The average price of a London home was up last month: LSTAR

An apartment building under construction on Commissioners Road East, London, Feb. 19, 2025 (Bryan Bicknell/CTV News London)

The London St. Thomas Association of Realtors (LSTAR) says home sales were lower last month compared the month prior.

“Inventory continues to remain at a historically high level,” said Robin Tiller, LSTAR’s 2026 Chair. “[Currently there are the] most active listings we have seen in the last ten years. This is another indication of a buyer’s market.”

LSTAR says the average sales price across the region sat at $624,550, which is up over $10,000 from last month, and down 0.6 per cent since January 2025.

“The sales-to-new listings ratio dropped substantially in January, to 32.2,” said Tiller. “That is noticeably lower than December’s ratio of 71.6. This would indicate conditions of a buyers’ market... but aligns with expected numbers for a typical January market.”

According to LSTAR, 341 homes exchanged hands in January.

That’s down from just under 400 in December and down ten per cent from a year ago.