This is a summary of the monthly release from the London and St. Thomas Association of REALTORS® (LSTAR) for September 2026, published October 1, 2026. We explain the numbers and add context. All figures come from LSTAR unless noted.
September 2026 at a glance
| Measure | September 2026 |
|---|---|
| Sales | 561 (August: 526) |
| Change vs September 2025 | +5.3% |
| Composite benchmark price | $552,500 |
| Single-family benchmark | $600,700 |
| Average sale price | $611,509 (August: $590,550) |
| London South average | $608,872 |
| London North average | $704,858 |
| Sales-to-new-listings ratio | 34.7% |
| Months of inventory | 5.9 |
LSTAR’s chair, Robin Tiller, said the market continued to show signs of a buyers’ market.
Reading the numbers
Sales rose from August and from a year ago. More sales than last September suggests buyers are active, even though the market gives them room to choose.
The benchmark price is steady to slightly lower. The composite benchmark was down 0.2% from August and 1.5% below June. The benchmark tracks a typical home, so it moves more smoothly than the average.
The average price is higher than the benchmark. The average rose from $590,550 in August to $611,509. Averages depend on which homes happened to sell, so use them cautiously. It is not the value of any particular home.
Inventory: 5.9 months. This is the time it would take to sell all current listings at the current rate of sales. August’s 6.3 months was described by LSTAR as a new peak. Because the figure is lower in September, supply relative to sales eased, though it is still well above what most people would call a tight market. LSTAR’s data does not tell us active listing counts or days on market, so we do not quote them.
Area benchmarks (August 2026)
LSTAR’s August release gave benchmark prices by area. These are August figures:
- St. Thomas: $499,700
- Middlesex Centre: $757,300
- Strathroy-Caradoc: $717,800
- Central Elgin: $629,500
- London North: $616,900
- London South: $552,600
- London East: $431,900
Benchmarks vary by property mix and location. Our community pages for London and St. Thomas give more local background.
The longer view
For 2025 overall, LSTAR reported 6,938 sales, down 5.0% from 8,088 in 2024. In December 2025 the composite benchmark was $552,800 and the single-family benchmark was $610,700, with 5.4 months of inventory. So September 2026’s composite benchmark of $552,500 is close to where the year ended in 2025.
What this means for you
Buyers: you have choice and time. Compare several homes, get pre-approved, and ask your agent for the recent sales behind any price. Our buyer guide covers costs such as land transfer tax.
Sellers: price with care and present the home well, because buyers are comparing. See what adds value when selling and request a home valuation.
For a longer discussion of both sides, read buying or selling in London’s 2026 market.
A caution about market reports
A monthly report describes the whole market. Your street, price range and property type can behave differently. For decisions about a specific home, talk to an agent who can pull recent comparable sales. We are glad to do that for you.
Common questions
How many homes sold in London in September 2026?
LSTAR reported 561 sales in September 2026, up from 526 in August and up 5.3% from September 2025.
What is the composite benchmark price?
$552,500 in September 2026, down 0.2% from August and 1.5% lower than June. The single-family benchmark was $600,700 (LSTAR).
How much inventory is there?
LSTAR reported 5.9 months of inventory in September 2026, down from 6.3 months in August, which it described as a new peak.
Keep exploring
- London real estate guideHomes, local anchors and what to ask before you buy or sell in London.
- St. Thomas real estate guideHomes, local anchors and what to ask before you buy or sell in St. Thomas.
- Free home valuationFind out what your home is worth, with no obligation.
Sources
- London and St. Thomas Association of REALTORS®: Housing sales pick september
- London and St. Thomas Association of REALTORS®: Housing inventory hits new high august
- London and St. Thomas Association of REALTORS®: Encouraging marketplace activity december
Figures and rules were checked against these sources on the date this post was published or last updated.
Not advice. This post is general information only. It is not legal, tax, mortgage or investment advice. Rules and figures change, so confirm the details for your own situation with a qualified professional before acting.
Market data. Any prices quoted are general information for the period stated. They are not an appraisal or an opinion of value for any specific property.
