St. Thomas real estate market, explained.

St. Thomas at a glance

Average sale price

$544,865

Down 2.5% from September 2025

Homes sold

41

Down 28.1% from September 2025

New listings

124

Down 0.8% from September 2025

Months of inventory

5.9

3.8 in September 2025

Sales-to-new-listings ratio

33.1%

45.6% in September 2025

Also in September 2026: 242 active listings (up 11.0% from September 2025), and a median of 28 days on market (31 in September 2025).

What kind of market is it?

Two figures help describe the balance between buyers and sellers: the sales-to-new-listings ratio and months of inventory. Neither tells the whole story on its own, so it helps to read them together.

In September 2026, the sales-to-new-listings ratio in St. Thomas was 33.1%, below 45%, the range often described as a buyer’s market. A year earlier it was 45.6%. Months of inventory was 5.9, compared with 3.8 in September 2025.

These are overall figures for St. Thomas. Conditions can be quite different for a particular price range, property type or neighbourhood.

The last three months

Recent months side by side. Three months is a short window: figures move with the seasons and from month to month, so this shows recent movement, not a long-term trend.

Smaller markets can move around more from month to month. When the number of sales is relatively small, just a handful of additional or fewer sales can have a noticeable effect on percentages and averages. That’s one reason it’s useful to look at several measures together rather than relying on a single number.

What the September 2026 figures show

September's figures point to buyer-friendly conditions in St. Thomas. The sales-to-new-listings ratio was 33.1%, down from 57.4% in July and 41.5% in August, while months of inventory increased from 3.2 in July to 4.7 in August and 5.9 in September.

Those two measures are pointing in the same direction. Fewer homes were selling relative to the number coming onto the market, while the amount of inventory available relative to the pace of sales increased. There were also 242 active listings in September, 11.0% more than a year earlier. Together, those figures suggest buyers had considerable choice.

There were 41 home sales in St. Thomas in September, 28.1% fewer than a year earlier.

These are overall figures for St. Thomas for one month. What you see for a particular home can differ with its location, property type, condition and price range, the other homes for sale around it, and your own circumstances.

About these figures

Average sale price

The average sale price of homes that sold during the month. It can change based on the mix of homes that sell and does not represent the value of any particular home.

Homes sold

The number of sales reported for the month.

New listings

Homes newly listed for sale during the month.

Active listings

The number of active, unsold homes listed for sale, as reported for the month.

Months of inventory

Roughly how long it would take to sell all active listings at the month's pace of sales.

Sales-to-new-listings ratio

Homes sold as a percentage of new listings in the same month.

Median days on market

Half of the homes that sold took less time than this, and half took longer.

Source: Canadian MLS® Systems, CREA. Figures from the Royal LePage® Triland Realty, Brokerage Market Snapshot, September 2026. The underlying statistics are from Canadian MLS® Systems, not HomeWiseman.com. Checked against the brokerage snapshot on October 5, 2026.