Courtesy of Blair Patton

HOUSING INVENTORY HITS NEW HIGH IN AUGUST

37.5% SALES TO NEW LISTING RATIO 6.3 MONTHS OF INVENTORY

$590,550 all residential

3,332 ACTIVE LISTINGS

DOWN 9.3% year-to-year

526 SOLD LISTINGS 1,403 NEW LISTINGS

London, ON (September 2026) — In August, 526 homes changed hands via the Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® (LSTAR), and inventory reached a new peak, with 6.3 months of inventory recorded. “Historically, we have seen slower sales activity in the summer, but the August numbers are on par with activity over the past four years,” said Robin Tiller, LSTAR’s 2026 Chair. “The August sales-to-new listings ratio was 37.5%, down from July, which came in at 44.5%. According to the Canadian Real Estate Association (CREA), a ratio between 45% and 65% indicates conditions of a balanced market. The activity in August showed signs of a buyers’ market.” This was evident with average sales price, which was $590,550. This represents the average price across all LSTAR regions. Notably, two areas showed increases in average sales price, month over month. In London East, the August average sales price was $489,735, up from the July average sales price of $456,416. In St. Thomas, the August average sales price was $557,485, up from the previous month, which was $500,819.

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 August 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.

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