Courtesy of Blair Patton

JUNE HOME SALES REMAIN STEADY

41.6% SALES TO NEW LISTING RATIO 4.6 MONTHS OF INVENTORY

3,463 ACTIVE LISTINGS

$606,614 all residential AVERAGE PRICES

753 SOLD LISTINGS 1,810 NEW LISTINGS

DOWN 6.7% year-to-year

London, ON, June 2026 – In June, 753 homes changed hands via the Multiple Listing Service ® (MLS ® ) of the London and St. Thomas Association of REALTORS ® (LSTAR). That was up 1.6%, compared to June 2025, and on par with June sales over the past four years. “The June sales-to-new listings ratio was 41.6%, on par with May which came in at 42.8%,” said Robin Tiller, LSTAR’s 2026 Chair. “According to the Canadian Real Estate Association (CREA), a ratio between 45% and 65% indicates conditions of a balanced market. Historically, we’ve seen slower activity during the summer season, but the June data has given us a steady start.” Average sales price saw some fluctuation last month. It was $606,614, down 6.7% from the same month a year ago. By comparison, the May average sales price was $662,292, while it was $618,665 in April. Inventory remained stable, with 4.6 months of inventory recorded in June. “With the changing nature of real estate, your local REALTOR ® is a great resource if you’re considering buying or selling a home,” Tiller said. “Every home is unique, and they can share their local expertise and help guide you through what’s happening in the marketplace.” The table below displays June’s average prices and MLS ® HPI Benchmark Prices in LSTAR’s main regions.

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 June 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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