Source: TRREB MarketWatch, June 2023

9 areas

York Region

June 2023

Headline indicators

All home types

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

$1,391,215

MoM +$13,625 +1.0% YoY +6.4%

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

$1,316,500

MoM +$19,700 +1.5% YoY +7.2%

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

$1,427,800

MoM +$18,500 +1.3% YoY +0.9%

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

1,302

MoM −400 −23.5% YoY +28.8%

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

$1.81B

MoM −$533,296,283 −22.7% YoY +37.0%

New listings — Properties newly listed during the month.

2,864

MoM +17 +0.6% YoY +7.4%

Active listings — Listings available at month end.

2,561

MoM +434 +20.4% YoY −12.7%

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

MoM −1 day −7.1% YoY −23.5%

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

MoM no change YoY −29.6%

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

106%

MoM −1.0 pp −0.9% YoY +7.1%

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

45.5%

MoM −14.3 pp −24.0% YoY +19.9%

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.

2.0

MoM +1 +57.4% YoY −32.2%

Trend

13 months to June 2023

Average price

York Region average selling price over the 13 months ending June 2023.
Month	Average price
Jun '22	1307857
Jul '22	1274911
Aug '22	1265628
Sep '22	1246490
Oct '22	1258610
Nov '22	1309646
Dec '22	1267563
Jan '23	1285583
Feb '23	1302720
Mar '23	1344511
Apr '23	1369724
May '23	1377590
Jun '23	1391215

Sales

York Region sales over the 13 months ending June 2023.
Month	Sales
Jun '22	1011
Jul '22	820
Aug '22	1063
Sep '22	927
Oct '22	854
Nov '22	832
Dec '22	575
Jan '23	544
Feb '23	910
Mar '23	1248
Apr '23	1370
May '23	1702
Jun '23	1302

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	1,302	−400 −23.5% down 400, 23.5% versus May 2023	$1,391,215	+$13,625 +1.0% up $13,625, 1.0% versus May 2023	$1,316,500	45.5%	2.0
Detached	699	−182 −20.7% down 182, 20.7% versus May 2023	$1,739,742	+$9,018 +0.5% up $9,018, 0.5% versus May 2023	$1,610,000	43.4%	2.1
Semi-detached	75	−40 −34.8% down 40, 34.8% versus May 2023	$1,265,972	+$30,513 +2.5% up $30,513, 2.5% versus May 2023	$1,261,000	50.0%	1.3
Att/row/townhouse	180	−85 −32.1% down 85, 32.1% versus May 2023	$1,233,434	−$13,026 −1.0% down $13,026, 1.0% versus May 2023	$1,221,150	44.7%	1.6
Condo townhouse	81	−17 −17.3% down 17, 17.3% versus May 2023	$944,794	−$9,406 −1.0% down $9,406, 1.0% versus May 2023	$885,000	47.9%	1.8
Condo apartment	252	−80 −24.1% down 80, 24.1% versus May 2023	$719,400	+$1,782 +0.2% up $1,782, 0.2% versus May 2023	$683,500	49.7%	2.1
Link	15	+7 +87.5% up 7, 87.5% versus May 2023	$1,366,573	−$24,677 −1.8% down $24,677, 1.8% versus May 2023	$1,375,000	60.0%	1.3

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	386.8	$1,427,800	+0.9% up 0.9%
Single-family detached	409.4	$1,738,800	+1.1% up 1.1%
Single-family attached	418.2	$1,258,700	+1.9% up 1.9%
Townhouse	382.8	$968,800	−2.9% down 2.9%
Apartment	347.5	$721,700	−3.6% down 3.6%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Whitchurch-Stouffville +14.0% up 14.0%
King +12.3% up 12.3%
Richmond Hill +3.6% up 3.6%
East Gwillimbury +2.5% up 2.5%
Markham +1.5% up 1.5%

Bottom 5

Vaughan −4.0% down 4.0%
Newmarket −4.0% down 4.0%
Aurora −1.4% down 1.4%
Georgina +0.6% up 0.6%
Markham +1.5% up 1.5%

Sales, month-over-month

Top 5

Newmarket −14.9% down 14.9%
Aurora −16.7% down 16.7%
Markham −20.1% down 20.1%
Vaughan −21.5% down 21.5%
East Gwillimbury −24.4% down 24.4%

Bottom 5

Georgina −36.4% down 36.4%
Whitchurch-Stouffville −30.0% down 30.0%
Richmond Hill −29.9% down 29.9%
King −27.3% down 27.3%
East Gwillimbury −24.4% down 24.4%

