Source: TRREB MarketWatch, June 2024

9 areas

York Region

June 2024

Headline indicators

All home types

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

$1,385,139

MoM +$45,107 +3.4% up $45,107, 3.4% versus May 2024 YoY −0.4% down 0.4% versus June 2023

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

$1,280,582

MoM +$40,582 +3.3% up $40,582, 3.3% versus May 2024 YoY −2.7% down 2.7% versus June 2023

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

$1,356,000

MoM −$3,000 −0.2% down $3,000, 0.2% versus May 2024 YoY −4.4% down 4.4% versus June 2023

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

1,082

MoM −116 −9.7% down 116, 9.7% versus May 2024 YoY −16.9% down 16.9% versus June 2023

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

$1.50B

MoM −$106,637,866 −6.6% down $106,637,866, 6.6% versus May 2024 YoY −17.3% down 17.3% versus June 2023

New listings — Properties newly listed during the month.

3,160

MoM −17 −0.5% down 17, 0.5% versus May 2024 YoY +10.3% up 10.3% versus June 2023

Active listings — Listings available at month end.

4,253

MoM +328 +8.4% up 328, 8.4% versus May 2024 YoY +66.1% up 66.1% versus June 2023

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

22

MoM +3 days +15.8% up 3 days, 15.8% versus May 2024 YoY +69.2% up 69.2% versus June 2023

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

32

MoM +4 days +14.3% up 4 days, 14.3% versus May 2024 YoY +68.4% up 68.4% versus June 2023

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

101%

MoM no change no change versus May 2024 YoY −4.7% down 4.7% versus June 2023

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

34.2%

MoM −3.5 pp −9.2% down 3.5 pp, 9.2% versus May 2024 YoY −24.7% down 24.7% versus June 2023

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.

3.9

MoM +1 +20.0% up 1, 20.0% versus May 2024 YoY +99.8% up 99.8% versus June 2023

Trend

13 months to June 2024

Average price

York Region average selling price over the 13 months ending June 2024.
Month Average price
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
Mar '24 1334655
Apr '24 1326533
May '24 1340032
Jun '24 1385139

Sales

York Region sales over the 13 months ending June 2024.
Month Sales
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
Mar '24 1250
Apr '24 1270
May '24 1198
Jun '24 1082

By home type

Home typeSalesMoMAverageMoMMedianSNLRMOI
All home types 1,082 −116 −9.7% down 116, 9.7% versus May 2024 $1,385,139 +$45,107 +3.4% up $45,107, 3.4% versus May 2024 $1,280,582 34.2% 3.9
Detached 592 −34 −5.4% down 34, 5.4% versus May 2024 $1,733,881 +$41,104 +2.4% up $41,104, 2.4% versus May 2024 $1,569,500 34.1% 4.1
Semi-detached 68 −4 −5.6% down 4, 5.6% versus May 2024 $1,176,445 +$9,219 +0.8% up $9,219, 0.8% versus May 2024 $1,220,000 41.0% 2.4
Att/row/townhouse 156 −25 −13.8% down 25, 13.8% versus May 2024 $1,162,081 −$3,486 −0.3% down $3,486, 0.3% versus May 2024 $1,175,027 34.8% 3.2
Condo townhouse 58 −13 −18.3% down 13, 18.3% versus May 2024 $937,833 +$17,798 +1.9% up $17,798, 1.9% versus May 2024 $855,000 38.4% 3.7
Condo apartment 193 −35 −15.4% down 35, 15.4% versus May 2024 $706,105 +$5,290 +0.8% up $5,290, 0.8% versus May 2024 $660,000 30.4% 4.9
Link 15 −4 −21.1% down 4, 21.1% versus May 2024 $1,353,793 +$92,547 +7.3% up $92,547, 7.3% versus May 2024 $1,380,000 65.2% 1.5

MLS® Home Price Index

CategoryIndexBenchmarkYoY
Composite 371.5 $1,356,000 −4.4% down 4.4%
Single-family detached 396.7 $1,663,000 −3.5% down 3.5%
Single-family attached 404.7 $1,206,400 −3.5% down 3.5%
Townhouse 375.8 $944,300 −3.4% down 3.4%
Apartment 339 $686,400 −4.2% down 4.2%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

  1. King +14.4% up 14.4%
  2. Whitchurch-Stouffville +9.2% up 9.2%
  3. Vaughan +5.0% up 5.0%
  4. Newmarket +4.7% up 4.7%
  5. Markham +4.3% up 4.3%

Bottom 5

  1. Georgina −12.2% down 12.2%
  2. Aurora −2.8% down 2.8%
  3. Richmond Hill −2.5% down 2.5%
  4. East Gwillimbury −0.3% down 0.3%
  5. Markham +4.3% up 4.3%

