Source: TRREB MarketWatch, July 2023

9 areas

York Region

July 2023

Headline indicators

All home types

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

$1,356,977

MoM −$34,238 −2.5% YoY +6.4%

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

$1,240,000

MoM −$76,500 −5.8% YoY +6.1%

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

$1,419,500

MoM −$8,300 −0.6% YoY +4.3%

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

919

MoM −383 −29.4% YoY +12.1%

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

$1.25B

MoM −$564,300,024 −31.2% YoY +19.3%

New listings — Properties newly listed during the month.

2,372

MoM −492 −17.2% YoY +17.3%

Active listings — Listings available at month end.

2,750

MoM +189 +7.4% YoY −0.9%

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

MoM +3 days +23.1% YoY −20.0%

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

MoM +3 days +15.8% YoY −29.0%

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

102%

MoM −4.0 pp −3.8% YoY +4.1%

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

38.7%

MoM −6.7 pp −14.8% YoY −4.5%

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.

3.0

MoM +1 +52.1% YoY −11.5%

Trend

13 months to July 2023

Average price

York Region average selling price over the 13 months ending July 2023.
Month	Average price
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
Jul '23	1356977

Sales

York Region sales over the 13 months ending July 2023.
Month	Sales
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
Jul '23	919

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	919	−383 −29.4% down 383, 29.4% versus June 2023	$1,356,977	−$34,238 −2.5% down $34,238, 2.5% versus June 2023	$1,240,000	38.7%	3.0
Detached	491	−208 −29.8% down 208, 29.8% versus June 2023	$1,687,354	−$52,388 −3.0% down $52,388, 3.0% versus June 2023	$1,555,000	36.9%	3.3
Semi-detached	58	−17 −22.7% down 17, 22.7% versus June 2023	$1,195,859	−$70,113 −5.5% down $70,113, 5.5% versus June 2023	$1,197,450	49.6%	1.7
Att/row/townhouse	134	−46 −25.6% down 46, 25.6% versus June 2023	$1,178,061	−$55,373 −4.5% down $55,373, 4.5% versus June 2023	$1,170,850	43.6%	2.2
Condo townhouse	45	−36 −44.4% down 36, 44.4% versus June 2023	$932,451	−$12,343 −1.3% down $12,343, 1.3% versus June 2023	$900,000	42.5%	3.4
Condo apartment	181	−71 −28.2% down 71, 28.2% versus June 2023	$753,666	+$34,266 +4.8% up $34,266, 4.8% versus June 2023	$713,000	37.6%	3.1
Link	10	−5 −33.3% down 5, 33.3% versus June 2023	$1,297,679	−$68,894 −5.0% down $68,894, 5.0% versus June 2023	$1,305,000	34.5%	1.6

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	384.6	$1,419,500	+4.3% up 4.3%
Single-family detached	407.2	$1,729,200	+5.0% up 5.0%
Single-family attached	413.8	$1,245,600	+4.6% up 4.6%
Townhouse	384.3	$972,700	+1.1% up 1.1%
Apartment	350.4	$727,700	−0.8% down 0.8%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Whitchurch-Stouffville +5.0% up 5.0%
Vaughan +4.5% up 4.5%
Newmarket +1.4% up 1.4%
East Gwillimbury −1.5% down 1.5%
Georgina −2.4% down 2.4%

Bottom 5

King −16.7% down 16.7%
Richmond Hill −8.2% down 8.2%
Aurora −7.3% down 7.3%
Markham −4.8% down 4.8%
Georgina −2.4% down 2.4%

Sales, month-over-month

Top 5

Richmond Hill −14.7% down 14.7%
Aurora −22.4% down 22.4%
Whitchurch-Stouffville −25.4% down 25.4%
Markham −30.9% down 30.9%
Vaughan −31.4% down 31.4%

Bottom 5

King −53.1% down 53.1%
East Gwillimbury −39.0% down 39.0%
Georgina −38.6% down 38.6%
Newmarket −35.1% down 35.1%
Vaughan −31.4% down 31.4%

York Region

King focus

King, York Region

$1,927,333

−$385,006 −16.7% down $385,006, 16.7% versus June 2023

Sales: 15
SP/LP: 98%
DOM: 20
SNLR: 19.5%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,508,202

