Source: TRREB MarketWatch, May 2022

9 areas

York Region

May 2022

Headline indicators

All home types

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

$1,369,657

MoM −$56,993 −4.0% YoY +5.8%

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

$1,270,000

MoM −$55,000 −4.2% YoY +8.1%

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

$1,499,600

MoM −$31,900 −2.1% YoY +28.4%

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

1,100

MoM −130 −10.6% YoY −49.8%

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

$1.51B

MoM −$248,157,114 −14.1% YoY −46.9%

New listings — Properties newly listed during the month.

3,151

MoM −118 −3.6% YoY −9.0%

Active listings — Listings available at month end.

2,954

MoM +289 +10.8% YoY +10.7%

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

MoM +2 days +16.7% YoY +7.7%

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

MoM +5 days +31.3% YoY +16.7%

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

101%

MoM −4.0 pp −3.8% YoY −2.9%

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

34.9%

MoM −2.7 pp −7.2% YoY −44.8%

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.

2.7

MoM +1 +23.9% YoY +120.6%

Trend

13 months to May 2022

Average price

York Region average selling price over the 13 months ending May 2022.
Month	Average price
May '21	1294579
Jun '21	1241833
Jul '21	1271831
Aug '21	1290651
Sep '21	1359010
Oct '21	1376939
Nov '21	1394713
Dec '21	1425366
Jan '22	1519583
Feb '22	1587603
Mar '22	1515897
Apr '22	1426650
May '22	1369657

Sales

York Region sales over the 13 months ending May 2022.
Month	Sales
May '21	2192
Jun '21	2015
Jul '21	1767
Aug '21	1620
Sep '21	1695
Oct '21	1834
Nov '21	1583
Dec '21	1051
Jan '22	920
Feb '22	1661
Mar '22	1921
Apr '22	1230
May '22	1100

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	1,100	−130 −10.6% down 130, 10.6% versus April 2022	$1,369,657	−$56,993 −4.0% down $56,993, 4.0% versus April 2022	$1,270,000	34.9%	2.7
Detached	591	−82 −12.2% down 82, 12.2% versus April 2022	$1,677,250	−$84,584 −4.8% down $84,584, 4.8% versus April 2022	$1,577,000	33.2%	3.0
Semi-detached	91	+6 +7.1% up 6, 7.1% versus April 2022	$1,168,539	−$90,808 −7.2% down $90,808, 7.2% versus April 2022	$1,160,000	42.5%	1.7
Att/row/townhouse	183	+20 +12.3% up 20, 12.3% versus April 2022	$1,169,062	−$96,223 −7.6% down $96,223, 7.6% versus April 2022	$1,168,000	41.8%	1.9
Condo townhouse	42	−22 −34.4% down 22, 34.4% versus April 2022	$936,379	−$57,501 −5.8% down $57,501, 5.8% versus April 2022	$885,000	28.6%	3.6
Condo apartment	180	−55 −23.4% down 55, 23.4% versus April 2022	$780,703	+$20,952 +2.8% up $20,952, 2.8% versus April 2022	$712,500	32.8%	2.9
Link	13	+3 +30.0% up 3, 30.0% versus April 2022	$1,172,168	−$190,832 −14.0% down $190,832, 14.0% versus April 2022	$1,155,000	52.0%	1.7

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	408.1	$1,499,600	+28.4% up 28.4%
Single-family detached	413.8	$1,822,200	+26.5% up 26.5%
Single-family attached	431.4	$1,301,100	+30.5% up 30.5%
Townhouse	408.4	$1,043,800	+30.5% up 30.5%
Apartment	372.4	$784,300	+33.4% up 33.4%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Richmond Hill +0.1% up 0.1%
King −0.1% down 0.1%
Whitchurch-Stouffville −3.5% down 3.5%
Vaughan −4.0% down 4.0%
Aurora −4.5% down 4.5%

Bottom 5

East Gwillimbury −9.2% down 9.2%
Markham −6.4% down 6.4%
Newmarket −6.0% down 6.0%
Georgina −5.6% down 5.6%
Aurora −4.5% down 4.5%

Sales, month-over-month

Top 5

King +16.0% up 16.0%
Newmarket +3.5% up 3.5%
Aurora +2.6% up 2.6%
Richmond Hill −5.1% down 5.1%
Georgina −10.1% down 10.1%

Bottom 5

Vaughan −21.7% down 21.7%
Whitchurch-Stouffville −16.2% down 16.2%
East Gwillimbury −14.0% down 14.0%
Markham −10.9% down 10.9%
Georgina −10.1% down 10.1%

