London Ontario Real Estate Market Update
London & St. Thomas Real Estate Market Stats — August 2026
In August 2026, the MLS® HPI Composite Benchmark Price for London and St. Thomas was $553,500, down 0.6% from July and down 3.5% year-over-year, according to the London and St. Thomas Association of REALTORS® (LSTAR). LSTAR reported 526 home sales in August 2026, a 14.3% decrease from August 2025, while active listings reached 3,332, up 7.9% year-over-year.
Every month, Ryan Hodge & Sandra Tavares break down the latest London Ontario real estate market data straight from LSTAR so buyers and sellers can make decisions based on facts, not headlines. Here's where the market stood in August 2026.
MLS® HPI Benchmark Price — August 2026
The MLS® Home Price Index (HPI) Benchmark Price is the most reliable measure for tracking home values over time, since it adjusts for the mix of properties sold each month — unlike average price, which can swing based on which homes happened to sell. LSTAR's August 2026 benchmark figures by housing type:
| Home Type | Benchmark Price | 1 Month | 12 Months |
|---|---|---|---|
| Composite (All Homes) | $553,500 | -0.6% | -3.5% |
| Single Family | $601,900 | -0.8% | -4.3% |
| One Storey | $540,100 | +0.7% | -4.5% |
| Two Storey | $651,400 | -1.8% | -4.3% |
| Townhouse | $430,400 | +0.5% | -7.8% |
| Apartment | $315,900 | -4.3% | -11.5% |
All benchmark price figures sourced directly from LSTAR's August 2026 MLS® Home Price Index Report.
Sales Activity & Inventory — August 2026
526
Homes Sold (August 2026)
-14.3% vs. August 2025
1,403
New Listings (August 2026)
+4.1% vs. August 2025
3,332
Active Listings (month end)
+7.9% vs. August 2025
6.3
Months of Inventory
Up from 5.0 in August 2025
| Metric | August 2026 | YoY Change |
|---|---|---|
| Average Price | $590,550 | -9.3% |
| Median Price | $553,950 | -6.7% |
| Sales-to-New-Listings Ratio | 37.5% | -8.0 pts (was 45.5%) |
| Sale-to-List Price Ratio | 97.1% | -0.3 pts (was 97.4%) |
| Median Days on Market | 28 days | -2 days (was 30 days) |
LSTAR's report presents August 2025 comparison figures for Average Price, Median Price, Dollar Volume, and Sales Activity as percentage changes rather than dollar levels; the ratio and days-on-market rows above show the actual August 2025 levels as published.
A Sales-to-New-Listings Ratio of 37.5% and 6.3 months of inventory place London and St. Thomas firmly in buyer's market territory as of August 2026, per LSTAR data — both figures moved further toward buyers compared to July 2026's 44.5% ratio and 4.9 months of inventory, giving buyers meaningfully more leverage than they had just one month earlier.
Year-to-Date Snapshot (January–August 2026)
| Metric | 2026 YTD | YoY Change |
|---|---|---|
| Sales Activity | 4,704 | -4.4% |
| New Listings | 11,950 | -0.8% |
| Average Active Listings | 3,024 | +8.3% |
| Average Price | $620,282 | -4.2% |
| Median Price | $570,000 | -4.5% |
National Context
The Bank of Canada held its target overnight rate at 2.25% at its September 2, 2026 announcement — the seventh consecutive hold — with the next scheduled rate decision set for October 28, 2026. For London-area buyers, that rate stability paired with rising local inventory and a softer benchmark price means more selection and more negotiating leverage than the market offered a year ago.
London Neighbourhood Watch
Byron continues to set the premium benchmark for South London, holding demand even as citywide prices soften. In Wortley Village and Old South, heritage character keeps competition tight among move-up buyers. North London — Masonville and Medway — remains the city's highest-volume family market, while East London stays the go-to for value-conscious and first-time buyers navigating today's mortgage rates.
Watch the August 2026 Market Update
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Frequently Asked Questions
What is the MLS® HPI Benchmark Price in London Ontario for August 2026?
The MLS® HPI Composite Benchmark Price for London and St. Thomas was $553,500 in August 2026, down 0.6% from the previous month and down 3.5% from August 2025, according to LSTAR.
Is London Ontario a buyer's market or seller's market right now?
As of August 2026, LSTAR reported a Sales-to-New-Listings Ratio of 37.5% and 6.3 months of inventory in London and St. Thomas — both figures moved further toward buyers compared to July, placing the market firmly in buyer's territory.
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