London, ON – In September, 561 homes changed hands via the Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® (LSTAR), up 5.3% compared to September 2025 and up from the previous month, which recorded 526 sales.
“The average sales price saw a jump to $611,509, from $590,550 recorded in August,” said Robin Tiller, LSTAR’s 2026 Chair. “Notably, London South and London North experienced the biggest gains in average sales price, month over month. In London South, the September average sales price was $608,872, up from the August average sales price of $567,783. In London North, the September average sales price was $704,858, up from the previous month, which was $668,345.”
The September sales-to-new listings ratio was 34.7%, down from August, which came in at 37.5%. According to the Canadian Real Estate Association (CREA), a ratio between 45% and 65% indicates conditions of a balanced market.
“The marketplace continued to show signs of a buyers’ market,” Tiller said. “With interest rates holding steady and 5.9 months of inventory, it may be an opportune time for those looking to enter the market. Your local REALTOR® is the best resource to help you navigate through the marketplace with real-time data and professional expertise.”