York Region

King focus

King, York Region

$2,060,603

−$1,071 −0.1% down $1,071, 0.1% versus April 2022

Sales: 29
SP/LP: 96%
DOM: 20
SNLR: 33.3%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,490,602

+$1,554 +0.1% up $1,554, 0.1% versus April 2022

Sales: 188
SP/LP: 102%
DOM: 15
SNLR: 34.0%

Full history →

Aurora focus

Aurora, York Region

$1,443,775

−$68,654 −4.5% down $68,654, 4.5% versus April 2022

Sales: 78
SP/LP: 100%
DOM: 15
SNLR: 37.0%

Full history →

Vaughan focus

Vaughan, York Region

$1,376,668

−$56,784 −4.0% down $56,784, 4.0% versus April 2022

Sales: 263
SP/LP: 101%
DOM: 14
SNLR: 29.5%

Full history →

Markham focus

Markham, York Region

$1,368,206

−$92,947 −6.4% down $92,947, 6.4% versus April 2022

Sales: 261
SP/LP: 102%
DOM: 14
SNLR: 37.7%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,365,757

−$137,633 −9.2% down $137,633, 9.2% versus April 2022

Sales: 43
SP/LP: 101%
DOM: 14
SNLR: 34.7%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,320,153

−$47,691 −3.5% down $47,691, 3.5% versus April 2022

Sales: 57
SP/LP: 99%
DOM: 16
SNLR: 46.3%

Full history →

Newmarket focus

Newmarket, York Region

$1,190,498

−$76,426 −6.0% down $76,426, 6.0% versus April 2022

Sales: 119
SP/LP: 103%
DOM: 11
SNLR: 46.1%

Full history →

Georgina focus

Georgina, York Region

$954,944

−$57,013 −5.6% down $57,013, 5.6% versus April 2022

Sales: 62
SP/LP: 102%
DOM: 12
SNLR: 29.3%

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	29	+4 +16.0% up 4, 16.0% versus April 2022	$59.8M	$2,060,603	−$1,071 −0.1% down $1,071, 0.1% versus April 2022	$2,050,000	87	113	96%	20	25	33.3%	3.9
Richmond Hill focus Richmond Hill, York Region	188	−10 −5.1% down 10, 5.1% versus April 2022	$280.2M	$1,490,602	+$1,554 +0.1% up $1,554, 0.1% versus April 2022	$1,350,000	553	572	102%	15	22	34.0%	3.0
Aurora focus Aurora, York Region	78	+2 +2.6% up 2, 2.6% versus April 2022	$112.6M	$1,443,775	−$68,654 −4.5% down $68,654, 4.5% versus April 2022	$1,302,500	211	188	100%	15	21	37.0%	2.4
Vaughan focus Vaughan, York Region	263	−73 −21.7% down 73, 21.7% versus April 2022	$362.1M	$1,376,668	−$56,784 −4.0% down $56,784, 4.0% versus April 2022	$1,300,000	891	799	101%	14	21	29.5%	3.0
Markham focus Markham, York Region	261	−32 −10.9% down 32, 10.9% versus April 2022	$357.1M	$1,368,206	−$92,947 −6.4% down $92,947, 6.4% versus April 2022	$1,315,000	692	647	102%	14	21	37.7%	2.5
East Gwillimbury focus East Gwillimbury, York Region	43	−7 −14.0% down 7, 14.0% versus April 2022	$58.7M	$1,365,757	−$137,633 −9.2% down $137,633, 9.2% versus April 2022	$1,330,000	124	120	101%	14	23	34.7%	2.8
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	57	−11 −16.2% down 11, 16.2% versus April 2022	$75.2M	$1,320,153	−$47,691 −3.5% down $47,691, 3.5% versus April 2022	$1,180,000	123	140	99%	16	25	46.3%	2.5
Newmarket focus Newmarket, York Region	119	+4 +3.5% up 4, 3.5% versus April 2022	$141.7M	$1,190,498	−$76,426 −6.0% down $76,426, 6.0% versus April 2022	$1,140,000	258	183	103%	11	19	46.1%	1.5
Georgina focus Georgina, York Region	62	−7 −10.1% down 7, 10.1% versus April 2022	$59.2M	$954,944	−$57,013 −5.6% down $57,013, 5.6% versus April 2022	$866,250	212	192	102%	12	18	29.3%	3.1