London & St. Thomas Association of REALTORS®

Market Conditions


Single Detached

Months of inventory for single detached homes numbered 4.4 at the end of the second quarter of 2026, up slightly from the 4.1 months recorded at the end of the second quarter of 2025.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a more balanced market, homes spent more time on the market in the second quarter of 2026 than they had a year earlier.

The median number of days on market for sold single detached homes was 21 in the second quarter of 2026, up slightly from 20 days in the second quarter of 2025.


Townhouse

Months of inventory for townhouse and row units numbered 4.8 at the end of the second quarter of 2026, up slightly from the 4.4 months recorded at the end of the second quarter of 2025.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a more balanced market, townhouse and row units spent more time on the market in the second quarter of 2026 than they had a year earlier.

The median number of days on market for sold townhouse and row units was 39 in the second quarter of 2026, up from 27 days in the second quarter of 2025.



Apartment Units

Months of inventory for apartment units numbered 5.8 at the end of the second quarter of 2026, down from the 6.6 months recorded at the end of the second quarter of 2025.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Despite a tighter market, apartment units spent more time on the market in the second quarter of 2026 than they had a year earlier.

The median number of days on market for sold apartment units was 34.5 in the second quarter of 2026, up from 28 days in the second quarter of 2025.



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