London-St. Thomas Real Estate Market Report for July 2026

London-St. Thomas (MLS® HPI) — July 2026

In July 2026, the composite benchmark price for homes in the London-St. Thomas area stands at $557,000, reflecting a 4.0% decrease from the same month last year. The market is currently balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The London-St. Thomas real estate market shows a composite benchmark price of $557,000 for July 2026, down from $561,100 in June 2026 and $580,000 in July 2025. This decline in price year-over-year suggests a moderate cooling trend in the market, which is currently classified as balanced. This balance indicates that supply and demand are relatively equal, providing opportunities for both buyers and sellers to engage without extreme pressure on either side.

Property Type Analysis

In terms of property types, the benchmark price for detached homes is $606,800, while attached/townhouses are priced at $428,400, and apartments at $330,000. The differences in benchmark prices reflect the varying demand and supply dynamics across these property types, with detached homes typically commanding a higher price due to their larger size and desirability.

Regional Highlights

The London-St. Thomas area continues to experience a diverse range of housing options, appealing to a broad spectrum of buyers. The balanced market conditions suggest that while prices are stabilizing, there remains a healthy level of activity, which can be attributed to the area's ongoing economic development and community amenities.

For Buyers

Potential buyers are encouraged to take advantage of the current balanced market, which allows for more negotiation power and the possibility of securing favorable terms. With benchmark prices showing a slight decline, now may be an opportune time to enter the market.

For Sellers

Sellers should remain realistic about pricing in the current market environment. With a benchmark price decrease year-over-year, it is advisable to work closely with a real estate professional to set competitive pricing strategies that attract buyers while maximizing value.