London and St. Thomas Association of REALTORS Market Report - July 2026

London and St. Thomas Association of REALTORS — July 2026

In July 2026, the London and St. Thomas Association of REALTORS® (LSTAR) reported 686 homes sold through the MLS®, reflecting a 4.9% decrease from July 2025. The market remains balanced with a sales-to-new listings ratio of 44.5% and 3,367 active listings.

Market Analysis

The real estate market in the LSTAR region is currently characterized as balanced, with 4.9 months of inventory available. This indicates a healthy equilibrium between supply and demand, as the sales-to-new listings ratio has increased from 41.6% in June to 44.5% in July. The Bank of Canada's steady policy rate at 2.25% since last October has contributed to a sense of stability in the market, encouraging potential buyers to engage in transactions as they gain confidence in the interest rate environment.

Property Type Analysis

While specific sales data for property types is not available, the overall market dynamics suggest that detached homes, attached/townhouses, and apartments are all experiencing similar conditions in terms of inventory and buyer interest. The balanced market conditions indicate that buyers across all property types are likely to find suitable options without facing extreme competition or pricing pressures.

Regional Highlights

The LSTAR region continues to see historically high inventory levels, which is setting the stage for a potentially busier fall market. The local economy benefits significantly from housing transactions, with an estimated $124,200 in spin-off spending generated per transaction, translating to over $85 million in economic impact from July home sales alone. This underscores the importance of the real estate sector to the region's financial health.

For Buyers

For prospective buyers, the current balanced market presents an opportunity to explore a variety of properties without the pressure of intense competition. It is advisable to conduct thorough research and consider engaging with a REALTOR® to navigate the available listings effectively and make informed decisions.

For Sellers

Sellers should take advantage of the current high inventory levels by ensuring their properties are well-presented and competitively priced. Collaborating with a REALTOR® can help in developing a strategic marketing plan that highlights the unique features of the home, attracting potential buyers in a balanced market.