06/02/2026
The London and St. Thomas Real Estate Board has compiled and released their numbers for May, 2026. May was better than April for the number of transactions and the average and median prices went up. But that's not the entire story. Here is some context...
The London and St. Thomas Real Estate Board has compiled and released their numbers for May, 2026. May was better than April for the number of transactions and the average and median prices went up. But that's not the entire story. Here is some context...
Home Sales:
- 776 transactions
- 9% better than May, 2025
- Still about 30% below historic norms
- 25 houses per day sold, compared to 33 historically
Average Price:
- $662,292; an increase of $44,000 from April; 6% increase in one month!
- May pricing made up most of the steady decline of the last year
Median Price: (Half the sales were priced above and half below)
- $585,000; an increase of $10,000 from April; less than 2%
- 4% below May 2025
Average and Median Disparity:
- 6% average increase compared to 2% median increase suggests more higher priced listings sold in May
Listings:
- As at the end of May there 3,353 active listings; significantly more than historical average; 4% more than May 2025
- There were 1,815 new listings in May; slightly more than April and still in record territory
Sales to List Price Ratio:
- 97.8; houses are selling on average for 2.2% less than the asking price at the time of the sale
- This stat does not take into account previous price reductions on sold listings
Final Comments:
- There is a hint of increase in the volume of transactions, which is to be expected on a seasonal basis
- Average prices spiked, but mostly due to higher priced transactions
- Median prices increased less significantly, but did increase 2% in just 30 days
- Homes are on the market on average for 24 days; this is understated as it doesn't take into account listings that expire or cancelled and relisted properties
- The London real estate market is alive and kicking, with some renewed activity in the upper price levels
- If your home isn't listed, it won't find a buyer
- If you're a buyer, choice remains abundant but prices have started to creep up; whether that trend continues we simply don't know
---------------------------------
A Team London | BLUE Forest Realty Inc., Brokerage
[email protected]
The London and St. Thomas Real Estate Board has compiled and released their numbers for May, 2026. May was better than April for the number of transactions and the average and median prices went up. But that's not the entire story. Here is some context...
The London and St. Thomas Real Estate Board has compiled and released their numbers for May, 2026. May was better than April for the number of transactions and the average and median prices went up. But that's not the entire story. Here is some context...
Home Sales:
- 776 transactions
- 9% better than May, 2025
- Still about 30% below historic norms
- 25 houses per day sold, compared to 33 historically
Average Price:
- $662,292; an increase of $44,000 from April; 6% increase in one month!
- May pricing made up most of the steady decline of the last year
Median Price: (Half the sales were priced above and half below)
- $585,000; an increase of $10,000 from April; less than 2%
- 4% below May 2025
Average and Median Disparity:
- 6% average increase compared to 2% median increase suggests more higher priced listings sold in May
Listings:
- As at the end of May there 3,353 active listings; significantly more than historical average; 4% more than May 2025
- There were 1,815 new listings in May; slightly more than April and still in record territory
Sales to List Price Ratio:
- 97.8; houses are selling on average for 2.2% less than the asking price at the time of the sale
- This stat does not take into account previous price reductions on sold listings
Final Comments:
- There is a hint of increase in the volume of transactions, which is to be expected on a seasonal basis
- Average prices spiked, but mostly due to higher priced transactions
- Median prices increased less significantly, but did increase 2% in just 30 days
- Homes are on the market on average for 24 days; this is understated as it doesn't take into account listings that expire or cancelled and relisted properties
- The London real estate market is alive and kicking, with some renewed activity in the upper price levels
- If your home isn't listed, it won't find a buyer
- If you're a buyer, choice remains abundant but prices have started to creep up; whether that trend continues we simply don't know
---------------------------------
A Team London | BLUE Forest Realty Inc., Brokerage
[email protected]
