Source: TRREB MarketWatch, January 2023

9 areas

York Region

January 2023

Headline indicators

All home types

Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.

$1,285,583

MoM +$18,020 +1.4% YoY −15.4%

Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.

$1,182,000

MoM +$49,000 +4.3% YoY −18.0%

MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.

$1,306,400

MoM −$10,700 −0.8% YoY −10.2%

Sales — Firm transactions reported through the MLS® System during the month.

544

MoM −31 −5.4% YoY −40.9%

Dollar volume — Total value of all sales in the month.

$699.4M

MoM −$29,491,507 −4.0% YoY −50.0%

New listings — Properties newly listed during the month.

1,343

MoM +600 +80.8% YoY −8.3%

Active listings — Listings available at month end.

1,602

MoM +135 +9.2% YoY +86.1%

Avg. LDOM — Average days on market for the current listing. Not reported before 2020.

MoM +1 day +4.0% YoY +100.0%

Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.

MoM no change YoY +117.6%

Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.

100%

MoM no change YoY −10.7%

SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.

40.5%

MoM −36.9 pp −47.7% YoY −35.5%

Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.

2.9

MoM +0 +15.4% YoY +214.7%

Trend

13 months to January 2023

Average price

York Region average selling price over the 13 months ending January 2023.
Month	Average price
Jan '22	1519583
Feb '22	1587603
Mar '22	1515897
Apr '22	1426650
May '22	1369657
Jun '22	1307857
Jul '22	1274911
Aug '22	1265628
Sep '22	1246490
Oct '22	1258610
Nov '22	1309646
Dec '22	1267563
Jan '23	1285583

Sales

York Region sales over the 13 months ending January 2023.
Month	Sales
Jan '22	920
Feb '22	1661
Mar '22	1921
Apr '22	1230
May '22	1100
Jun '22	1011
Jul '22	820
Aug '22	1063
Sep '22	927
Oct '22	854
Nov '22	832
Dec '22	575
Jan '23	544

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	544	−31 −5.4% down 31, 5.4% versus December 2022	$1,285,583	+$18,020 +1.4% up $18,020, 1.4% versus December 2022	$1,182,000	40.5%	2.9
Detached	294	+5 +1.7% up 5, 1.7% versus December 2022	$1,628,297	−$16,384 −1.0% down $16,384, 1.0% versus December 2022	$1,500,000	39.0%	3.1
Semi-detached	37	no change no change versus December 2022	$1,085,651	+$45,422 +4.4% up $45,422, 4.4% versus December 2022	$1,080,000	68.5%	1.1
Att/row/townhouse	68	−9 −11.7% down 9, 11.7% versus December 2022	$1,099,955	+$5,176 +0.5% up $5,176, 0.5% versus December 2022	$1,091,500	46.6%	2.1
Condo townhouse	28	−10 −26.3% down 10, 26.3% versus December 2022	$856,279	−$88,015 −9.3% down $88,015, 9.3% versus December 2022	$847,663	42.4%	3.0
Condo apartment	111	−14 −11.2% down 14, 11.2% versus December 2022	$668,464	−$6,636 −1.0% down $6,636, 1.0% versus December 2022	$640,000	36.3%	3.8
Link	5	−3 −37.5% down 3, 37.5% versus December 2022	$1,249,376	+$68,026 +5.8% up $68,026, 5.8% versus December 2022	$1,273,880	35.7%	1.6
Detached condo	1	no change no change versus December 2022	$1,250,000	+$222,000 +21.6% up $222,000, 21.6% versus December 2022	$1,250,000	100.0%	1.0

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	355.5	$1,306,400	−10.2% down 10.2%
Single-family detached	360	$1,585,600	−11.5% down 11.5%
Single-family attached	379	$1,143,100	−9.3% down 9.3%
Townhouse	343.4	$877,800	−9.4% down 9.4%
Apartment	319.8	$673,500	−6.3% down 6.3%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Aurora +20.9% up 20.9%
Newmarket +11.5% up 11.5%
Whitchurch-Stouffville +9.7% up 9.7%
East Gwillimbury +3.2% up 3.2%
Markham +0.2% up 0.2%

Bottom 5

Georgina −13.5% down 13.5%
Richmond Hill −1.2% down 1.2%
Vaughan −1.0% down 1.0%
Markham +0.2% up 0.2%
East Gwillimbury +3.2% up 3.2%

Sales, month-over-month

Top 5

Georgina +13.8% up 13.8%
Richmond Hill +9.9% up 9.9%
Whitchurch-Stouffville no change no change
Vaughan −3.6% down 3.6%
Aurora −5.9% down 5.9%

