London Ontario Real Estate Market Update — Q2 2026
The second quarter of 2026 brought softer prices but steadier sales activity to London, Ontario — a market that's settled into balanced-to-buyer conditions after a volatile spring. Here's what actually happened with prices, sales volume, and inventory from April through June, and what it means if you're buying or selling in London Ontario right now.
Eric Cassidy
London Ontario Real Estate Agent, Cassidy & Co.
London Ontario Real Estate Market — Q2 2026 at a Glance
Q2 2026 (April, May, June) showed prices easing month over month while sales volume held up better than the headline price drop suggests. June sales were actually up 1.6% year over year, even as the average price came down.
Source note: Figures above are compiled from LSTAR and CREA Market Activity Reports for London & St. Thomas. Eric's own monthly market report page has April as its latest fully published breakdown as of this writing — May and June figures here are drawn from LSTAR/CREA data directly. See Eric's full monthly reports for the most current numbers as they're published, and always confirm current pricing on a specific home directly with Eric before making a decision.
How Much Did Homes Sell For in London Ontario in Q2 2026?
Prices fell across every property type on a year-over-year basis in Q2. Single detached homes held up best, with a median sale price of $640,000 — down 2.3% year over year. Townhouses and row units saw a steeper drop, down 8.7% to a median of $483,708. Apartments and condos were hit hardest, down 15.4% year over year to a median of $290,000.
That spread matters: it's not one uniform market moving together. Detached homes in established neighbourhoods are proving more price-resilient than condos and townhomes, which are more exposed to investor activity and first-time-buyer affordability pressure.
Is London Ontario a Buyer's Market or a Seller's Market Right Now?
London sat in balanced-to-buyer's-market territory through Q2 2026. Months of inventory — how long it would take to sell everything currently listed at the current sales pace — sat at 4.6 in June, down slightly from May but still above the 4-month line that typically marks a seller's market. The sales-to-new-listings ratio (SNLR) eased from 42.8% in May to 41.6% in June, meaning fewer of each month's new listings are actually finding buyers.
In plain terms: buyers have more selection and more negotiating room than they did a year ago, but this isn't a market crash — it's a rebalancing after several years of tighter conditions.
My take: If you're selling, pricing accurately from day one matters more in this market than it did two years ago — overpriced listings are sitting longer and getting chased down, not bid up. If you're buying, Q2's conditions gave you more room to negotiate on price and closing terms than London has seen in a while, particularly on condos and townhomes. Neither situation calls for panic — it calls for a plan based on real numbers, not headlines.
Frequently Asked Questions
What was the average home price in London Ontario in Q2 2026?
The average sale price moved between roughly $607,000 and $662,000 across April, May, and June 2026, according to LSTAR data — April averaged $618,665, May $662,292, and June $606,614. Prices vary significantly by property type and neighbourhood, so these are city-wide averages, not a specific home's value.
Is London Ontario a buyer's market in 2026?
London leaned balanced-to-buyer's-market through Q2 2026, with 4.6 to 5.0 months of inventory and a sales-to-new-listings ratio in the low-to-mid 40% range. That gives buyers more selection and negotiating room than in a tighter seller's market, without representing a sharp downturn.
Did home prices go down in London Ontario in 2026?
Yes, on a year-over-year basis. Q2 2026 median prices were down across all property types compared to Q2 2025 — single detached homes down 2.3%, townhouses/row units down 8.7%, and apartments/condos down 15.4%. Month-to-month, prices fluctuated rather than moving in one steady direction.
How many homes sold in London Ontario in June 2026?
753 homes sold in June 2026 across the LSTAR region, up 1.6% from June 2025 — a sign that sales activity stayed resilient even as average prices came down.
Which London Ontario property type held its value best in Q2 2026?
Single detached homes held value better than other property types, with a median price down only 2.3% year over year to $640,000, compared to steeper drops for townhouses (-8.7%) and apartments/condos (-15.4%).
MARKET INTELLIGENCE
Want the real numbers before you buy or sell?
Eric publishes a plain-language market report every month and gives free, honest home evaluations based on what's actually selling on your street — not city-wide averages.
Eric Cassidy
London Ontario Real Estate Agent — Cassidy & Co.
Eric Cassidy is a REALTOR® and LSTAR member who publishes a plain-language London Ontario market report every month, drawing on official LSTAR/CREA data and 30+ years of on-the-ground experience in the city. Learn more about Eric and the team.
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