June 2026 London Ontario Real Estate Market Report: What the Stats Really Show
In June 2026, the MLS® HPI Composite Benchmark Price for London and St. Thomas sat at $561,100, down 3.5% from a year earlier, while sales activity across the London and St. Thomas Association of REALTORS® (LSTAR) territory held nearly flat at 753 transactions. Ryan Hodge and Sandra Tavares break down what the benchmark price, inventory levels, and days on market are actually telling buyers and sellers in London, Ontario right now.
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MLS® HPI Benchmark Price Leads the Story
The MLS® Home Price Index Benchmark Price is the most reliable measure for comparing London Ontario real estate values month over month — it strips out the swings caused by which specific homes happened to sell, unlike average or median price. According to London and St. Thomas Association of REALTORS® (LSTAR) data for June 2026, here is where benchmark values landed by property type:
Source: London and St. Thomas Association of REALTORS® (LSTAR), MLS® Home Price Index Report, June 2026.
Every property type is softer than a year ago, but the pace of the pullback varies a lot. Townhouses and apartments are absorbing the deepest 12-month declines, while single-family two-storey homes — the segment London's move-up buyers compete hardest for — have held up the best. That spread matters more than the headline composite number for anyone deciding what to buy or sell right now.
Sales Activity & Inventory: A Slower, More Balanced Market
London and St. Thomas (Full Board)
London (City)
Within the city of London specifically, 508 homes sold in June — up 4.3% from a year ago, even as the average price fell to $594,946 (-7.0% year-over-year) and the median price came in at $560,000 (-3.4% year-over-year). Active listings in the city climbed to 2,264, up 7.8% year-over-year, and the median days on market rose to 24, up from 22 a year ago. More buyers transacted, but they did so with more selection and more negotiating room than last June.
Source: London and St. Thomas Association of REALTORS® (LSTAR), MLS® Residential Market Activity Report, June 2026.
With 4.6 months of inventory board-wide, London Ontario's real estate market in June 2026 sits closer to balanced conditions than to the seller-favouring tightness of 2021-2022, when months of inventory sat below one. Rising active listings combined with a softer HPI benchmark price mean buyers currently have more leverage than they've had in several years.
National Context: Bank of Canada & CREA
The Bank of Canada held its target for the overnight rate at 2.25% at its June 2026 announcement, marking the fifth consecutive hold, with the next scheduled decision on July 15, 2026. That stability has kept variable mortgage pricing steady through the spring selling season rather than adding fresh pressure to buyer budgets.
At the national level, the Canadian Real Estate Association (CREA) most recently forecast the average Canadian home price to rise 1.5% in 2026 to $688,955, alongside a modest 1% increase in national sales activity — a more cautious outlook than earlier in the year. London's local price softness stands in contrast to that modest national growth forecast, underscoring how much local supply and demand conditions can diverge from the national headline.
What This Means If You're Buying or Selling in London Ontario
For buyers, June's numbers point to genuine room to negotiate: sale-to-list ratios below 98%, rising days on market, and inventory building across nearly every property type. For sellers, pricing to the current HPI benchmark — not to what a neighbour's home sold for eighteen months ago — is the difference between a home that moves in three weeks and one that sits for three months.
Frequently Asked Questions
Is London Ontario a buyer's or seller's market in June 2026?
With 4.6 months of inventory and a sale-to-list price ratio of 97.8%, London and St. Thomas is trending toward balanced-to-buyer's market conditions, giving buyers more negotiating leverage than in recent years.
What is the MLS® HPI Composite Benchmark Price for London Ontario right now?
The MLS® HPI Composite Benchmark Price for London and St. Thomas was $561,100 in June 2026, down 3.5% from a year earlier, according to LSTAR.
How long are homes taking to sell in London Ontario?
The median days on market across London and St. Thomas was 26 days in June 2026, up from 23 days a year earlier, per LSTAR data.
About Ryan Hodge & Sandra Tavares | London, Ontario Real Estate Brokers
Ryan Hodge is a real estate broker and founder of The Realty Firm Inc., Brokerage in London, Ontario. A RE/MAX Hall of Fame member and Business London 20 Under 40 recipient, Ryan has led a team responsible for over 1,300 homes sold in a single year, overseeing 100+ licensed real estate professionals across Southwestern Ontario. Born and raised in London, Ryan brings unmatched local expertise to every client relationship.
Sandra Tavares is the Broker of Record at The Realty Firm Inc., Brokerage, bringing deep expertise in contracts, negotiations, risk management, and regulatory compliance to every transaction.
Ryan Hodge & Sandra Tavares operate from 734 Wellington Street, London, Ontario, N6A 3S2. Contact: (519) 601-1160 · ryan@therealtyfirm.ca
Have questions about the London Ontario market?
Ryan and Sandra are happy to talk — no pressure, no obligation.
