London Ontario Real Estate Market Report — August 2026
402 single-family detached homes sold across London and St. Thomas in August, down 16.8% from August 2025. Inventory rose to 6.0 months, the high point of the spring and summer reports, and the average price was down 8.1% from last year. Here is what the numbers mean.
What August's numbers actually mean
August was the quietest month of the period: 402 sales, down 16.8% from August 2025, and an average price of $642,453, down 8.1%. Active listings were steady at 2,427, so with fewer sales, months of inventory rose to 6.0, the top of the balanced range. The homes that did sell moved at a normal pace, with a median of 27 days, two days faster than last August.
If you're thinking about selling
Fewer sales against steady inventory means more competition for each buyer. At 6.0 months, a pricing mistake costs more than it did in spring. Sellers who priced to recent sales and presented the home well still sold in under a month.
If you're thinking about buying
Buyers had the most choice of the period and the sale-to-list ratio was 97.0% on average. That gives real negotiating room, particularly on homes that have been listed for several weeks. Quiet months can also mean fewer well-priced homes, so be ready when one appears.
The key numbers at a glance
Source: LSTAR Residential Market Activity Report, August 2026 (single-family detached; London and St. Thomas area). Figures are historical, may be revised, and are for information only.
Price, speed and supply in detail
The three numbers most buyers and sellers ask about: what homes are selling for, how long they take, and how much choice buyers have.
Where August sits in the 2026 series
Each bar is one month of single-family detached data from LSTAR. Median days on market in August 2025 was 29 days.
Where does London sit right now?
What buyers and sellers are asking right now
More questions about the London market
What does this market mean for your home?
Numbers are useful. A conversation about your specific home, neighbourhood and timeline is more useful. Eric gives you an honest read — no pressure, no obligation.
Eric Cassidy, REALTOR® · Royal LePage Triland Realty, Brokerage · (519) 871-4536