Source: TRREB MarketWatch, January 2024

9 areas

York Region

January 2024

Headline indicators

All home types

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

$1,210,705

MoM −$70,315 −5.5% YoY −5.8%

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

$1,120,000

MoM −$76,500 −6.4% YoY −5.2%

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

$1,300,900

MoM −$5,800 −0.4% YoY +0.2%

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

775

MoM +163 +26.6% YoY +42.5%

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

$938.3M

MoM +$154,312,020 +19.7% YoY +34.2%

New listings — Properties newly listed during the month.

1,464

MoM +816 +125.9% YoY +9.0%

Active listings — Listings available at month end.

1,775

MoM −18 −1.0% YoY +10.8%

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

MoM +6 days +19.4% YoY +42.3%

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

MoM +5 days +10.4% YoY +43.2%

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

99%

MoM +1.0 pp +1.0% YoY −1.0%

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

52.9%

MoM −41.5 pp −43.9% YoY +30.7%

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.

2.3

MoM −1 −21.8% YoY −22.2%

Trend

13 months to January 2024

Average price

York Region average selling price over the 13 months ending January 2024.
Month	Average price
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
Jan '24	1210705

Sales

York Region sales over the 13 months ending January 2024.
Month	Sales
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
Jan '24	775

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	775	+163 +26.6% up 163, 26.6% versus December 2023	$1,210,705	−$70,315 −5.5% down $70,315, 5.5% versus December 2023	$1,120,000	52.9%	2.3
Detached	363	+54 +17.5% up 54, 17.5% versus December 2023	$1,574,942	−$67,759 −4.1% down $67,759, 4.1% versus December 2023	$1,460,000	48.5%	2.5
Semi-detached	46	+7 +17.9% up 7, 17.9% versus December 2023	$1,122,140	+$82,192 +7.9% up $82,192, 7.9% versus December 2023	$1,100,000	74.2%	0.9
Att/row/townhouse	116	+3 +2.7% up 3, 2.7% versus December 2023	$1,131,261	+$38,710 +3.5% up $38,710, 3.5% versus December 2023	$1,115,000	60.1%	1.4
Condo townhouse	55	+26 +89.7% up 26, 89.7% versus December 2023	$889,285	+$1,155 +0.1% up $1,155, 0.1% versus December 2023	$810,000	52.9%	2.6
Condo apartment	188	+74 +64.9% up 74, 64.9% versus December 2023	$665,628	−$4,764 −0.7% down $4,764, 0.7% versus December 2023	$630,000	54.0%	2.7
Link	7	−1 −12.5% down 1, 12.5% versus December 2023	$1,385,543	+$111,441 +8.7% up $111,441, 8.7% versus December 2023	$1,400,000	77.8%	0.7

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	352.5	$1,300,900	+0.2% up 0.2%
Single-family detached	373.8	$1,587,400	+0.4% up 0.4%
Single-family attached	382.7	$1,151,800	+1.0% up 1.0%
Townhouse	353	$893,400	+3.5% up 3.5%
Apartment	321.5	$667,700	−0.5% down 0.5%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Markham +3.1% up 3.1%
Vaughan −0.9% down 0.9%
Newmarket −2.2% down 2.2%
Aurora −7.2% down 7.2%
East Gwillimbury −7.3% down 7.3%

Bottom 5

King −34.2% down 34.2%
Richmond Hill −13.8% down 13.8%
Georgina −11.4% down 11.4%
Whitchurch-Stouffville −8.5% down 8.5%
East Gwillimbury −7.3% down 7.3%

Sales, month-over-month

Top 5

Georgina +123.8% up 123.8%
Whitchurch-Stouffville +46.9% up 46.9%
Markham +36.6% up 36.6%
Richmond Hill +26.7% up 26.7%
Vaughan +25.5% up 25.5%

Bottom 5

Aurora −19.1% down 19.1%
Newmarket +3.1% up 3.1%
King +11.1% up 11.1%
East Gwillimbury +22.2% up 22.2%
Vaughan +25.5% up 25.5%

