Source: TRREB MarketWatch, August 2023

9 areas

York Region

August 2023

Headline indicators

All home types

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

$1,339,742

MoM −$17,235 −1.3% YoY +5.9%

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

$1,250,000

MoM +$10,000 +0.8% YoY +6.8%

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

$1,396,300

MoM −$23,200 −1.6% YoY +5.3%

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

921

MoM +2 +0.2% YoY −13.4%

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

$1.23B

MoM −$13,158,976 −1.1% YoY −8.3%

New listings — Properties newly listed during the month.

2,142

MoM −230 −9.7% YoY +20.0%

Active listings — Listings available at month end.

2,778

MoM +28 +1.0% YoY +20.0%

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

MoM +4 days +25.0% YoY −13.0%

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

MoM +5 days +22.7% YoY −25.0%

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

101%

MoM −1.0 pp −1.0% YoY +3.1%

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

43.0%

MoM +4.3 pp +11.0% YoY −27.8%

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 +0 +0.8% YoY +38.5%

Trend

13 months to August 2023

Average price

York Region average selling price over the 13 months ending August 2023.
Month	Average price
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
Aug '23	1339742

Sales

York Region sales over the 13 months ending August 2023.
Month	Sales
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
Aug '23	921

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	921	+2 +0.2% up 2, 0.2% versus July 2023	$1,339,742	−$17,235 −1.3% down $17,235, 1.3% versus July 2023	$1,250,000	43.0%	3.0
Detached	492	+1 +0.2% up 1, 0.2% versus July 2023	$1,684,898	−$2,456 −0.1% down $2,456, 0.1% versus July 2023	$1,560,000	43.9%	3.2
Semi-detached	58	no change no change versus July 2023	$1,208,574	+$12,715 +1.1% up $12,715, 1.1% versus July 2023	$1,240,500	48.7%	1.7
Att/row/townhouse	125	−9 −6.7% down 9, 6.7% versus July 2023	$1,170,932	−$7,129 −0.6% down $7,129, 0.6% versus July 2023	$1,175,000	39.6%	2.6
Condo townhouse	57	+12 +26.7% up 12, 26.7% versus July 2023	$907,527	−$24,924 −2.7% down $24,924, 2.7% versus July 2023	$875,000	44.2%	2.8
Condo apartment	183	+2 +1.1% up 2, 1.1% versus July 2023	$703,935	−$49,731 −6.6% down $49,731, 6.6% versus July 2023	$665,000	41.6%	3.2
Link	6	−4 −40.0% down 4, 40.0% versus July 2023	$1,320,000	+$22,321 +1.7% up $22,321, 1.7% versus July 2023	$1,325,000	37.5%	3.3

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	378.3	$1,396,300	+5.3% up 5.3%
Single-family detached	401.2	$1,703,800	+6.2% up 6.2%
Single-family attached	408.6	$1,229,900	+5.9% up 5.9%
Townhouse	377.5	$955,500	+4.0% up 4.0%
Apartment	341	$708,300	−0.8% down 0.8%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Aurora +12.7% up 12.7%
King +9.9% up 9.9%
Richmond Hill +5.1% up 5.1%
Georgina +4.0% up 4.0%
Newmarket +1.0% up 1.0%

Bottom 5

Whitchurch-Stouffville −13.6% down 13.6%
Markham −6.3% down 6.3%
Vaughan −2.8% down 2.8%
East Gwillimbury −2.1% down 2.1%
Newmarket +1.0% up 1.0%

Sales, month-over-month

Top 5

King +33.3% up 33.3%
Georgina +32.6% up 32.6%
Whitchurch-Stouffville +4.3% up 4.3%
Aurora +3.0% up 3.0%
Markham +0.8% up 0.8%

Bottom 5

East Gwillimbury −11.1% down 11.1%
Vaughan −5.0% down 5.0%
Richmond Hill −4.2% down 4.2%
Newmarket no change no change
Markham +0.8% up 0.8%

York Region

King focus

King, York Region

$2,118,950

+$191,617 +9.9% up $191,617, 9.9% versus July 2023

Sales: 20
SP/LP: 93%
DOM: 23
SNLR: 33.3%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,494,985

