London, Ontario Real Estate Market Update: Fall 2026 Outlook

London's housing market is heading into fall 2026 with more room to breathe than buyers have had in years. I'm Gloria Roman, a REALTOR® with Century 21, First Canadian, and I track the London and St. Thomas Association of REALTORS® (LSTAR) numbers every month so my clients across London, Ontario and Middlesex County always know where they actually stand. The short version: inventory is high, prices have leveled off, and both sides finally have some breathing room to make a smart move instead of a rushed one.

Key Takeaways

• LSTAR reported 686 home sales in July 2026, down 4.9% from July 2025 but on par with typical activity over the past four years.
• The average sale price across the LSTAR region was $603,006 in July 2026, essentially flat compared to $606,614 in June.
• Active listings sat at 3,367 across the region in July, giving buyers 4.9 months of inventory to shop.
• The sales-to-new-listings ratio was 44.5% in July, just below the 45–65% range CREA considers a balanced market.
• The Bank of Canada held its policy rate at 2.25% through the summer, giving buyers more certainty to plan around.

Where London's Housing Market Stands This Fall

London's market has settled into a rhythm this year that I'd describe as steady rather than sluggish. According to LSTAR's July 2026 report, 686 homes changed hands across the region, a dip of 4.9% from the same month last year but right in line with what we've seen over the past four years. That's not a red flag — it's a market finding its footing after a few volatile years.

Average sale price across the LSTAR region came in at $603,006 in July, basically unchanged from June's $606,614. I'm not seeing the sharp swings that used to make pricing a moving target. That stability is good news whether you're listing your home in London or trying to lock in a budget as a buyer.

LSTAR's 2026 Chair, Robin Tiller, pointed to the Bank of Canada holding its policy rate at 2.25% since the previous October as a stabilizing factor: “The marketplace is starting to see a little more certainty around interest rates… with historically high inventory, it's setting the stage for a busier fall market.”

What High Inventory Means for London Ontario Buyers

If you've been waiting for a market that doesn't feel like a bidding war, this is it. LSTAR counted 3,367 active listings across the region in July, translating to 4.9 months of inventory. That's a meaningfully buyer-friendlier position than the tight, multiple-offer conditions London saw a few years back.

In my day-to-day work with buyers across London, Byron, Masonville, and out into Middlesex County, this extra inventory is changing how people shop. Buyers have time to view a home twice, bring an inspector, and negotiate on price or closing terms rather than waiving conditions to compete. If you're a first-time buyer who's been priced out or outbid in past seasons, fall 2026 is worth a serious look.

What a Balanced Market Means for London Ontario Sellers

The sales-to-new-listings ratio — a key gauge of how much competition sellers face — sat at 44.5% in July, up from 41.6% in June. CREA defines a “balanced” market as a ratio between 45% and 65%, so London is sitting just under that threshold, leaning slightly toward buyers but not by a wide margin.

That doesn't mean sellers are out of luck this fall. It means pricing accurately from day one matters more than ever. In a market with this much inventory, homes priced realistically for their neighbourhood and condition are still moving; overpriced listings are the ones sitting. I always walk my sellers through a comparable-sales review before we set a list price, because in this market, the first two weeks of exposure are your best shot at top dollar.

Fall Market Momentum: What to Watch in London Ontario

Historically, fall is one of the busier stretches in the London real estate calendar, as families settle in after summer and buyers who sat out July and August come back into the market with clearer budgets. With rate stability and elevated inventory both working in buyers' favour right now, I expect activity to pick up through September and October — which is exactly why sellers who list early in the season tend to see the most qualified traffic.

Whether you're watching London specifically or comparing it to nearby Middlesex County communities like Ilderton, Komoka, or Dorchester, the same theme holds across the wider region this fall: more choice for buyers, and a real premium on pricing strategy for sellers.

FAQ: London Ontario Real Estate Market Fall 2026

Is now a good time to buy a home in London, Ontario?
With 4.9 months of inventory and prices holding steady, fall 2026 offers buyers more selection and negotiating room than the past few years. It's a reasonable time to buy if you're financially ready, though timing should always reflect your personal situation.

Are home prices dropping in London, Ontario?
Prices have leveled off rather than dropped sharply. LSTAR reported an average sale price of $603,006 in July 2026, essentially flat month-over-month.

How much inventory is available in London right now?
LSTAR reported 3,367 active listings across the region in July 2026, representing 4.9 months of supply.

Is London Ontario currently a buyer's or seller's market?
The July 2026 sales-to-new-listings ratio of 44.5% falls just below CREA's balanced-market range of 45–65%, putting London in a slightly buyer-favouring position.

Should I sell my London home this fall?
Fall is historically an active season in London, and current conditions reward well-priced listings. Contact me for a comparable-sales review specific to your neighbourhood before you list.

Ready to Make Your Move in London This Fall?

Whether you're buying your first home, upsizing, or getting ready to list, understanding exactly where the London market stands makes all the difference. I'd love to walk you through what these numbers mean for your specific street, price range, or timeline. Call me, Gloria Roman, at (647) 883-7135, or schedule a free consultation to get started.