London & St. Thomas Housing Market Overview
The London and St. Thomas real estate market remains active and balanced, with local home sales reflecting broader Ontario trends. Recent CREA data shows monthly MLS® sales activity remains steady, with buyers and sellers navigating a market shaped by continued economic uncertainty and shifting inventory levels. Sales figures were slightly below year-ago levels, but activity remains comparable with long-term seasonal patterns in our region. Inventory has edged higher, offering more choice for buyers after historically tight conditions. Average home prices have held relatively firm, with small year-over-year changes, suggesting that demand in London and surrounding communities continues to support stable pricing. CREA uses both MLS® average sale prices and the MLS® Home Price Index (HPI) to provide the most accurate and trend-focused picture of local home values over time. This data helps buyers, sellers, and investors make informed decisions in a market where timing, pricing and local expertise matter.
Source: CREA/LSTAR MLS® home sales and benchmarking data. stats.crea.ca+1
Key Trends in London Real Estate
- Sales Activity: Local MLS® transactions remain in line with multi-year averages, reflecting steady demand despite macroeconomic headwinds. stats.crea.ca
- Inventory Levels: Months of inventory have increased, providing more choice for buyers and indicating a shift toward more balanced market conditions. stats.crea.ca
- Price Stability: Average and median home prices have remained relatively stable, with only modest year-over-year changes across property types. CREA Stats
- Price by Home Type: Detached homes, townhouses, and apartment units continue to show distinct pricing trends, with median values reflecting the diversity of demand across property categories. CREA Stats
This local data from CREA’s MLS® system gives the most up-to-date snapshot of housing market conditions in London and St. Thomas, helping local buyers and sellers understand trends in activity, pricing, and market balance