Source: TRREB MarketWatch, September 2023

9 areas

York Region

September 2023

Headline indicators

All home types

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

$1,330,636

MoM −$9,106 −0.7% YoY +6.8%

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

$1,230,000

MoM −$20,000 −1.6% YoY +5.6%

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

$1,379,400

MoM −$16,900 −1.2% YoY +5.8%

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

795

MoM −126 −13.7% YoY −14.2%

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

$1.06B

MoM −$176,047,312 −14.3% YoY −8.5%

New listings — Properties newly listed during the month.

2,826

MoM +684 +31.9% YoY +52.9%

Active listings — Listings available at month end.

3,373

MoM +595 +21.4% YoY +46.1%

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

MoM +1 day +5.0% YoY −8.7%

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

MoM +4 days +14.8% YoY −11.4%

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

101%

MoM no change YoY +3.1%

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

28.1%

MoM −14.9 pp −34.6% YoY −43.9%

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.

4.2

MoM +1 +40.7% YoY +70.3%

Trend

13 months to September 2023

Average price

York Region average selling price over the 13 months ending September 2023.
Month	Average price
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
Sep '23	1330636

Sales

York Region sales over the 13 months ending September 2023.
Month	Sales
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
Sep '23	795

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	795	−126 −13.7% down 126, 13.7% versus August 2023	$1,330,636	−$9,106 −0.7% down $9,106, 0.7% versus August 2023	$1,230,000	28.1%	4.2
Detached	418	−74 −15.0% down 74, 15.0% versus August 2023	$1,664,703	−$20,195 −1.2% down $20,195, 1.2% versus August 2023	$1,535,000	26.7%	4.6
Semi-detached	47	−11 −19.0% down 11, 19.0% versus August 2023	$1,151,900	−$56,674 −4.7% down $56,674, 4.7% versus August 2023	$1,160,000	31.5%	3.0
Att/row/townhouse	115	−10 −8.0% down 10, 8.0% versus August 2023	$1,204,367	+$33,435 +2.9% up $33,435, 2.9% versus August 2023	$1,205,000	31.4%	3.3
Condo townhouse	42	−15 −26.3% down 15, 26.3% versus August 2023	$934,955	+$27,428 +3.0% up $27,428, 3.0% versus August 2023	$852,500	28.6%	4.5
Condo apartment	163	−20 −10.9% down 20, 10.9% versus August 2023	$717,103	+$13,168 +1.9% up $13,168, 1.9% versus August 2023	$690,000	28.4%	4.4
Link	10	+4 +66.7% up 4, 66.7% versus August 2023	$1,321,200	+$1,200 +0.1% up $1,200, 0.1% versus August 2023	$1,300,000	40.0%	2.0

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	373.7	$1,379,400	+5.8% up 5.8%
Single-family detached	396.4	$1,683,700	+6.5% up 6.5%
Single-family attached	404.3	$1,216,800	+6.7% up 6.7%
Townhouse	376.1	$951,900	+7.1% up 7.1%
Apartment	337.1	$700,100	−0.1% down 0.1%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Whitchurch-Stouffville +13.5% up 13.5%
Markham +3.5% up 3.5%
King −3.1% down 3.1%
Vaughan −3.4% down 3.4%
Georgina −4.0% down 4.0%

Bottom 5

Aurora −12.6% down 12.6%
Newmarket −12.0% down 12.0%
East Gwillimbury −7.0% down 7.0%
Richmond Hill −4.7% down 4.7%
Georgina −4.0% down 4.0%

Sales, month-over-month

Top 5

King +65.0% up 65.0%
Richmond Hill +1.2% up 1.2%
Newmarket −3.2% down 3.2%
Whitchurch-Stouffville −4.1% down 4.1%
East Gwillimbury −18.8% down 18.8%

Bottom 5

Georgina −33.3% down 33.3%
Aurora −27.9% down 27.9%
Vaughan −20.2% down 20.2%
Markham −19.3% down 19.3%
East Gwillimbury −18.8% down 18.8%

York Region

King focus

King, York Region

$2,052,470

−$66,480 −3.1% down $66,480, 3.1% versus August 2023

Sales: 33
SP/LP: 96%
DOM: 35
SNLR: 34.7%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,479,491