York Region

King focus

King, York Region

$1,591,800

−$825,867 −34.2% down $825,867, 34.2% versus December 2023

Sales: 10
SP/LP: 95%
DOM: 61
SNLR: 23.8%

Full history →

Markham focus

Markham, York Region

$1,269,031

+$37,858 +3.1% up $37,858, 3.1% versus December 2023

Sales: 198
SP/LP: 101%
DOM: 38
SNLR: 59.5%

Full history →

Vaughan focus

Vaughan, York Region

$1,254,227

−$10,832 −0.9% down $10,832, 0.9% versus December 2023

Sales: 202
SP/LP: 97%
DOM: 35
SNLR: 56.0%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,234,793

−$96,763 −7.3% down $96,763, 7.3% versus December 2023

Sales: 33
SP/LP: 97%
DOM: 40
SNLR: 46.5%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,201,270

−$192,409 −13.8% down $192,409, 13.8% versus December 2023

Sales: 133
SP/LP: 99%
DOM: 36
SNLR: 47.8%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,199,787

−$111,736 −8.5% down $111,736, 8.5% versus December 2023

Sales: 47
SP/LP: 99%
DOM: 36
SNLR: 56.6%

Full history →

Aurora focus

Aurora, York Region

$1,198,012

−$93,441 −7.2% down $93,441, 7.2% versus December 2023

Sales: 38
SP/LP: 99%
DOM: 44
SNLR: 46.3%

Full history →

Newmarket focus

Newmarket, York Region

$1,130,770

−$25,114 −2.2% down $25,114, 2.2% versus December 2023

Sales: 67
SP/LP: 98%
DOM: 36
SNLR: 61.5%

Full history →

Georgina focus

Georgina, York Region

$841,772

−$107,895 −11.4% down $107,895, 11.4% versus December 2023

Sales: 47
SP/LP: 97%
DOM: 40
SNLR: 44.8%

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	10	+1 +11.1% up 1, 11.1% versus December 2023	$15.9M	$1,591,800	−$825,867 −34.2% down $825,867, 34.2% versus December 2023	$1,434,000	42	85	95%	61	82	23.8%	8.5
Markham focus Markham, York Region	198	+53 +36.6% up 53, 36.6% versus December 2023	$251.3M	$1,269,031	+$37,858 +3.1% up $37,858, 3.1% versus December 2023	$1,196,500	333	361	101%	38	49	59.5%	1.8
Vaughan focus Vaughan, York Region	202	+41 +25.5% up 41, 25.5% versus December 2023	$253.4M	$1,254,227	−$10,832 −0.9% down $10,832, 0.9% versus December 2023	$1,122,500	361	480	97%	35	55	56.0%	2.4
East Gwillimbury focus East Gwillimbury, York Region	33	+6 +22.2% up 6, 22.2% versus December 2023	$40.7M	$1,234,793	−$96,763 −7.3% down $96,763, 7.3% versus December 2023	$1,275,000	71	68	97%	40	46	46.5%	2.1
Richmond Hill focus Richmond Hill, York Region	133	+28 +26.7% up 28, 26.7% versus December 2023	$159.8M	$1,201,270	−$192,409 −13.8% down $192,409, 13.8% versus December 2023	$1,129,000	278	348	99%	36	48	47.8%	2.6
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	47	+15 +46.9% up 15, 46.9% versus December 2023	$56.4M	$1,199,787	−$111,736 −8.5% down $111,736, 8.5% versus December 2023	$1,080,000	83	94	99%	36	52	56.6%	2.0
Aurora focus Aurora, York Region	38	−9 −19.1% down 9, 19.1% versus December 2023	$45.5M	$1,198,012	−$93,441 −7.2% down $93,441, 7.2% versus December 2023	$1,118,333	82	94	99%	44	64	46.3%	2.5
Newmarket focus Newmarket, York Region	67	+2 +3.1% up 2, 3.1% versus December 2023	$75.8M	$1,130,770	−$25,114 −2.2% down $25,114, 2.2% versus December 2023	$1,026,600	109	114	98%	36	45	61.5%	1.7
Georgina focus Georgina, York Region	47	+26 +123.8% up 26, 123.8% versus December 2023	$39.6M	$841,772	−$107,895 −11.4% down $107,895, 11.4% versus December 2023	$840,000	105	131	97%	40	66	44.8%	2.8