Market Report July 2026 · London & St. Thomas, Ontario · Single-family detached · Source: LSTAR

London Ontario Real Estate Market Report — July 2026

526 single-family detached homes sold across London and St. Thomas in July, down 6.2% from July 2025. The typical home took 29 days to sell, up from 22 in June, and homes sold for 97.1% of list price on average. Here is what that means if you are buying or selling.

Eric Cassidy, REALTOR® in London, Ontario
Eric Cassidy
REALTOR® · Royal LePage Triland Realty, Brokerage · About Eric
Sales (single-family)
526
↓ 6.2% vs July 2025
Average Price
649K
↓ 6.3% vs July 2025
Active Listings
2,442
↓ 74 vs Jun
Months of Inventory
4.6
vs 4.4 in June
Balanced
Eric's Read

What July's numbers actually mean

July showed a clear cooling in speed and price. The median days on market rose to 29 from 22 in June, the average sale-to-list ratio fell to 97.1% from 98.1%, and the average price was down 6.3% from July 2025. New listings dropped to 1,151 from 1,358 in June, which is why sales-to-new-listings rose to 45.7% even though sales fell.

📋If you're thinking about selling

Homes took about a week longer to sell than in June and closed closer to 3% below list on average. A high list price in July meant a longer wait, not a better result. Price to the market on day one.

🔑If you're thinking about buying

At 97.1% of list price and 29 median days, buyers had more time and more room to negotiate than in the spring months. That is useful, but only on homes that are priced fairly. The best-priced homes still sell quickly.

Single-Family Detached · July 2026

The key numbers at a glance

Volume
526
Single-family homes sold
↓ 6.2% yr/yr
Pricing
$649K
Average sale price
↓ 6.3% yr/yr
Pricing
$605K
Median sale price
$605,000
Days on Market
29
Median days to sell
23 days in July 2025
Sale-to-List
97.1%
Average sale price vs asking
New Listings
1,151
New listings in July
45.7 sales per 100 new
Active Listings
2,442
Homes on market at month-end
Inventory
4.6
Months of inventory
Balanced range: 4–6

Source: LSTAR Residential Market Activity Report, July 2026 (single-family detached; London and St. Thomas area). Figures are historical, may be revised, and are for information only.

Single-Family Detached · July 2026

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.

💰 Price
$649,459
Average sale price · July 2026
Median sale price $605,000
Avg price vs July 2025 ↓ 6.3%
Sales 526
⏱ Time to Sell
29 days
Median days on market · July 2026
July 2025 median 23 days
Average sale-to-list 97.1%
Sales vs July 2025 ↓ 6.2%
🏡 Supply & Demand
4.6 months
Months of inventory · July 2026
Active listings 2,442
New listings 1,151
Sales per 100 new listings 45.7
Sales 526
Historical Context

Where July sits in the 2026 series

Sales — April to July 2026 (single-family detached)
Apr
470
May
590
Jun
577
Jul
526
Median days on market — April to July 2026
Apr
21 days
May
21 days
Jun
22 days
Jul
29 days

Each bar is one month of single-family detached data from LSTAR. Median days on market in July 2025 was 23 days.

Market Conditions

Where does London sit right now?

0 4 8+ Seller's Balanced Buyer's
4.6 months
Single-family detached · London & St. Thomas · July 2026
Seller's Market — Under 4 months
Sellers have leverage. Multiple offers are common, and homes sell quickly and often above asking.
Balanced — 4–6 months ← We are here
London and St. Thomas single-family detached homes sit at 4.6 months, in the balanced range. Inventory was little changed, but homes were taking longer to sell.
Buyer's Market — Over 6 months
Buyers hold the leverage. Larger price reductions and longer days on market are typical.
Straight Answers

What buyers and sellers are asking right now

Is the London Ontario real estate market going up or down in July 2026?
Single-family detached prices in the LSTAR area (London and St. Thomas) were lower year-over-year. The average sale price was $649,459 in July 2026, 6.3% below July 2025, and the median was $605,000. Sales were down 6.2% year-over-year, and the average price was 6.3% lower than July 2025. With 4.6 months of inventory, conditions are balanced.
How long does it take to sell a home in London Ontario right now?
The median days on market for single-family detached homes in July 2026 was 29 days, compared with 23 days in July 2025. That is six days slower than a year ago and seven days slower than June. Homes sold for an average of 97.1% of list price.
What is the average home price in London Ontario in July 2026?
In July 2026 the average sale price for single-family detached homes in the LSTAR area (London and St. Thomas) was $649,459, 6.3% below July 2025. The median sale price was $605,000. The average moves with the mix of homes sold in a month, so the median is a useful second reference.
Is now a good time to buy or sell a home in London Ontario?
That depends on your timeline, finances and the specific home. July was still balanced on inventory (4.6 months), but homes took longer to sell (29 median days) and closed at 97.1% of list price on average. Buyers had more room to negotiate than in spring; sellers had less room for an aggressive list price.
Frequently Asked

More questions about the London market

What does "months of inventory" actually mean?
Months of inventory tells you how long it would take to sell all current listings at the current rate of sales, with no new listings added. Under 4 months is generally a seller's market, 4–6 months is balanced, and over 6 months favours buyers. Single-family detached homes in the LSTAR area stood at 4.6 months in July 2026.
Why does this report cover single-family detached homes only?
Single-family detached homes are the segment most London and St. Thomas buyers and sellers are asking about, and a single set of consistent metrics is easier to follow month to month. Condominium, townhouse and apartment markets can move differently. If you want numbers for a specific property type or neighbourhood, ask Eric directly.
What do median days on market and sale-to-list ratio mean?
Median days on market is the middle number of days it took homes to sell, so half sold faster and half took longer. The sale-to-list ratio compares the final sale price with the asking price: 97.1% means homes sold, on average, for about 2.9% less than list.
Where does Eric Cassidy get this market data?
All statistics in this report come from the London and St. Thomas Association of REALTORS® (LSTAR) monthly Residential Market Activity Report for July 2026, using the single-family detached figures. Figures are historical, may be revised by LSTAR, and are for information only; they are not a valuation of any property or a forecast.

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.

Get a Free Home Evaluation Talk to Eric

Eric Cassidy, REALTOR® · Royal LePage Triland Realty, Brokerage · (519) 871-4536

Past Reports
February 2026 April 2026 May 2026 June 2026 July 2026 August 2026 September 2026 All market reports →