London and St. Thomas REALTORS® Report June 2026: Balanced Market with Stable Inventory

London and St. Thomas Association of REALTORS — June 2026

In June 2026, the London and St. Thomas Association of REALTORS® (LSTAR) reports a composite benchmark price of $561,100, reflecting a slight decrease from May's $570,000. The sales-to-new listings ratio stands at 41.6%, indicating a balanced market as activity stabilizes heading into the summer months.

Market Analysis

The real estate market in London and St. Thomas demonstrates balanced conditions as evidenced by a sales-to-new listings ratio of 41.6%, comparable to May's 42.8%. With 4.6 months of inventory available, the market remains stable, suggesting that supply is keeping pace with demand. Historical trends indicate that summer months typically see a slowdown in activity; however, June's figures align with sales levels observed over the past four years, indicating resilience in the market.

Property Type Analysis

While specific benchmark prices and sales data for property types are currently unavailable, the overall market conditions suggest that all segments, including detached homes, attached/townhouses, and apartments, are experiencing similar balanced dynamics. Buyers and sellers across these categories can expect steady engagement as the market maintains its equilibrium.

Regional Highlights

The London and St. Thomas region continues to attract interest, with June sales reflecting a 1.6% increase compared to June 2025. This stability in sales activity, despite fluctuations in average prices, highlights the region's ongoing appeal and the effectiveness of local REALTORS® in navigating the market's complexities.

For Buyers

Prospective buyers are encouraged to engage with local REALTORS® to gain insights into the unique characteristics of available properties. With a balanced market and 4.6 months of inventory, buyers have the opportunity to explore various options without the pressure of a highly competitive environment.

For Sellers

Sellers should consider the current market conditions as favorable for listing their homes, given the balanced supply and demand. Working with a knowledgeable REALTOR® can help sellers effectively price their homes and highlight their unique features to attract potential buyers in this stable market.