Source: TRREB MarketWatch, February 2024

9 areas

York Region

February 2024

Headline indicators

All home types

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

$1,324,423

MoM +$113,718 +9.4% YoY +1.7%

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

$1,273,800

MoM +$153,800 +13.7% YoY +4.8%

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

$1,344,600

MoM +$43,700 +3.4% YoY +1.8%

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

1,043

MoM +268 +34.6% YoY +14.6%

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

$1.38B

MoM +$443,076,438 +47.2% YoY +16.5%

New listings — Properties newly listed during the month.

2,132

MoM +668 +45.6% YoY +42.7%

Active listings — Listings available at month end.

1,990

MoM +215 +12.1% YoY +19.7%

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

MoM −12 days −32.4% YoY +19.0%

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

MoM −17 days −32.1% YoY +16.1%

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

102%

MoM +3.0 pp +3.0% YoY no change

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

48.9%

MoM −4.0 pp −7.6% YoY −19.7%

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.

1.9

MoM −0 −16.7% YoY +4.4%

Trend

13 months to February 2024

Average price

York Region average selling price over the 13 months ending February 2024.
Month	Average price
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
Feb '24	1324423

Sales

York Region sales over the 13 months ending February 2024.
Month	Sales
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
Feb '24	1043

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	1,043	+268 +34.6% up 268, 34.6% versus January 2024	$1,324,423	+$113,718 +9.4% up $113,718, 9.4% versus January 2024	$1,273,800	48.9%	1.9
Detached	546	+183 +50.4% up 183, 50.4% versus January 2024	$1,652,218	+$77,276 +4.9% up $77,276, 4.9% versus January 2024	$1,538,500	47.2%	1.9
Semi-detached	57	+11 +23.9% up 11, 23.9% versus January 2024	$1,166,514	+$44,374 +4.0% up $44,374, 4.0% versus January 2024	$1,200,000	57.6%	0.9
Att/row/townhouse	168	+52 +44.8% up 52, 44.8% versus January 2024	$1,216,703	+$85,442 +7.6% up $85,442, 7.6% versus January 2024	$1,190,000	55.1%	1.1
Condo townhouse	64	+9 +16.4% up 9, 16.4% versus January 2024	$928,018	+$38,733 +4.4% up $38,733, 4.4% versus January 2024	$908,750	50.0%	2.3
Condo apartment	201	+13 +6.9% up 13, 6.9% versus January 2024	$690,823	+$25,195 +3.8% up $25,195, 3.8% versus January 2024	$648,800	47.0%	2.8
Link	7	no change no change versus January 2024	$1,445,086	+$59,543 +4.3% up $59,543, 4.3% versus January 2024	$1,442,800	50.0%	1.3

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	364.3	$1,344,600	+1.8% up 1.8%
Single-family detached	387.6	$1,646,200	+2.1% up 2.1%
Single-family attached	395.6	$1,190,800	+2.7% up 2.7%
Townhouse	359.7	$910,500	+2.8% up 2.8%
Apartment	325.2	$675,400	+0.9% up 0.9%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Aurora +21.4% up 21.4%
Richmond Hill +17.9% up 17.9%
King +14.7% up 14.7%
Georgina +10.7% up 10.7%
Whitchurch-Stouffville +10.2% up 10.2%

Bottom 5

Markham +3.8% up 3.8%
Vaughan +5.2% up 5.2%
East Gwillimbury +6.8% up 6.8%
Newmarket +8.8% up 8.8%
Whitchurch-Stouffville +10.2% up 10.2%

Sales, month-over-month

Top 5

King +120.0% up 120.0%
Aurora +84.2% up 84.2%
Vaughan +44.6% up 44.6%
Richmond Hill +36.8% up 36.8%
Georgina +36.2% up 36.2%

Bottom 5

East Gwillimbury +6.1% up 6.1%
Whitchurch-Stouffville +17.0% up 17.0%
Markham +20.2% up 20.2%
Newmarket +26.9% up 26.9%
Georgina +36.2% up 36.2%