Bottom 5

East Gwillimbury −40.7% down 40.7%
Newmarket −22.0% down 22.0%
Markham −9.9% down 9.9%
Aurora −5.9% down 5.9%
Vaughan −3.6% down 3.6%

York Region

King focus

King, York Region

$2,035,000

+$3,833 +0.2% up $3,833, 0.2% versus December 2022

Sales: 9
SP/LP: 96%
DOM: 44
SNLR: 21.4%

Full history →

Aurora focus

Aurora, York Region

$1,498,266

+$258,757 +20.9% up $258,757, 20.9% versus December 2022

Sales: 32
SP/LP: 96%
DOM: 22
SNLR: 44.4%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,395,875

+$42,838 +3.2% up $42,838, 3.2% versus December 2022

Sales: 16
SP/LP: 95%
DOM: 26
SNLR: 31.4%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,345,880

+$119,024 +9.7% up $119,024, 9.7% versus December 2022

Sales: 25
SP/LP: 100%
DOM: 41
SNLR: 40.3%

Full history →

Vaughan focus

Vaughan, York Region

$1,328,746

−$13,034 −1.0% down $13,034, 1.0% versus December 2022

Sales: 133
SP/LP: 97%
DOM: 29
SNLR: 34.8%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,299,748

−$15,339 −1.2% down $15,339, 1.2% versus December 2022

Sales: 111
SP/LP: 102%
DOM: 24
SNLR: 41.4%

Full history →

Markham focus

Markham, York Region

$1,265,937

+$2,442 +0.2% up $2,442, 0.2% versus December 2022

Sales: 146
SP/LP: 104%
DOM: 24
SNLR: 50.3%

Full history →

Newmarket focus

Newmarket, York Region

$1,169,702

+$120,659 +11.5% up $120,659, 11.5% versus December 2022

Sales: 39
SP/LP: 99%
DOM: 18
SNLR: 39.4%

Full history →

Georgina focus

Georgina, York Region

$778,076

−$121,717 −13.5% down $121,717, 13.5% versus December 2022

Sales: 33
SP/LP: 97%
DOM: 37
SNLR: 42.9%

Full history →

All York Region areas

Home type

9 areas

Area	Sales	MoM	$ volume	Average	MoM	Median	New	Active	SP/LP	LDOM	PDOM	SNLR	MOI
King focus King, York Region	9	no change no change versus December 2022	$18.3M	$2,035,000	+$3,833 +0.2% up $3,833, 0.2% versus December 2022	$1,315,000	42	87	96%	44	61	21.4%	9.7
Aurora focus Aurora, York Region	32	−2 −5.9% down 2, 5.9% versus December 2022	$47.9M	$1,498,266	+$258,757 +20.9% up $258,757, 20.9% versus December 2022	$1,304,500	72	83	96%	22	29	44.4%	2.6
East Gwillimbury focus East Gwillimbury, York Region	16	−11 −40.7% down 11, 40.7% versus December 2022	$22.3M	$1,395,875	+$42,838 +3.2% up $42,838, 3.2% versus December 2022	$1,384,000	51	66	95%	26	28	31.4%	4.1
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	25	no change no change versus December 2022	$33.6M	$1,345,880	+$119,024 +9.7% up $119,024, 9.7% versus December 2022	$1,390,000	62	89	100%	41	56	40.3%	3.6
Vaughan focus Vaughan, York Region	133	−5 −3.6% down 5, 3.6% versus December 2022	$176.7M	$1,328,746	−$13,034 −1.0% down $13,034, 1.0% versus December 2022	$1,195,000	382	476	97%	29	39	34.8%	3.6
Richmond Hill focus Richmond Hill, York Region	111	+10 +9.9% up 10, 9.9% versus December 2022	$144.3M	$1,299,748	−$15,339 −1.2% down $15,339, 1.2% versus December 2022	$1,150,000	268	289	102%	24	38	41.4%	2.6
Markham focus Markham, York Region	146	−16 −9.9% down 16, 9.9% versus December 2022	$184.8M	$1,265,937	+$2,442 +0.2% up $2,442, 0.2% versus December 2022	$1,253,000	290	309	104%	24	33	50.3%	2.1
Newmarket focus Newmarket, York Region	39	−11 −22.0% down 11, 22.0% versus December 2022	$45.6M	$1,169,702	+$120,659 +11.5% up $120,659, 11.5% versus December 2022	$1,095,500	99	103	99%	18	29	39.4%	2.6
Georgina focus Georgina, York Region	33	+4 +13.8% up 4, 13.8% versus December 2022	$25.7M	$778,076	−$121,717 −13.5% down $121,717, 13.5% versus December 2022	$700,000	77	100	97%	37	48	42.9%	3.0