+$71,917 +5.1% up $71,917, 5.1% versus July 2023

Sales: 161
SP/LP: 101%
DOM: 23
SNLR: 40.8%

Full history →

Aurora focus

Aurora, York Region

$1,462,134

+$165,007 +12.7% up $165,007, 12.7% versus July 2023

Sales: 68
SP/LP: 101%
DOM: 15
SNLR: 56.2%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,370,878

−$30,085 −2.1% down $30,085, 2.1% versus July 2023

Sales: 32
SP/LP: 98%
DOM: 22
SNLR: 40.5%

Full history →

Vaughan focus

Vaughan, York Region

$1,327,034

−$38,828 −2.8% down $38,828, 2.8% versus July 2023

Sales: 228
SP/LP: 100%
DOM: 20
SNLR: 36.3%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,303,665

−$204,537 −13.6% down $204,537, 13.6% versus July 2023

Sales: 49
SP/LP: 101%
DOM: 23
SNLR: 45.0%

Full history →

Markham focus

Markham, York Region

$1,282,019

−$86,759 −6.3% down $86,759, 6.3% versus July 2023

Sales: 243
SP/LP: 103%
DOM: 17
SNLR: 51.4%

Full history →

Newmarket focus

Newmarket, York Region

$1,226,946

+$11,712 +1.0% up $11,712, 1.0% versus July 2023

Sales: 63
SP/LP: 101%
DOM: 19
SNLR: 42.3%

Full history →

Georgina focus

Georgina, York Region

$916,953

+$35,476 +4.0% up $35,476, 4.0% versus July 2023

Sales: 57
SP/LP: 96%
DOM: 27
SNLR: 44.9%

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	20	+5 +33.3% up 5, 33.3% versus July 2023	$42.4M	$2,118,950	+$191,617 +9.9% up $191,617, 9.9% versus July 2023	$1,812,500	60	137	93%	23	46	33.3%	6.8
Richmond Hill focus Richmond Hill, York Region	161	−7 −4.2% down 7, 4.2% versus July 2023	$240.7M	$1,494,985	+$71,917 +5.1% up $71,917, 5.1% versus July 2023	$1,360,000	395	546	101%	23	33	40.8%	3.4
Aurora focus Aurora, York Region	68	+2 +3.0% up 2, 3.0% versus July 2023	$99.4M	$1,462,134	+$165,007 +12.7% up $165,007, 12.7% versus July 2023	$1,375,000	121	131	101%	15	19	56.2%	1.9
East Gwillimbury focus East Gwillimbury, York Region	32	−4 −11.1% down 4, 11.1% versus July 2023	$43.9M	$1,370,878	−$30,085 −2.1% down $30,085, 2.1% versus July 2023	$1,342,500	79	121	98%	22	27	40.5%	3.8
Vaughan focus Vaughan, York Region	228	−12 −5.0% down 12, 5.0% versus July 2023	$302.6M	$1,327,034	−$38,828 −2.8% down $38,828, 2.8% versus July 2023	$1,250,000	629	786	100%	20	27	36.3%	3.5
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	49	+2 +4.3% up 2, 4.3% versus July 2023	$63.9M	$1,303,665	−$204,537 −13.6% down $204,537, 13.6% versus July 2023	$1,250,000	109	159	101%	23	28	45.0%	3.2
Markham focus Markham, York Region	243	+2 +0.8% up 2, 0.8% versus July 2023	$311.5M	$1,282,019	−$86,759 −6.3% down $86,759, 6.3% versus July 2023	$1,240,000	473	519	103%	17	22	51.4%	2.1
Newmarket focus Newmarket, York Region	63	no change no change versus July 2023	$77.3M	$1,226,946	+$11,712 +1.0% up $11,712, 1.0% versus July 2023	$1,180,000	149	187	101%	19	26	42.3%	3.0
Georgina focus Georgina, York Region	57	+14 +32.6% up 14, 32.6% versus July 2023	$52.3M	$916,953	+$35,476 +4.0% up $35,476, 4.0% versus July 2023	$832,900	127	192	96%	27	39	44.9%	3.4