Most home sellers in London, Ontario don't lose money because of the market. They lose it because of a pricing decision they didn't realize they were making on day one. Price behind the market and you sit, wait, and chase the market down. Price ahead of it and you scare away the buyers who would have paid the most. Price at the market — with strategy, not guesswork — and you create the conditions for competition, urgency, and the strongest possible offer. According to LSTAR data, London homes are currently selling at 97.4% of asking in a median of 26 days. That window is real, and it opens once. Ty Lacroix, Broker at The Envelope Real Estate Group, has spent 24 years helping London sellers get the pricing decision right before the sign goes up — because getting it wrong is the most expensive mistake in the process.

Most home sellers don't lose money because of the market. They lose it because of a decision they didn't even realize they were making.

Here it is: pricing your home wrong from day one.

Behind the Market

Price behind the market — hoping buyers will "make an offer anyway" — and you'll sit, you'll wait, and you'll end up chasing the market down.

What that means for you: price reductions don't attract serious buyers. They attract bargain hunters who assume something is wrong with the home and open with low offers to test how desperate you are. Every week a home sits on the market costs you in carrying costs, in negotiating leverage, and in the quiet signal the market sends to every buyer who notices the days-on-market counter climbing. In London's current market, homes that don't move in the first 21 days are already losing ground.

Ahead of the Market

Price ahead of the market — trying to capture every last dollar — and you scare away the motivated, qualified buyers who would have paid the most.

What that means for you: the buyers who can genuinely afford your home know the market. They've seen the comparables. They arrive at your listing with a number in mind, and if yours is significantly above it, they don't negotiate down — they move on to the next listing. Your first 10 to 21 days on the market are your highest-traffic window. Spending them overpriced means losing the best buyers at the moment they're most engaged.

At the Market

Price at the market — with strategy, not guesswork — and you create competition. Competition creates urgency. Urgency produces the strongest offers.

What that means for you: a well-priced home in London right now sells in a median of 26 days at 97.4% of asking, according to current LSTAR data. On a $633,844 average London home, that's a net of approximately $617,565 — achieved cleanly, quickly, and without the carrying costs and leverage erosion of a prolonged listing. Strategic pricing isn't settling. It's understanding that the right price at the right moment produces a better outcome than an optimistic price held too long.

The One Chance You Get

Every home gets one chance to make the right first impression on the market. The first days of a listing are when buyer interest is highest, when agents are most motivated to show it, and when your negotiating position is strongest. Get the pricing right in that window, and everything that follows is easier. Get it wrong, and you spend the rest of the listing trying to recover ground you didn't need to lose.

If you're thinking about selling in London in the next six to twelve months, the pricing conversation is the one to have first — before the sign goes up, not after you've already committed to a number.

Ready to map out a pricing strategy for your home? Reach out for a private conversation — I'll show you exactly where your home sits in today's market and what it takes to sell it well. No pressure, no pitch.

Because not all realtors approach this the same way.

Out of eight homes shown to buyers over one weekend in London, Ontario, seven didn't receive an offer. One did. The difference wasn't luck — it was price, presentation, and whether the seller and their agent understood what today's buyer actually responds to. This is a true account of that weekend, with the names and addresses removed, because the lessons matter more than the details. Ty Lacroix, Broker at The Envelope Real Estate Group, has 24 years of stories like this one — and they all point to the same conclusion.

This is a true story about why some homes in London, Ontario aren't selling. Out of eight properties shown over two days, seven didn't get an offer. One did. Not great odds — and not an accident.

I was showing a couple looking for a detached bungalow in London, between $650,000 and $850,000. We saw eight homes on a Saturday and returned Sunday for the two that held their interest.

I'm not including addresses or names here — to protect the guilty, the innocent, and the unaware.

Before the showings, I spent Thursday and part of Friday researching the ten homes on the list: selling history, days on market, price reductions or increases, and the sales history of comparable homes in each neighbourhood over the prior six months — what sold, what didn't, and what was pulled off the market. All ten homes were in desirable London neighbourhoods. Two listing agents didn't respond to my showing requests. I suppose they were busy.

Here's what we found.

