September 2026 LSTAR Statistics

 "The average sales price saw a jump to $611,509, from $590,550 recorded in August,” said Robin Tiller, LSTAR’s 2026 Chair. “Notably, London South and London North experienced the biggest gains in average sales price, month over month. In London South, the September average sales price was $608,872, up from the August average sales price of $567,783. In London North, the September average sales price was $704,858, up from the previous month, which was $668,345.”

The September sales-to-new listings ratio was 34.7%, down from August, which came in at 37.5%. According to the Canadian Real Estate Association (CREA), a ratio between 45% and 65% indicates conditions of a balanced market.

“The marketplace continued to show signs of a buyers’ market,” Tiller said. “With interest rates holding steady and 5.9 months of inventory, it may be an opportune time for those looking to enter the market. Your local REALTOR® is the best resource to help you navigate through the marketplace with real-time data and professional expertise.”

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

Area | HPI Benchmark Price | September 2026 Average Price

Central Elgin | $623,100 | $748,264

London East | $432,300 | $456,814

London North | $613,000 | $704,858

London South | $550,400 | $608,872

Middlesex Centre | $756,300 | $850,213

St. Thomas | $496,800 | $544,865

Strathroy-Caradoc | $729,500 | $669,705

LSTAR | $552,500 | $611,509

 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/housing-sales-pick-up-in-september

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