York Region

King focus

King, York Region

$1,825,882

+$234,082 +14.7% up $234,082, 14.7% versus January 2024

Sales: 22
SP/LP: 95%
DOM: 25
SNLR: 32.8%

Full history →

Aurora focus

Aurora, York Region

$1,454,030

+$256,018 +21.4% up $256,018, 21.4% versus January 2024

Sales: 70
SP/LP: 102%
DOM: 17
SNLR: 56.0%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,416,108

+$214,838 +17.9% up $214,838, 17.9% versus January 2024

Sales: 182
SP/LP: 102%
DOM: 26
SNLR: 47.4%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,322,183

+$122,396 +10.2% up $122,396, 10.2% versus January 2024

Sales: 55
SP/LP: 101%
DOM: 24
SNLR: 49.5%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,319,014

+$84,221 +6.8% up $84,221, 6.8% versus January 2024

Sales: 35
SP/LP: 98%
DOM: 20
SNLR: 36.8%

Full history →

Vaughan focus

Vaughan, York Region

$1,318,984

+$64,757 +5.2% up $64,757, 5.2% versus January 2024

Sales: 292
SP/LP: 100%
DOM: 27
SNLR: 47.7%

Full history →

Markham focus

Markham, York Region

$1,316,784

+$47,753 +3.8% up $47,753, 3.8% versus January 2024

Sales: 238
SP/LP: 105%
DOM: 20
SNLR: 53.1%

Full history →

Newmarket focus

Newmarket, York Region

$1,230,610

+$99,840 +8.8% up $99,840, 8.8% versus January 2024

Sales: 85
SP/LP: 102%
DOM: 27
SNLR: 54.8%

Full history →

Georgina focus

Georgina, York Region

$932,253

+$90,481 +10.7% up $90,481, 10.7% versus January 2024

Sales: 64
SP/LP: 99%
DOM: 35
SNLR: 47.4%

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	22	+12 +120.0% up 12, 120.0% versus January 2024	$40.2M	$1,825,882	+$234,082 +14.7% up $234,082, 14.7% versus January 2024	$1,812,500	67	89	95%	25	50	32.8%	4.0
Aurora focus Aurora, York Region	70	+32 +84.2% up 32, 84.2% versus January 2024	$101.8M	$1,454,030	+$256,018 +21.4% up $256,018, 21.4% versus January 2024	$1,313,500	125	103	102%	17	30	56.0%	1.5
Richmond Hill focus Richmond Hill, York Region	182	+49 +36.8% up 49, 36.8% versus January 2024	$257.7M	$1,416,108	+$214,838 +17.9% up $214,838, 17.9% versus January 2024	$1,335,950	384	381	102%	26	40	47.4%	2.1
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	55	+8 +17.0% up 8, 17.0% versus January 2024	$72.7M	$1,322,183	+$122,396 +10.2% up $122,396, 10.2% versus January 2024	$1,189,000	111	92	101%	24	32	49.5%	1.7
East Gwillimbury focus East Gwillimbury, York Region	35	+2 +6.1% up 2, 6.1% versus January 2024	$46.2M	$1,319,014	+$84,221 +6.8% up $84,221, 6.8% versus January 2024	$1,330,000	95	89	98%	20	27	36.8%	2.5
Vaughan focus Vaughan, York Region	292	+90 +44.6% up 90, 44.6% versus January 2024	$385.1M	$1,318,984	+$64,757 +5.2% up $64,757, 5.2% versus January 2024	$1,302,500	612	557	100%	27	38	47.7%	1.9
Markham focus Markham, York Region	238	+40 +20.2% up 40, 20.2% versus January 2024	$313.4M	$1,316,784	+$47,753 +3.8% up $47,753, 3.8% versus January 2024	$1,299,000	448	404	105%	20	29	53.1%	1.7
Newmarket focus Newmarket, York Region	85	+18 +26.9% up 18, 26.9% versus January 2024	$104.6M	$1,230,610	+$99,840 +8.8% up $99,840, 8.8% versus January 2024	$1,185,000	155	131	102%	27	36	54.8%	1.5
Georgina focus Georgina, York Region	64	+17 +36.2% up 17, 36.2% versus January 2024	$59.7M	$932,253	+$90,481 +10.7% up $90,481, 10.7% versus January 2024	$907,000	135	144	99%	35	54	47.4%	2.3