Source: TRREB MarketWatch, December 2023

9 areas

York Region

December 2023

Headline indicators

All home types

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

$1,281,020

MoM −$5,597 −0.4% YoY +1.1%

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

$1,196,500

MoM +$500 +0.0% YoY +5.6%

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

$1,306,700

MoM −$25,200 −1.9% YoY +0.1%

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

612

MoM −182 −22.9% YoY +6.4%

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

$784.0M

MoM −$237,589,519 −23.3% YoY +7.6%

New listings — Properties newly listed during the month.

648

MoM −1,200 −64.9% YoY −12.8%

Active listings — Listings available at month end.

1,793

MoM −1,167 −39.4% YoY +22.2%

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

MoM +6 days +24.0% YoY +24.0%

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

MoM +8 days +20.0% YoY +29.7%

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

98%

MoM no change YoY −2.0%

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

94.4%

MoM +51.5 pp +119.8% YoY +22.0%

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 −1 −21.4% YoY +14.8%

Trend

13 months to December 2023

Average price

York Region average selling price over the 13 months ending December 2023.
Month	Average price
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
Oct '23	1293179
Nov '23	1286617
Dec '23	1281020

Sales

York Region sales over the 13 months ending December 2023.
Month	Sales
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
Oct '23	848
Nov '23	794
Dec '23	612

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	612	−182 −22.9% down 182, 22.9% versus November 2023	$1,281,020	−$5,597 −0.4% down $5,597, 0.4% versus November 2023	$1,196,500	94.4%	2.9
Detached	309	−106 −25.5% down 106, 25.5% versus November 2023	$1,642,701	+$5,312 +0.3% up $5,312, 0.3% versus November 2023	$1,518,000	98.4%	2.9
Semi-detached	39	−17 −30.4% down 17, 30.4% versus November 2023	$1,039,948	−$39,369 −3.6% down $39,369, 3.6% versus November 2023	$1,039,000	156.0%	1.1
Att/row/townhouse	113	−10 −8.1% down 10, 8.1% versus November 2023	$1,092,551	−$10,969 −1.0% down $10,969, 1.0% versus November 2023	$1,099,000	127.0%	1.5
Condo townhouse	29	−4 −12.1% down 4, 12.1% versus November 2023	$888,130	+$50,433 +6.0% up $50,433, 6.0% versus November 2023	$820,000	64.4%	4.9
Condo apartment	114	−43 −27.4% down 43, 27.4% versus November 2023	$670,392	−$10,024 −1.5% down $10,024, 1.5% versus November 2023	$644,000	67.5%	4.6
Link	8	no change no change versus November 2023	$1,274,102	+$174,327 +15.9% up $174,327, 15.9% versus November 2023	$1,250,000	133.3%	0.6

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	354	$1,306,700	+0.1% up 0.1%
Single-family detached	375.2	$1,593,400	+0.2% up 0.2%
Single-family attached	383.2	$1,153,300	+1.3% up 1.3%
Townhouse	355	$898,500	+4.4% up 4.4%
Apartment	326.1	$677,300	−0.4% down 0.4%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

East Gwillimbury +24.3% up 24.3%
Georgina +11.3% up 11.3%
Newmarket +8.1% up 8.1%
Richmond Hill +4.3% up 4.3%
Whitchurch-Stouffville +0.0% up 0.0%

Bottom 5

Markham −8.8% down 8.8%
Aurora −8.1% down 8.1%
Vaughan −0.4% down 0.4%
Whitchurch-Stouffville +0.0% up 0.0%
Richmond Hill +4.3% up 4.3%

Sales, month-over-month

Top 5

Newmarket +16.1% up 16.1%
Whitchurch-Stouffville −15.8% down 15.8%
Vaughan −21.5% down 21.5%
Richmond Hill −24.5% down 24.5%
East Gwillimbury −25.0% down 25.0%

Bottom 5

Georgina −30.0% down 30.0%
Markham −30.0% down 30.0%
Aurora −26.6% down 26.6%
East Gwillimbury −25.0% down 25.0%
Richmond Hill −24.5% down 24.5%

York Region

King focus

King, York Region

$2,417,667

+$735,351 +43.7% up $735,351, 43.7% versus November 2023

Sales: 9
SP/LP: 91%
DOM: 45
SNLR: 50.0%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,393,679

