London South, Ontario Real Estate Market Report
Middlesex, Ontario, Canada · Market data as of
Balanced MarketLondon South is currently a balanced market with 5.4 months of inventory. Neither side has a significant edge, so pricing and preparation matter more than timing.
Most market reports are old by the time you read them. Boards publish monthly, usually two weeks after the month closes. Every figure on this page is calculated daily from live MLS data, so you're seeing today's market, not last month's summary.
Based on 1,895 sales and 958active listings · Data refreshes every morning
BWhat This Means for Buyers
London South is a balanced market with 5.4 months of inventory. Neither buyers nor sellers have a significant edge.
Homes are averaging 39 days on market. That's enough time to evaluate, but don't wait for steep discounts.
Focus on finding the right property at a fair price rather than trying to time the market.
SWhat This Means for Sellers
In this balanced market, pricing accurately is the most important factor for London South sellers.
Homes are selling at 97% of list price, and well-priced homes sell close to asking.
13% of homes sold above asking, so there's still competitive activity for the right properties.
Filters apply to statistics and charts below. Other sections show all property types.
Prices have been trending downward over the past 12 months. Here's how that breaks down across price ranges and time.
How fast are homes selling?
Average days on market over time. Lower numbers mean homes are selling faster.
| Period | Avg Days on Market |
|---|---|
| 2025-07 | 31 days |
| 2025-08 | 35 days |
| 2025-09 | 37 days |
| 2025-10 | 42 days |
| 2025-11 | 32 days |
| 2025-12 | 58 days |
| 2026-01 | 46 days |
| 2026-02 | 40 days |
| 2026-03 | 39 days |
| 2026-04 | 35 days |
| 2026-05 | 35 days |
| 2026-06 | 38 days |
| 2026-07 | 34 days |
How does this month compare?
Month-over-month and year-over-year changes in key metrics.
| Metric | Current | Last Month | MoM | Same Month Last Year | YoY |
|---|---|---|---|---|---|
| Median Price | $545K | $563K | -3.2% | $625K | -12.8% |
| Sales Count | 121 | 218 | -44.5% | 35 | +245.7% |
| Avg DOM | 34 | 38 | -10.5% | 31 | +9.7% |
What's selling?
Breakdown of sales by property type over the past 12 months.
| Property Type | Count | Share |
|---|---|---|
| Residential Freehold | 671 | 70% |
| Residential Condo & Other | 277 | 29% |
| Single Family | 10 | 1% |
Just Listed
Just Sold
Want a Detailed Analysis?
Contact Jeff Chisholm for a personalized market analysis of London South and surrounding areas.
Jeff Chisholm, Sales Representative
Chisholm Real Estate Team
Direct Realty Ltd., Brokerage
Frequently Asked Questions
What is the average home price in London South, Ontario?
Is London South a buyer's or seller's market?
How long do homes take to sell in London South?
What is the months of inventory in London South?
How much do homes sell above or below asking in London South?
What are the real estate market trends in London South, Ontario?
Current Mortgage Rates in Ontario
1 year fixed
2.50%
Bank of Canada Posted Rate
3 year fixed
5.19%
Bank of Canada Posted Rate
5 year fixed
6.09%
Bank of Canada Posted Rate
Prime (variable)
2.65%
Posted rates from Bank of Canada · Updated July 21, 2026
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How We Calculate These Statistics
Data source: Statistics are calculated from MLS listing data provided under license from the Canadian Real Estate Association (CREA) and participating real estate boards.
Months of Inventory (MOI):Active listings divided by the monthly sales rate for the selected period (1, 3, 6, or 12 months). Under 4 months generally indicates a seller's market; over 6 months indicates a buyer's market.
SP/LP Ratio: Sale Price to List Price ratio calculated as the median of (sale price / list price) across all sold properties with valid pricing data.
Home Price Index (HPI):CREA's aggregate composite benchmark index tracking price changes for a typical home, adjusted for property mix differences over time.
Update frequency: Data refreshes every 30 minutes via Incremental Static Regeneration (ISR). Daily snapshot metrics update once per day.
Coverage: Includes all residential property types listed on the MLS for London South and surrounding areas.
Jeff Chisholm, Sales Representative
Chisholm Real Estate Team at Direct Realty Ltd., Brokerage
Premium real estate tools and market intelligence powered by REintel
Data provided by REintel. Statistics are aggregated from MLS data under license. Reproduction or redistribution of this data is prohibited without written consent. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association (CREA).
REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.