Thursday, August 13, 2026 / by Shiela Balanay
Ontario MLS® Market Shows Continued Activity as July Sales Stay Above Average
Provincial Overview: Ontario Real Estate
Residential sales activity reported through the MLS® Systems of real estate boards in Ontario totalled 95,887 units over the first seven months of the year, representing a 1.9% decrease compared to the same period in 2025. Despite the modest year-over-year decline, July saw above-average home sales, showing that buyers and sellers continue to remain active in the Ontario housing market.
The year-to-date average home price was $819,570, down 3.2% from the first seven months of last year. With prices remaining below 2025 levels and sales activity continuing, buyers may find more opportunities as they navigate the current market.
Spotlight On: London, ON
This Year (Year-to-Date)
- Declining Sales Activity: Year-to-date transactions reached 4,182 units, down 2.9% compared to the same period in 2025.
- Accumulating Active Inventory: Average active listings expanded to 2,968 units, marking a 7.9% increase year-over-year.
- Balanced Market Supply: Year-to-date supply held firm at 5.0 months of inventory with a median 27 days on market, providing buyers with strong negotiating power.
- Softening Average Values: Persistent inventory growth applied downward pressure on prices, pulling the YTD average price down 3.5% to $623,992.
Last Month (July, 2026)
- Moderate Monthly Demand: July recorded 686 home sales, representing a 4.9% year-over-year decrease that remains consistent with multi-year mid-summer trends.
- Reduced Listing Intake: Sellers added 1,543 new listings in July, down 5.1% compared to July 2025.
- Increased Buyer Negotiation: Sellers received an average of 97.1% of list price as homes spent a median of 30 days on market.
- Property Segment Divergence: Townhouse sales surged 19.8% YoY despite a price drop to $470,003, single-family prices eased 6.3% to $649,459, and condo inventory surged into buyer's market territory at 6.7 months.
London, ON Statistics: https://tinyurl.com/ywfye68e