+$57,198 +4.3% up $57,198, 4.3% versus November 2023

Sales: 105
SP/LP: 98%
DOM: 33
SNLR: 89.7%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,331,556

+$259,970 +24.3% up $259,970, 24.3% versus November 2023

Sales: 27
SP/LP: 97%
DOM: 40
SNLR: 112.5%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,311,523

+$521 +0.0% up $521, 0.0% versus November 2023

Sales: 32
SP/LP: 98%
DOM: 34
SNLR: 86.5%

Full history →

Aurora focus

Aurora, York Region

$1,291,453

−$114,275 −8.1% down $114,275, 8.1% versus November 2023

Sales: 47
SP/LP: 97%
DOM: 28
SNLR: 151.6%

Full history →

Vaughan focus

Vaughan, York Region

$1,265,059

−$5,229 −0.4% down $5,229, 0.4% versus November 2023

Sales: 161
SP/LP: 98%
DOM: 32
SNLR: 92.5%

Full history →

Markham focus

Markham, York Region

$1,231,173

−$119,382 −8.8% down $119,382, 8.8% versus November 2023

Sales: 145
SP/LP: 99%
DOM: 28
SNLR: 90.1%

Full history →

Newmarket focus

Newmarket, York Region

$1,155,884

+$86,180 +8.1% up $86,180, 8.1% versus November 2023

Sales: 65
SP/LP: 98%
DOM: 30
SNLR: 127.5%

Full history →

Georgina focus

Georgina, York Region

$949,667

+$96,340 +11.3% up $96,340, 11.3% versus November 2023

Sales: 21
SP/LP: 96%
DOM: 25
SNLR: 60.0%

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	−10 −52.6% down 10, 52.6% versus November 2023	$21.8M	$2,417,667	+$735,351 +43.7% up $735,351, 43.7% versus November 2023	$1,978,000	18	78	91%	45	64	50.0%	8.7
Richmond Hill focus Richmond Hill, York Region	105	−34 −24.5% down 34, 24.5% versus November 2023	$146.3M	$1,393,679	+$57,198 +4.3% up $57,198, 4.3% versus November 2023	$1,300,000	117	333	98%	33	48	89.7%	3.2
East Gwillimbury focus East Gwillimbury, York Region	27	−9 −25.0% down 9, 25.0% versus November 2023	$36.0M	$1,331,556	+$259,970 +24.3% up $259,970, 24.3% versus November 2023	$1,310,000	24	67	97%	40	53	112.5%	2.5
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	32	−6 −15.8% down 6, 15.8% versus November 2023	$42.0M	$1,311,523	+$521 +0.0% up $521, 0.0% versus November 2023	$1,196,500	37	95	98%	34	48	86.5%	3.0
Aurora focus Aurora, York Region	47	−17 −26.6% down 17, 26.6% versus November 2023	$60.7M	$1,291,453	−$114,275 −8.1% down $114,275, 8.1% versus November 2023	$1,143,880	31	88	97%	28	41	151.6%	1.9
Vaughan focus Vaughan, York Region	161	−44 −21.5% down 44, 21.5% versus November 2023	$203.7M	$1,265,059	−$5,229 −0.4% down $5,229, 0.4% versus November 2023	$1,168,000	174	531	98%	32	52	92.5%	3.3
Markham focus Markham, York Region	145	−62 −30.0% down 62, 30.0% versus November 2023	$178.5M	$1,231,173	−$119,382 −8.8% down $119,382, 8.8% versus November 2023	$1,179,000	161	366	99%	28	42	90.1%	2.5
Newmarket focus Newmarket, York Region	65	+9 +16.1% up 9, 16.1% versus November 2023	$75.1M	$1,155,884	+$86,180 +8.1% up $86,180, 8.1% versus November 2023	$1,002,000	51	109	98%	30	44	127.5%	1.7
Georgina focus Georgina, York Region	21	−9 −30.0% down 9, 30.0% versus November 2023	$19.9M	$949,667	+$96,340 +11.3% up $96,340, 11.3% versus November 2023	$835,000	35	126	96%	25	62	60.0%	6.0