House 1. Pleasing curb appeal. A few lights didn't work, a handful of minor touch-ups were needed, but the home was genuinely move-in ready. Priced correctly for the neighbourhood and condition.

House 2. Decent curb appeal, but the home was untidy — understandable, there were clearly young children — and the backyard matched. Overpriced by $50,000 to $75,000, with no natural flow through the home.

House 3. Decent curb appeal and a nice backyard. Price reduced twice, 76 days on market — and still overpriced.

House 4. The key didn't work. I called the listing agent; her spouse came to let us in and explained the lock was frozen, except the second deadbolt simply hadn't been unlocked and no key had been left for it. The home was a flip — the renovation was well done, but it overlooked what buyers actually want: a primary bedroom with a walk-in closet and an ensuite. Instead, it had been split into a two-plus-one layout with three small bedrooms upstairs and a fourth below grade. Priced $50,000 to $75,000 above what the layout could support. Good lipstick. Still a pig.

House 5. A genuine disaster — I'm being kind. Easily $100,000 in needed work. 81 days on market, reduced three times, now handled by its second listing agent.

House 6. We arrived fifteen minutes early. I knocked; whoever answered wasn't pleasant and told us to come back. We did — in the snow, at minus 8 Celsius. The home needed significant updates, had been listed for over six months, and we were given grief for showing up at our confirmed time. Buyers, apparently, are an inconvenience.

House 7. Only nine years old, excellent curb appeal, vacant — which made it hard for buyers to picture their own furniture in the space. A handful of touch-ups remained undone, as if whoever cleared the home out had been in a hurry. Priced slightly above the buyers' $850,000 ceiling. The marketing brochure featured glamorous photos of the listing team and very little information about the actual home. Buyers want to know about the property. Nobody's shopping for the agent's headshot.

House 8. Great curb appeal, but the interior was dark. The homeowner was present, a little uncertain about why we were there but pleasant, and stayed in the living room while we worked our way through the home, turning on lights and opening curtains ourselves. A large water-stain patch on the basement ceiling suggested a kitchen leak at some point. Still a contender, on price, style, and location.

What Happened Next

We saw all eight homes between 10:30 and 4:30 that Saturday. My clients had flown in from the United States the day before and were exhausted by the end of it — but asked to return Sunday for one more look at houses one and eight.

We revisited house eight first. The homeowner was there again, unaware we had a confirmed appointment — a very pleasant woman, but my clients felt uncomfortable being watched a second time while they tried to evaluate the home honestly. They asked the obvious question: why hadn't the listing agent been there to turn on the lights, open the blinds, and explain the water stain and whether the leak had actually been fixed?

We saw house one around noon. I called the listing agent about the age of the roof and furnace; she responded immediately. I'd brought a light bulb with me to test the fixtures that hadn't worked the day before — sure enough, burnt-out bulbs, not an electrical problem. We wrote an offer that afternoon. My clients flew home. On Monday, the offer was accepted without conditions, and everyone involved was glad it was done.

What This Actually Tells You

I understand sellers want the most money possible for their home. But the honest truth is that price determines whether your home sells, how quickly, and for how much. During the frenzied years, you could put a sign on the lawn and field twenty offers without trying. That market is gone. A sign on the lawn today guarantees nothing.

I also understand that sellers sometimes need a specific number to clear debt or fund what comes next. That's real pressure — but it has no bearing on what a reasonable buyer is willing to pay, and the market doesn't negotiate with your debt schedule. Supply, demand, and condition set the price. Hope doesn't.

Real estate agents fall into two categories: transactional or genuinely invested in your outcome. It's in every seller's interest to know which one they've hired — because the difference shows up exactly as it did across these eight homes: whether the lights work, whether the agent answers the phone, and whether anyone bothered to show up.

Now you know why some homes in London take longer to sell than others. It's rarely the house. It's almost always what happened — or didn't happen — before the buyer ever walked through the door.

Don't let your home be one of the seven. Reach out for a private conversation about what it takes to be the one that sells — no pressure, no pitch.

For the complete selling framework: How Selling Your Home Actually Works in London Ontario