+$175,826 +13.5% up $175,826, 13.5% versus August 2023

Sales: 47
SP/LP: 97%
DOM: 27
SNLR: 33.6%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,425,322

−$69,663 −4.7% down $69,663, 4.7% versus August 2023

Sales: 163
SP/LP: 102%
DOM: 20
SNLR: 30.9%

Full history →

Markham focus

Markham, York Region

$1,326,255

+$44,236 +3.5% up $44,236, 3.5% versus August 2023

Sales: 196
SP/LP: 104%
DOM: 17
SNLR: 28.9%

Full history →

Vaughan focus

Vaughan, York Region

$1,281,624

−$45,410 −3.4% down $45,410, 3.4% versus August 2023

Sales: 182
SP/LP: 100%
DOM: 23
SNLR: 25.0%

Full history →

Aurora focus

Aurora, York Region

$1,277,312

−$184,822 −12.6% down $184,822, 12.6% versus August 2023

Sales: 49
SP/LP: 99%
DOM: 18
SNLR: 32.5%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,275,083

−$95,795 −7.0% down $95,795, 7.0% versus August 2023

Sales: 26
SP/LP: 97%
DOM: 28
SNLR: 19.3%

Full history →

Newmarket focus

Newmarket, York Region

$1,079,995

−$146,951 −12.0% down $146,951, 12.0% versus August 2023

Sales: 61
SP/LP: 100%
DOM: 18
SNLR: 29.3%

Full history →

Georgina focus

Georgina, York Region

$879,963

−$36,990 −4.0% down $36,990, 4.0% versus August 2023

Sales: 38
SP/LP: 98%
DOM: 25
SNLR: 23.3%

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	33	+13 +65.0% up 13, 65.0% versus August 2023	$67.7M	$2,052,470	−$66,480 −3.1% down $66,480, 3.1% versus August 2023	$2,000,000	95	154	96%	35	51	34.7%	4.7
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	47	−2 −4.1% down 2, 4.1% versus August 2023	$69.5M	$1,479,491	+$175,826 +13.5% up $175,826, 13.5% versus August 2023	$1,230,000	140	186	97%	27	32	33.6%	4.0
Richmond Hill focus Richmond Hill, York Region	163	+2 +1.2% up 2, 1.2% versus August 2023	$232.3M	$1,425,322	−$69,663 −4.7% down $69,663, 4.7% versus August 2023	$1,335,000	527	626	102%	20	31	30.9%	3.8
Markham focus Markham, York Region	196	−47 −19.3% down 47, 19.3% versus August 2023	$259.9M	$1,326,255	+$44,236 +3.5% up $44,236, 3.5% versus August 2023	$1,248,400	679	700	104%	17	23	28.9%	3.6
Vaughan focus Vaughan, York Region	182	−46 −20.2% down 46, 20.2% versus August 2023	$233.3M	$1,281,624	−$45,410 −3.4% down $45,410, 3.4% versus August 2023	$1,188,000	728	936	100%	23	34	25.0%	5.1
Aurora focus Aurora, York Region	49	−19 −27.9% down 19, 27.9% versus August 2023	$62.6M	$1,277,312	−$184,822 −12.6% down $184,822, 12.6% versus August 2023	$1,210,000	151	165	99%	18	30	32.5%	3.4
East Gwillimbury focus East Gwillimbury, York Region	26	−6 −18.8% down 6, 18.8% versus August 2023	$33.2M	$1,275,083	−$95,795 −7.0% down $95,795, 7.0% versus August 2023	$1,115,935	135	159	97%	28	59	19.3%	6.1
Newmarket focus Newmarket, York Region	61	−2 −3.2% down 2, 3.2% versus August 2023	$65.9M	$1,079,995	−$146,951 −12.0% down $146,951, 12.0% versus August 2023	$1,061,000	208	227	100%	18	26	29.3%	3.7
Georgina focus Georgina, York Region	38	−19 −33.3% down 19, 33.3% versus August 2023	$33.4M	$879,963	−$36,990 −4.0% down $36,990, 4.0% versus August 2023	$811,000	163	220	98%	25	33	23.3%	5.8