Spring is doing what spring does in London, Ontario — bringing more buyers out, more homes to market, and a little more confidence back into the numbers. May 2026 was a solid month for London real estate. Sales climbed, prices firmed up from April, and the overall picture looks like a market that has found a healthier rhythm after a year of adjustment. Here is a full breakdown of what happened — and what it means if you are thinking about buying or selling this summer.
London Ontario Real Estate Market: May 2026 Snapshot
| Metric | May 2026 | Month-Over-Month | Year-Over-Year |
|---|---|---|---|
| Average Sale Price | $638,813 | +5.9% | -1.2% |
| Median Sale Price | $580,000 | +3.6% | -3.6% |
| Sales (Transaction Volume) | 543 | +26.0% | +11.3% |
| New Listings | 1,296 | +5.9% | -7.8% |
| Average Days on Market | 33 days | -7.5% | +17.3% |
| Median SP/LP Ratio | 97.7% | +0.1% | -0.3% |
| % Sold Above List | 19.2% | — | — |
| % Sold Below List | 74.2% | — | — |
| Total Dollar Volume | $346,875,205 | +33.5% | +9.9% |
Source: The Habistat Analytics Platform in partnership with PropTx. Data covers all residential property types across London East, London North, and London South (Middlesex). Generated June 16, 2026. Subject to change.
How Many Homes Sold in London Ontario in May 2026?
543 homes sold in London in May 2026 — up 11.3% compared to May 2025 (488 sales) and up 26.0% from April 2026 (431 sales). That month-over-month jump is the clearest signal yet that London's spring market has arrived. It was the strongest single month of 2026 so far.
Year-to-date, London sits at 1,931 sales — essentially flat versus the same period last year (1,948 sales, down just 0.9%). The market is not roaring ahead, but it is holding steady and May moved things in the right direction.
What Is the Average Home Price in London Ontario Right Now?
The average home price in London Ontario in May 2026 was $638,813 — up 5.9% from April and down 1.2% from May 2025. The median sale price was $580,000 — up 3.6% month-over-month and down 3.6% year-over-year.
Prices are running modestly below last May's levels, which were elevated coming off a stronger spring in 2025. But the month-over-month trend is positive — prices climbed through the spring of 2026, which is exactly the seasonal pattern a healthy market produces. The year-to-date average price sits at $617,284, compared to $642,754 at this point last year — a 4.0% gap that is narrowing.
Where Are Homes Selling in London? Active Listings by Price Range
The most active price range in London right now is the $500,000 to $599,999 band, with 410 active listings — the deepest pool of available inventory in the city. Currently there are 2,272 active listings with a median list price of $625,000.
| Price Range | Active Listings |
|---|---|
| Under $300,000 | 149 |
| $300,000 – $399,999 | 228 |
| $400,000 – $499,999 | 285 |
| $500,000 – $599,999 | 410 — most active range |
| $600,000 – $699,999 | 321 |
| $700,000 – $799,999 | 243 |
| $800,000 – $999,999 | 322 |
| $1,000,000 and above | 314 |
Entry-level inventory under $300,000 remains very limited. The bulk of the market operates between $400,000 and $800,000. For a neighbourhood-by-neighbourhood breakdown of where to find value, see our London Ontario affordability guide.
Total Dollar Volume
May 2026 recorded $346,875,205 in total residential sales volume — up 33.5% from April and up 9.9% from May 2025. Year-to-date dollar volume sits at just under $1.2 billion ($1,191,976,262), running about 4.8% behind last year's pace. But May's numbers were the strongest of 2026 so far, and the trajectory is improving month over month.
How Many Homes Are Listed in London Ontario?
1,296 new listings came to market in May — up 5.9% from April, though down 7.8% compared to May 2025. Year-to-date, new listings sit at 5,058 versus 5,030 at this point last year — up just 0.6%. Supply is not flooding in, but it is steady, keeping the market from tilting sharply in either direction.
How Long Are Homes Taking to Sell?
Average days on market in May 2026: 33 days — down from 36 in April, up from 28 in May 2025. Median days on market: 22 days — flat month-over-month, up from 19 in May 2025. Active (unsold) listings sit at a median of 34 days — that gap between sold (22 days) and active (34 days) tells the story: well-priced homes move, overpriced homes sit.
Are Homes Selling Above or Below Asking Price?
74.2% of London homes sold below asking price in May 2026. 19.2% sold above asking. 6.6% sold at list price. The average SP/LP ratio was 97.8% — a slight improvement from April (97.6%) but down from May 2025 (98.3%). Multiple offers still happen on well-priced, turnkey homes, but most buyers have real negotiating room in this market.
Terminations: A Positive Signal
405 listings were terminated in May — down 7.1% from April and down 16.1% from May 2025. Fewer sellers pulling their listings suggests more realistic pricing is coming to market and seller confidence is improving. The downward trend here is a healthy one.
What Does This Mean for Buyers in London Ontario?
May 2026 was a strong month to be a buyer in London. Inventory is solid, homes are taking longer to sell, and the sale-to-list ratio gives negotiating room in most situations. Well-priced homes in desirable neighbourhoods like Oakridge, Byron, and Lambeth are still moving — being pre-approved and ready to act when the right home appears remains the right strategy. Read our first-time buyer guide for a full walkthrough.
What Does This Mean for Sellers in London Ontario?
The spring window is open — May proved buyers are out there and willing to transact. But with 74% of homes selling below asking and days on market up year-over-year, overpricing is not a strategy, it is a delay. Sellers who price accurately and present well are still achieving strong results. Start with a complimentary home evaluation to know exactly where your home stands. See our June 2026 update for the latest numbers.
Frequently Asked Questions
What is the average home price in London Ontario in 2026?
The average sale price in London Ontario in May 2026 was $638,813. The year-to-date average through May is $617,284, compared to $642,754 at the same point last year — a 4.0% gap that is narrowing as spring momentum builds.
Is London Ontario a buyer's or seller's market right now?
London Ontario is currently in balanced-to-buyer-leaning market conditions. With 74.2% of homes selling below list price and homes taking longer to sell than a year ago (median 22 days versus 19 in May 2025), buyers have real negotiating power in most situations. Well-priced homes in strong locations still attract competition.
How many homes are for sale in London Ontario right now?
As of late May/early June 2026, there are 2,272 active residential listings in London Ontario, with a median list price of $625,000 and an average list price of $722,034. The most active price range is $500,000–$599,999 with 410 active listings.
How long does it take to sell a home in London Ontario?
The median days on market for sold homes in May 2026 was 22 days. Active (unsold) listings are sitting at a median of 34 days — that gap tells you everything: well-priced homes move in three weeks, overpriced homes sit for over a month. The year-to-date median is 24 days, up from 20 days last year.
Is now a good time to buy a home in London Ontario?
Conditions in May 2026 favour buyers more than they have in several years. Inventory is solid at 2,272 active listings, prices are stable, the Bank of Canada rate has held at 2.25% since late 2025, and 74% of homes are selling below asking. Buyers who have been waiting for the right window have a real opportunity right now.
Is now a good time to sell a home in London Ontario?
Selling in London in 2026 requires a strategic approach. Homes priced accurately and presented well are achieving close to asking price and selling within 22 days (median). The spring market has been active — 543 sales in May was the strongest month of 2026. Pricing competitively from day one is essential.
Sources & Data
Justin Skrypnyk
Real Estate Broker | Sutton Group Chapman Realty Inc., Brokerage | Oakridge, London Ontario
Justin Skrypnyk is a Real Estate Broker serving Oakridge and West London. He writes regularly about the London Ontario market to help buyers and sellers make well-informed decisions.