09/04/2026
August Stats are In!
In August, 526 homes changed hands via the Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® (LSTAR), and inventory reached a new peak, with 6.3 months of inventory recorded.
“Historically, we have seen slower sales activity in the summer, but the August numbers are on par with activity over the past four years,” said Robin Tiller, LSTAR’s 2026 Chair. “The August sales-to-new listings ratio was 37.5%, down from July, which came in at 44.5%. According to the Canadian Real Estate Association (CREA), a ratio between 45% and 65% indicates conditions of a balanced market. The activity in August showed signs of a buyers’ market.”
This was evident with average sales price, which was $590,550. This represents the average price across all LSTAR regions. Notably, two areas showed increases in average sales price, month over month. In London East, the August average sales price was $489,735, up from the July average sales price of $456,416. In St. Thomas, the August average sales price was $557,485, up from the previous month, which was $500,819.
“We know that housing affordability will be one of the top issues in the 2026 municipal elections,” Tiller said. “Brand new research from the Ontario Real Estate Association (OREA) finds people across the province want candidates to prioritize solving the housing affordability crisis. The research also showed support for policies that speed up the delivery of new housing, including streamlining development approvals and making more housing options available, which ultimately impact affordability.”
