Home Trends from The Dwyer Team

THE DWYER TEAM

HOME SALES REMAIN STEADY IN APRIL

ACTIVE LISTINGS 3,175

NEW LISTINGS 1,772

SOLD LISTINGS 638

BENCHMARK PRICE All Residential $618,665

London, ON (May 2026) – In April, 638 homes changed hands via the Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® (LSTAR). Although down 6.6% compared to April 2025, that was an increase of 52 more units sold over the previous month. “Inventory remains at a historically high level, with five months of inventory recorded in April” said Robin Tiller, LSTAR’s 2026 Chair. “There are plenty of options for prospective buyers, and this is reflected in the sales-to-new listings ratio, which was 36%. According to the Canadian Real Estate Association (CREA), a sales-to-new listings ratio below 45% indicates signs of a buyers’ market.” Average sales price was $618,665 in April, down from the previous month, which was $627,112. Noticeable month over month gains in average sales price happened in St. Thomas, with average price at $584,110, up from $562,191 the previous month, as well as Strathroy-Caradoc, coming in at $656,869, up from $590,848 in March. Source: London St. Thomas Association of REALTORS® | Market values stated are of the benchmark of London St. Thomas and surrounding region. Individual home market values will 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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