July 2026 LSTAR Statistics

“The marketplace is starting to see a little more certainty around interest rates, with the Bank of Canada maintaining its policy rate at 2.25% last month, which has remained the same since last October,” said Robin Tiller, LSTAR’s 2026 Chair. “With historically high inventory, it’s setting the stage for a busier fall market. July saw 4.9 months of inventory, with 3,367 active listings across the LSTAR region.”

The July sales-to-new listings ratio was 44.5%, up from June which came in at 41.6%.

“According to the Canadian Real Estate Association (CREA), a ratio between 45% and 65% indicates conditions of a balanced market,” Tiller said. “Average sales price was $603,006, on par with June, which was $606,614.”  

 The table below displays July’s average prices and MLS® HPI Benchmark Prices in LSTAR's main regions. 

Area | HPI Benchmark Price | May 2026 Average Price

Central Elgin | $640,200 | $645,374

London East | $430,000 | $456,416

London North | $621,000 | $701,759

London South | $556,300 | $607,101

Middlesex Centre | $775,700 | $844,452

St. Thomas | $506,500 | $500,819

Strathroy-Caradoc | $726,700 | $548,041

LSTAR | $557,000 | $603,006

 The HPI benchmark price reflects the value of a “typical home” as assigned by buyers in a certain area based on various housing attributes, while the average sales price is calculated by adding all the sale prices for homes sold and dividing that total by the number of homes sold. The HPI benchmark price is helpful to gauge trends over time since averages may fluctuate by changes in the mix of sales activity from one month to the next. 

For more information:        https://lstar.ca/articles/july-home-sales-show-signs-of-a-balanced-market

Information provide from: LONDON AND ST. THOMAS ASSOCIATION OF REALTORS®