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

London Ontario Real Estate Market Report — May 2026

590 single-family detached homes sold across London and St. Thomas in May, up 8.1% from May 2025. Inventory tightened to 4.1 months, the typical home sold in 21 days, and homes sold for 98.2% of list price on average. Here is what that means for buyers and sellers.

Eric Cassidy, REALTOR® in London, Ontario
Eric Cassidy
REALTOR® · Royal LePage Triland Realty, Brokerage · About Eric
Sales (single-family)
590
↑ 8.1% vs May 2025
Average Price
724K
↑ 2.4% vs May 2025
Active Listings
2,435
↑ 176 vs Apr
Months of Inventory
4.1
vs 4.8 in April
Balanced — lower end
Eric's Read

What May's numbers actually mean

May was noticeably busier than April: 590 sales versus 470, and 8.1% more than May 2025. The average price rose to $723,671, up 2.4% from last year. Months of inventory fell to 4.1, near the bottom of the balanced range, so well-priced homes had more competition than they did a month earlier.

📋If you're thinking about selling

Demand picked up. There were 42.1 sales for every 100 new listings, compared with 35.3 in April. Homes sold in a median of 21 days at 98.2% of list price on average. Conditions favoured sellers who priced accurately; they did not remove the need to do so.

🔑If you're thinking about buying

At 98.2% of list price, there was less room below asking than in April, particularly on well-priced homes. Have your pre-approval ready, know your limits, and be prepared to act quickly on a home that fits.

Single-Family Detached · May 2026

The key numbers at a glance

Volume
590
Single-family homes sold
↑ 8.1% yr/yr
Pricing
$724K
Average sale price
↑ 2.4% yr/yr
Pricing
$640K
Median sale price
$640,000
Days on Market
21
Median days to sell
19 days in May 2025
Sale-to-List
98.2%
Average sale price vs asking
New Listings
1,402
New listings in May
42.1 sales per 100 new
Active Listings
2,435
Homes on market at month-end
Inventory
4.1
Months of inventory
Balanced range: 4–6

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

Single-Family Detached · May 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
$723,671
Average sale price · May 2026
Median sale price $640,000
Avg price vs May 2025 ↑ 2.4%
Sales 590
⏱ Time to Sell
21 days
Median days on market · May 2026
May 2025 median 19 days
Average sale-to-list 98.2%
Sales vs May 2025 ↑ 8.1%
🏡 Supply & Demand
4.1 months
Months of inventory · May 2026
Active listings 2,435
New listings 1,402
Sales per 100 new listings 42.1
Sales 590
Historical Context

Where May sits in the 2026 series

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

Each bar is one month of single-family detached data from LSTAR. Median days on market in May 2025 was 19 days.

Market Conditions

Where does London sit right now?

0 4 8+ Seller's Balanced Buyer's
4.1 months
Single-family detached · London & St. Thomas · May 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 (lower end) ← We are here
London and St. Thomas single-family detached homes sit at 4.1 months, at the lower end of the balanced range and close to seller's-market territory (under 4 months).
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 May 2026?
Single-family detached prices in the LSTAR area (London and St. Thomas) were higher year-over-year. The average sale price was $723,671 in May 2026, 2.4% above May 2025, and the median was $640,000. Sales rose 8.1% year-over-year, and the average price was 2.4% higher than May 2025. With 4.1 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 May 2026 was 21 days, compared with 19 days in May 2025. That is two days slower than May 2025 and unchanged from April. Homes sold for an average of 98.2% of list price.
What is the average home price in London Ontario in May 2026?
In May 2026 the average sale price for single-family detached homes in the LSTAR area (London and St. Thomas) was $723,671, 2.4% above May 2025. The median sale price was $640,000. 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. In May, inventory was near the low end of the balanced range (4.1 months) and homes sold at 98.2% of list price on average, so well-priced homes attracted competition. Buyers benefit from being prepared; sellers benefit from pricing to the market rather than above it.
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 4.1 months in May 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: 98.2% means homes sold, on average, for about 1.8% 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 May 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 →