April 2026 LSTAR Statistics

In April, 638 homes changed hands via the Multiple Listing Service® (MLS®) of the London and St. Thomas Association of REALTORS® (LSTAR). Although down 6.6% compared to April 2025, that was an increase of 52 more units sold over the previous month.

“Inventory remains at a historically high level, with five months of inventory recorded in April” said Robin Tiller, LSTAR’s 2026 Chair. “There are plenty of options for prospective buyers, and this is reflected in the sales-to-new listings ratio, which was 36%. According to the Canadian Real Estate Association (CREA), a sales-to-new listings ratio below 45% indicates signs of a buyers’ market.”

Average sales price was $618,665 in April, down from the previous month, which was $627,112. Noticeable month over month gains in average sales price happened in St. Thomas, with average price at $584,110, up from $562,191 the previous month, as well as Strathroy-Caradoc, coming in at $656,869, up from $590,848 in March.

“The Bank of Canada held its key interest rate for the fourth consecutive time since December 2025,” Tiller said.  “Whether you’re a first-time home buyer or looking to downsize, your local REALTOR® can help you navigate through the evolving marketplace.”   

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

Area | HPI Benchmark Price | April 2026 Average Price

Central Elgin | $662,900 | $701,591

London East | $443,200 | $450,793

London North | $629,100 | $714,889

London South | $565,200 | $626,840

Middlesex Centre | $776,100 | $849,725

St. Thomas | $525,300 | $584,110

Strathroy-Caradoc | $736,500 | $656,869

 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:      Home Sales Remain Steady in April | London St. Thomas Association of REALTORS 

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