London-St. Thomas Real Estate Market Report - December 2025

London-St. Thomas (MLS® HPI) — December 2025

In December 2025, the composite benchmark price for homes in the London-St. Thomas area is $552,800, reflecting an 8.3% decrease from the previous year. The market remains balanced, with no new sales or listings reported this month.

Market Analysis

The London-St. Thomas real estate market is currently experiencing a balanced condition, as indicated by the stable composite benchmark price of $552,800. This represents an 8.3% decline compared to December 2024, when the benchmark was $602,800. The absence of sales and listings data for December suggests a period of adjustment as both buyers and sellers navigate the current market dynamics, potentially influenced by broader economic factors and seasonal trends.

With the benchmark price decreasing from $559,900 in November 2025 to $552,800 in December, the market may be responding to a combination of increased inventory levels and shifting buyer sentiment. The lack of sales data indicates a pause in activity, which could be a result of buyers waiting for more favorable conditions or sellers reassessing their pricing strategies in light of the recent price declines.

Property Type Analysis

In terms of property types, the benchmark price for detached homes stands at $610,700, while attached/townhouses are priced at $435,000, and apartments at $324,000. The significant price difference among these categories highlights the varying demand and supply dynamics within the market, with detached homes typically commanding higher prices due to their larger size and desirability in family-oriented neighborhoods.

As the market adjusts, potential buyers may find opportunities in the attached and apartment segments, which could offer more affordable options compared to detached homes. However, the lack of sales data across all property types suggests that prospective buyers may be taking a cautious approach, awaiting clearer signals before making purchasing decisions.

Regional Highlights

The London-St. Thomas region continues to reflect broader trends seen across many Canadian markets, where price corrections are occurring after a period of rapid growth. The balanced market condition indicates that while prices are declining, there is still sufficient demand to prevent a buyer's market from fully developing. This stability may encourage both buyers and sellers to engage in negotiations, as the market seeks to find a new equilibrium.

Additionally, the absence of new listings in December may indicate a seasonal slowdown typical for this time of year, as many homeowners choose to wait until the spring to list their properties. This could lead to a tighter inventory situation in the coming months, potentially stabilizing prices if demand picks up.

For Buyers

For buyers in the London-St. Thomas area, this may be an opportune time to explore the market, particularly in the attached and apartment segments, where prices are more accessible. With the current benchmark price reflecting a year-over-year decline, buyers may find favorable conditions to negotiate offers. It is advisable to remain informed about market trends and be prepared to act when suitable properties become available.

For Sellers

Sellers should consider the current market dynamics and the recent price decline when pricing their homes. With the market remaining balanced, it is essential to set realistic expectations and be open to negotiations. Engaging with a knowledgeable real estate professional can provide valuable insights into pricing strategies and marketing approaches to attract potential buyers during this transitional period.