York Region

King focus

King, York Region

$2,312,339

+$252,566 +12.3% up $252,566, 12.3% versus May 2023

Sales: 32
SP/LP: 98%
DOM: 22
SNLR: 38.1%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,550,498

+$54,539 +3.6% up $54,539, 3.6% versus May 2023

Sales: 197
SP/LP: 105%
DOM: 15
SNLR: 35.0%

Full history →

Markham focus

Markham, York Region

$1,437,119

+$21,242 +1.5% up $21,242, 1.5% versus May 2023

Sales: 349
SP/LP: 110%
DOM: 12
SNLR: 52.6%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,436,095

+$176,280 +14.0% up $176,280, 14.0% versus May 2023

Sales: 63
SP/LP: 106%
DOM: 11
SNLR: 42.0%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,422,000

+$34,381 +2.5% up $34,381, 2.5% versus May 2023

Sales: 59
SP/LP: 105%
DOM: 13
SNLR: 45.7%

Full history →

Aurora focus

Aurora, York Region

$1,399,231

−$19,166 −1.4% down $19,166, 1.4% versus May 2023

Sales: 85
SP/LP: 106%
DOM: 12
SNLR: 55.9%

Full history →

Vaughan focus

Vaughan, York Region

$1,307,443

−$54,855 −4.0% down $54,855, 4.0% versus May 2023

Sales: 350
SP/LP: 103%
DOM: 15
SNLR: 48.2%

Full history →

Newmarket focus

Newmarket, York Region

$1,198,118

−$50,048 −4.0% down $50,048, 4.0% versus May 2023

Sales: 97
SP/LP: 107%
DOM: 9
SNLR: 44.9%

Full history →

Georgina focus

Georgina, York Region

$903,359

+$5,582 +0.6% up $5,582, 0.6% versus May 2023

Sales: 70
SP/LP: 102%
DOM: 14
SNLR: 38.9%

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	32	−12 −27.3% down 12, 27.3% versus May 2023	$74.0M	$2,312,339	+$252,566 +12.3% up $252,566, 12.3% versus May 2023	$2,085,500	84	131	98%	22	40	38.1%	4.1
Richmond Hill focus Richmond Hill, York Region	197	−84 −29.9% down 84, 29.9% versus May 2023	$305.4M	$1,550,498	+$54,539 +3.6% up $54,539, 3.6% versus May 2023	$1,420,500	563	512	105%	15	20	35.0%	2.6
Markham focus Markham, York Region	349	−88 −20.1% down 88, 20.1% versus May 2023	$501.6M	$1,437,119	+$21,242 +1.5% up $21,242, 1.5% versus May 2023	$1,425,000	664	521	110%	12	14	52.6%	1.5
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	63	−27 −30.0% down 27, 30.0% versus May 2023	$90.5M	$1,436,095	+$176,280 +14.0% up $176,280, 14.0% versus May 2023	$1,350,000	150	143	106%	11	15	42.0%	2.3
East Gwillimbury focus East Gwillimbury, York Region	59	−19 −24.4% down 19, 24.4% versus May 2023	$83.9M	$1,422,000	+$34,381 +2.5% up $34,381, 2.5% versus May 2023	$1,308,000	129	119	105%	13	20	45.7%	2.0
Aurora focus Aurora, York Region	85	−17 −16.7% down 17, 16.7% versus May 2023	$118.9M	$1,399,231	−$19,166 −1.4% down $19,166, 1.4% versus May 2023	$1,310,000	152	122	106%	12	17	55.9%	1.4
Vaughan focus Vaughan, York Region	350	−96 −21.5% down 96, 21.5% versus May 2023	$457.6M	$1,307,443	−$54,855 −4.0% down $54,855, 4.0% versus May 2023	$1,258,000	726	679	103%	15	23	48.2%	1.9
Newmarket focus Newmarket, York Region	97	−17 −14.9% down 17, 14.9% versus May 2023	$116.2M	$1,198,118	−$50,048 −4.0% down $50,048, 4.0% versus May 2023	$1,150,000	216	161	107%	9	13	44.9%	1.7
Georgina focus Georgina, York Region	70	−40 −36.4% down 40, 36.4% versus May 2023	$63.2M	$903,359	+$5,582 +0.6% up $5,582, 0.6% versus May 2023	$822,500	180	173	102%	14	20	38.9%	2.5