+$72,107 +5.0% up $72,107, 5.0% versus June 2023

Sales: 47
SP/LP: 98%
DOM: 19
SNLR: 36.1%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,423,068

−$127,430 −8.2% down $127,430, 8.2% versus June 2023

Sales: 168
SP/LP: 103%
DOM: 16
SNLR: 39.7%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,400,963

−$21,037 −1.5% down $21,037, 1.5% versus June 2023

Sales: 36
SP/LP: 101%
DOM: 22
SNLR: 36.7%

Full history →

Markham focus

Markham, York Region

$1,368,778

−$68,341 −4.8% down $68,341, 4.8% versus June 2023

Sales: 241
SP/LP: 104%
DOM: 15
SNLR: 43.7%

Full history →

Vaughan focus

Vaughan, York Region

$1,365,862

+$58,419 +4.5% up $58,419, 4.5% versus June 2023

Sales: 240
SP/LP: 100%
DOM: 18
SNLR: 37.4%

Full history →

Aurora focus

Aurora, York Region

$1,297,127

−$102,104 −7.3% down $102,104, 7.3% versus June 2023

Sales: 66
SP/LP: 102%
DOM: 14
SNLR: 50.8%

Full history →

Newmarket focus

Newmarket, York Region

$1,215,234

+$17,116 +1.4% up $17,116, 1.4% versus June 2023

Sales: 63
SP/LP: 103%
DOM: 14
SNLR: 34.6%

Full history →

Georgina focus

Georgina, York Region

$881,477

−$21,882 −2.4% down $21,882, 2.4% versus June 2023

Sales: 43
SP/LP: 99%
DOM: 19
SNLR: 30.9%

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	15	−17 −53.1% down 17, 53.1% versus June 2023	$28.9M	$1,927,333	−$385,006 −16.7% down $385,006, 16.7% versus June 2023	$1,900,000	77	142	98%	20	24	19.5%	9.5
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	47	−16 −25.4% down 16, 25.4% versus June 2023	$70.9M	$1,508,202	+$72,107 +5.0% up $72,107, 5.0% versus June 2023	$1,201,000	130	169	98%	19	24	36.1%	3.6
Richmond Hill focus Richmond Hill, York Region	168	−29 −14.7% down 29, 14.7% versus June 2023	$239.1M	$1,423,068	−$127,430 −8.2% down $127,430, 8.2% versus June 2023	$1,260,500	423	528	103%	16	21	39.7%	3.1
East Gwillimbury focus East Gwillimbury, York Region	36	−23 −39.0% down 23, 39.0% versus June 2023	$50.4M	$1,400,963	−$21,037 −1.5% down $21,037, 1.5% versus June 2023	$1,260,000	98	117	101%	22	25	36.7%	3.3
Markham focus Markham, York Region	241	−108 −30.9% down 108, 30.9% versus June 2023	$329.9M	$1,368,778	−$68,341 −4.8% down $68,341, 4.8% versus June 2023	$1,300,000	551	546	104%	15	20	43.7%	2.3
Vaughan focus Vaughan, York Region	240	−110 −31.4% down 110, 31.4% versus June 2023	$327.8M	$1,365,862	+$58,419 +4.5% up $58,419, 4.5% versus June 2023	$1,277,500	642	740	100%	18	26	37.4%	3.1
Aurora focus Aurora, York Region	66	−19 −22.4% down 19, 22.4% versus June 2023	$85.6M	$1,297,127	−$102,104 −7.3% down $102,104, 7.3% versus June 2023	$1,224,250	130	136	102%	14	19	50.8%	2.1
Newmarket focus Newmarket, York Region	63	−34 −35.1% down 34, 35.1% versus June 2023	$76.6M	$1,215,234	+$17,116 +1.4% up $17,116, 1.4% versus June 2023	$1,130,000	182	174	103%	14	19	34.6%	2.8
Georgina focus Georgina, York Region	43	−27 −38.6% down 27, 38.6% versus June 2023	$37.9M	$881,477	−$21,882 −2.4% down $21,882, 2.4% versus June 2023	$835,000	139	198	99%	19	30	30.9%	4.6