Sales, month-over-month

Top 5

  1. King +28.6% up 28.6%
  2. Aurora +13.7% up 13.7%
  3. Whitchurch-Stouffville +1.9% up 1.9%
  4. East Gwillimbury −7.5% down 7.5%
  5. Markham −8.1% down 8.1%

Bottom 5

  1. Georgina −27.5% down 27.5%
  2. Richmond Hill −20.7% down 20.7%
  3. Newmarket −14.0% down 14.0%
  4. Vaughan −8.6% down 8.6%
  5. Markham −8.1% down 8.1%

York Region

King focus

King, York Region

$2,493,888

+$313,936 +14.4% up $313,936, 14.4% versus May 2024

Sales
27
SP/LP
95%
DOM
32
SNLR
30.0%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,522,842

+$128,653 +9.2% up $128,653, 9.2% versus May 2024

Sales
54
SP/LP
98%
DOM
25
SNLR
30.2%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,470,046

−$37,927 −2.5% down $37,927, 2.5% versus May 2024

Sales
161
SP/LP
102%
DOM
23
SNLR
26.9%

Full history →

Aurora focus

Aurora, York Region

$1,403,913

−$39,909 −2.8% down $39,909, 2.8% versus May 2024

Sales
83
SP/LP
101%
DOM
20
SNLR
44.4%

Full history →

Vaughan focus

Vaughan, York Region

$1,400,963

+$66,418 +5.0% up $66,418, 5.0% versus May 2024

Sales
310
SP/LP
100%
DOM
23
SNLR
37.0%

Full history →

Markham focus

Markham, York Region

$1,348,035

+$55,352 +4.3% up $55,352, 4.3% versus May 2024

Sales
260
SP/LP
104%
DOM
18
SNLR
36.4%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,286,026

−$4,323 −0.3% down $4,323, 0.3% versus May 2024

Sales
49
SP/LP
99%
DOM
25
SNLR
42.2%

Full history →

Newmarket focus

Newmarket, York Region

$1,228,146

+$54,840 +4.7% up $54,840, 4.7% versus May 2024

Sales
80
SP/LP
100%
DOM
20
SNLR
37.7%

Full history →

Georgina focus

Georgina, York Region

$860,259

−$120,034 −12.2% down $120,034, 12.2% versus May 2024

Sales
58
SP/LP
99%
DOM
20
SNLR
25.8%

Full history →

All York Region areas

9 areas

Area Sales MoM $ volume Average MoM Median New Active SP/LP LDOM PDOM SNLR MOI
King focus King, York Region 27 +6 +28.6% up 6, 28.6% versus May 2024 $67.3M $2,493,888 +$313,936 +14.4% up $313,936, 14.4% versus May 2024 $2,375,000 90 169 95% 32 49 30.0% 6.3
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region 54 +1 +1.9% up 1, 1.9% versus May 2024 $82.2M $1,522,842 +$128,653 +9.2% up $128,653, 9.2% versus May 2024 $1,340,000 179 258 98% 25 36 30.2% 4.8
Richmond Hill focus Richmond Hill, York Region 161 −42 −20.7% down 42, 20.7% versus May 2024 $236.7M $1,470,046 −$37,927 −2.5% down $37,927, 2.5% versus May 2024 $1,398,000 598 857 102% 23 32 26.9% 5.3
Aurora focus Aurora, York Region 83 +10 +13.7% up 10, 13.7% versus May 2024 $116.5M $1,403,913 −$39,909 −2.8% down $39,909, 2.8% versus May 2024 $1,315,000 187 232 101% 20 25 44.4% 2.8
Vaughan focus Vaughan, York Region 310 −29 −8.6% down 29, 8.6% versus May 2024 $434.3M $1,400,963 +$66,418 +5.0% up $66,418, 5.0% versus May 2024 $1,283,000 838 1,120 100% 23 36 37.0% 3.6
Markham focus Markham, York Region 260 −23 −8.1% down 23, 8.1% versus May 2024 $350.5M $1,348,035 +$55,352 +4.3% up $55,352, 4.3% versus May 2024 $1,311,900 715 854 104% 18 24 36.4% 3.3
East Gwillimbury focus East Gwillimbury, York Region 49 −4 −7.5% down 4, 7.5% versus May 2024 $63.0M $1,286,026 −$4,323 −0.3% down $4,323, 0.3% versus May 2024 $1,248,000 116 170 99% 25 42 42.2% 3.5
Newmarket focus Newmarket, York Region 80 −13 −14.0% down 13, 14.0% versus May 2024 $98.3M $1,228,146 +$54,840 +4.7% up $54,840, 4.7% versus May 2024 $1,153,500 212 276 100% 20 30 37.7% 3.5
Georgina focus Georgina, York Region 58 −22 −27.5% down 22, 27.5% versus May 2024 $49.9M $860,259 −$120,034 −12.2% down $120,034, 12.2% versus May 2024 $825,000 225 317 99% 20 29 25.8% 5.5