Home sales in the London area fell 6.6% in April compared to last year, marking the worst start in five years. Total sales through April dropped 7.3% from 2025 and 48.5% from 2021. High inventory, with about five months' supply, has created a buyer's market. The average home price declined nearly $8,500 to $618,000. Economic uncertainty, high unemployment, and rising mortgage rates have dampened buyer activity. Sellers must price homes competitively and present them well to sell.