LSTAR's Statistical News Releases are available here, dating back to 2012. To access LSTAR's Market Activity Reports (Stats Packs) back to 2007, go to our Stats Archive page (PropTx login required).
In February, 410 homes changed hands via LSTAR's MLS® System. Although down 18.7% compared to the same month a year ago, the home sales jumped up from January, which saw 341 homes sold.
The CMHC has released its latest new home starts data for January 2026, providing valuable insight into residential construction activity across the London CMA. In January, 377 new home starts were recorded in the London CMA, 63% above the median number of January starts recorded over the past decade. Additionally, starts mostly consisted of apartments in East London.
The Canada Mortgage and Housing Corporation has released its 2026 Housing Market Outlook for all of Canada, including specific information for the London and St. Thomas region.
LSTAR's MLS® system saw 341 homes change hands in January, down 10.3% compared to the same month a year ago. The average sale price was $624,550 which represents an increase of over $10,000 from December and is down just 0.6% from January of 2025.
In December, 398 homes exchanged hands via LSTAR's MLS® System, up 0.8% compared to the same month a year ago, marking the best December since 2021. Overall, 6,938 homes were sold in 2025, down 5.0% from 2024. Average sales price posted an increase from the previous month as well, at $614,104 in December, but down 3.4% compared to the same time in 2024.
In November, 492 homes exchanged hands via LSTAR's MLS® System, down 19.2% compared to the same month a year ago, but up 15.5% from November 2023. Average sales price remained virtually unchanged from the previous month at $604,994 in November, down 5.6% compared to the same time a year ago.
October had some encouraging signs with 607 homes exchanging hands via LSTAR's MLS® System, an increase from the previous month, which saw 534 homes sold in September. Although it was down 8.7% from October 2024, the sales are up 25.4% compared to the same month in 2023. Average sales price also continued to slightly edge down.
In September, 1,701 new listings were recorded via LSTAR's MLS® System, up 13.7% compared to the same month a year ago. With listings outpacing the number of sales, the sales-to-new listings ratio also eased to 31.4% compared to 45.7% in August, indicating a buyers’ market. There were 534 sales in September, down 6.0% from the same time a year ago, but on par with sales activity seen in the last four years.
LSTAR CEO Bill Madder and 2025 LSTAR Chair Dale Marsh talk about August statistical highlights and the local market, along with LSTAR's upcoming Board of Directors election, volunteering on an LSTAR committee, and more.
In August, 616 homes exchanged hands via LSTAR's MLS® System, up 10.4% compared to the same month a year ago. Similar to July, August posted its strongest sales month since 2021. August recorded the highest inventory level in the last 10 years, with five months of inventory, while the sales-to-new listing ratio of 45.7% indicates a balanced market, according to CREA.
We would like to acknowledge the Indigenous Peoples in whose traditional territory we work and live: the Anishinabek; the Haudenosaunee; and the Lunaapeew. The three distinct First Nations communities within the Middlesex-London area are: Chippewas of the Thames First Nation; Oneida Nation of the Thames; and Munsee-Delaware Nation. We acknowledge the many longstanding treaty relationships between Indigenous Nations and Canada – including the London Township Purchase of 1796 between the Anishinabek and the Crown. This territory is now home to many First Nations, Metis, and Inuit peoples.
Each of us must honour these relationships, and we all have a responsibility to reconcile.
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