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

London Ontario Real Estate Market Report — June 2026

577 single-family detached homes sold across London and St. Thomas in June, essentially level with June 2025. The average price eased to $662,985, down 4.9% from last year, and inventory held in the balanced range at 4.4 months. Here is what the numbers mean.

Eric Cassidy, REALTOR® in London, Ontario
Eric Cassidy
REALTOR® · Royal LePage Triland Realty, Brokerage · About Eric
Sales (single-family)
577
↓ 0.2% vs June 2025
Average Price
663K
↓ 4.9% vs June 2025
Active Listings
2,516
↑ 81 vs May
Months of Inventory
4.4
vs 4.1 in May
Balanced
Eric's Read

What June's numbers actually mean

June held steady on volume: 577 sales, a 0.2% change from June 2025. The average price eased to $662,985, down 4.9% from last year and about $60,700 below May. The median price moved the same way, from $640,000 to $610,000. Average prices shift with the mix of homes that sell in a given month, so one month does not set a trend.

📋If you're thinking about selling

Active listings rose to 2,516 from 2,435 in May while sales were steady, and the typical home took 22 days to sell. Buyers had slightly more choice than in May. Pricing to recent sales, not to last spring's prices, is what keeps a listing moving.

🔑If you're thinking about buying

At 98.1% of list price on average and 4.4 months of inventory, conditions were similar to May, but with lower prices. If a home is priced to the current market, there is limited room to negotiate. If it is not, expect it to sit.

Single-Family Detached · June 2026

The key numbers at a glance

Volume
577
Single-family homes sold
↓ 0.2% yr/yr
Pricing
$663K
Average sale price
↓ 4.9% yr/yr
Pricing
$610K
Median sale price
$610,000
Days on Market
22
Median days to sell
21 days in June 2025
Sale-to-List
98.1%
Average sale price vs asking
New Listings
1,358
New listings in June
42.5 sales per 100 new
Active Listings
2,516
Homes on market at month-end
Inventory
4.4
Months of inventory
Balanced range: 4–6

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

Single-Family Detached · June 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
$662,985
Average sale price · June 2026
Median sale price $610,000
Avg price vs June 2025 ↓ 4.9%
Sales 577
⏱ Time to Sell
22 days
Median days on market · June 2026
June 2025 median 21 days
Average sale-to-list 98.1%
Sales vs June 2025 ↓ 0.2%
🏡 Supply & Demand
4.4 months
Months of inventory · June 2026
Active listings 2,516
New listings 1,358
Sales per 100 new listings 42.5
Sales 577
Historical Context

Where June sits in the 2026 series

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

Each bar is one month of single-family detached data from LSTAR. Median days on market in June 2025 was 21 days.

Market Conditions

Where does London sit right now?

0 4 8+ Seller's Balanced Buyer's
4.4 months
Single-family detached · London & St. Thomas · June 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 4.4 months, in the balanced range. Inventory was up slightly from May's 4.1.
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 June 2026?
Single-family detached prices in the LSTAR area (London and St. Thomas) were lower year-over-year. The average sale price was $662,985 in June 2026, 4.9% below June 2025, and the median was $610,000. Sales were essentially flat year-over-year, while the average price was down 4.9%. With 4.4 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 June 2026 was 22 days, compared with 21 days in June 2025. That is one day slower than a year ago. Homes sold for an average of 98.1% of list price.
What is the average home price in London Ontario in June 2026?
In June 2026 the average sale price for single-family detached homes in the LSTAR area (London and St. Thomas) was $662,985, 4.9% below June 2025. The median sale price was $610,000. 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. June was a balanced month: 4.4 months of inventory, 22 median days to sell, and homes sold at 98.1% of list price on average. Prices were lower than a year earlier, so sellers should price to current sales rather than last year's, and buyers should compare recent sales in the neighbourhood they are targeting.
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 4.4 months in June 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: 98.1% means homes sold, on average, for about 1.9% 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 June 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 →