Thursday, July 9, 2026 / by Shiela Balanay
Ontario MLS® Home Sales Continue to Build Momentum in June
Provincial Overview: Ontario Real Estate
Residential sales recorded through Ontario's MLS® Systems reached 79,675 homes during the first half of the year. While this represents a modest 1.9% decline compared to the same period in 2025, the market has continued to show encouraging signs of stability and gradual improvement.
The year-to-date average home price stood at $824,118, reflecting a 3.2% decrease from the first six months of 2025. Despite the year-over-year dip, the market continues to adjust as buyers and sellers navigate evolving housing conditions.
Spotlight On: London, ON
This Year (Year-to-Date)
- Slower YTD Demand: Overall year-to-date sales activity sits at 3,498 transactions, representing a 2.4% decline compared to the same period in 2025.
- Building Inventory: Active listings have averaged 2,893 units YTD, which is an 8.4% climb compared to last year's average pace.
- Comfortable Supply: The long-term year-to-date market holds 5.0 months of inventory, giving buyers ample choice and contributing to a YTD median of 26 days on market.
- Softening Annual Values: Persistent inventory has exerted gentle downward pressure on annual prices, bringing the YTD average sale price down 2.9% to $628,061.
Last Month (June, 2026)
- Steady Sales Performance: Defying the broader YTD slowdown, June transactions ticked up 1.6% year-over-year to 753 units sold, remaining right on par with the past four Junes.
- Unchanged New Supply: Sellers maintained a steady pace as new listings saw a minimal 0.3% increase to 1,810 units compared to June 2025.
- Balanced Market Conditions: The Sales-to-New-Listings Ratio tightened slightly to 41.6% (compared to 42.8% in May), keeping the market squarely in stable, buyer-friendly territory with 4.6 months of total inventory.
- Noticeable Price Fluctuation: The mix of monthly sales pulled the average sale price down 6.7% year-over-year to $606,614, while the more stable MLS® HPI Composite Benchmark Price held firmer at $561,100.
London, ON Statistics: https://tinyurl.com/ywfye68e
