545,876 in February. “Our members work with buyers and sellers every day who are feeling the weight of housing affordability,” Tiller said. “The announcements by federal and provincial governments this week are encouraging steps to help boost supply across the housing continuum and create more meaningful paths to home ownership.” live in an apartment or condominium, there are a few things you can do to get your home in tip-top shape. • Ensure gutters are in good repair and clean and that downspouts are aimed into a water barrel or where runoff won’t go into your home. • Inspect windows to ensure caulk hasn’t been damaged over the winter, screens are not torn and are installed correctly. • Turn on and test outdoor faucets to inspect for any leaks freezing might have caused. • Test, repair and clean outdoor light fixtures. • Inspect decks and fences for loose boards or nails and repair if necessary. A proactive spring checkup helps protect your home, extend its lifespan and avoid unexpected repairs down the road. HOME SALES RISE IN MARCH GET YOUR HOME READY FOR SPRING When the snow starts to melt and the sun starts shining, it’s time to do some outdoor home maintenance. Even if you $563,000 all residential BENCHMARK PRICES DOWN 7.4% year-to-year 586 SOLD LISTINGS 1,490 NEW LISTINGS 39.3% SALES TO NEW LISTING RATIO 4.7 MONTHS OF INVENTORY 2,739 ACTIVE LISTINGS

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 March 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. This table displays March’s average prices and MLS ® HPI Benchmark Prices in LSTAR’s main regions.

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