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

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

In October 2025, the composite benchmark price for homes in the London-St. Thomas area is $565,300, reflecting a 6.0% decrease from the previous year. The market remains balanced, with no significant changes in sales or listings reported this month.

Market Analysis

The London-St. Thomas real estate market continues to exhibit balanced conditions as of October 2025. The composite benchmark price has decreased from $567,100 in September 2025 to $565,300 this month, indicating a slight downward trend. Year-over-year, the benchmark price has fallen from $601,300 in October 2024, suggesting a cooling in the market as buyers adjust to current economic conditions and interest rates.

Property Type Analysis

When examining the property types, the detached homes have a benchmark price of $618,400, while attached/townhouses and apartments are priced at $464,700 and $340,600, respectively. The variations in benchmark prices highlight the ongoing demand for detached homes, despite the overall decline in prices across the market.

Regional Highlights

Regionally, the London-St. Thomas area continues to attract a diverse range of buyers, though the current economic climate may be influencing purchasing decisions. The balanced market indicates that while there are opportunities for buyers, sellers may need to adjust their expectations in terms of pricing to attract interest.

For Buyers

Potential buyers are encouraged to conduct thorough research and consider their long-term goals in the current market. With prices showing a year-over-year decline, this may present an opportunity to negotiate better terms on properties, particularly in the detached segment.

For Sellers

Sellers should be mindful of the current market conditions and the recent price adjustments. Setting a competitive price based on the latest benchmark data will be crucial in attracting buyers and facilitating a successful sale.