Courtesy of Dwyer Team

Housing Sales Pick Up In September

5.9 MONTHS OF INVENTORY

$611,509 all residential

DOWN 1.9% year-to-year

561 SOLD LISTINGS 1,615 NEW LISTINGS 34.7% SALES TO NEW LISTING RATIO

Benchmark Price

London, ON (October 2026) — In September, 561 homes changed hands via the Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® (LSTAR), up 5.3% compared to September 2025 and up from the previous month, which recorded 526 sales. “The average sales price saw a jump to $611,509, from $590,550 recorded in August,” said Robin Tiller, LSTAR’s 2026 Chair. “Notably, London South and London North experienced the biggest gains in average sales price, month over month. In London South, the September average sales price was $608,872, up from the August average sales price of $567,783. In London North, the September average sales price was $704,858, up from the previous month, which was $668,345.” The September sales-to-new listings ratio was 34.7%, down from August, which came in at 37.5%. According to the Canadian Real Estate Association (CREA), a ratio between 45% and 65% indicates conditions of a balanced market. Statistics reflect market activity in September 2026 | Source: London St. Thomas Association of REALTORS® | Market values stated are of the benchmark of London St. Thomas. 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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