Source: TRREB MarketWatch, September 2022

9 areas

York Region

September 2022

Headline indicators

All home types

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

$1,246,490

MoM −$19,138 −1.5% YoY −8.3%

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

$1,165,000

MoM −$5,000 −0.4% YoY −6.8%

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

$1,315,500

MoM −$22,600 −1.7% YoY +6.7%

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

927

MoM −136 −12.8% YoY −45.3%

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

$1.16B

MoM −$189,866,073 −14.1% YoY −49.8%

New listings — Properties newly listed during the month.

1,848

MoM +63 +3.5% YoY −23.8%

Active listings — Listings available at month end.

2,309

MoM −6 −0.3% YoY +34.6%

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

MoM no change YoY +43.8%

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

MoM −1 day −2.8% YoY +66.7%

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

98%

MoM no change YoY −7.5%

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

50.2%

MoM −9.4 pp −15.8% YoY −28.3%

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.

2.5

MoM +0 +14.4% YoY +146.2%

Trend

13 months to September 2022

Average price

York Region average selling price over the 13 months ending September 2022.
Month	Average price
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
Jun '22	1307857
Jul '22	1274911
Aug '22	1265628
Sep '22	1246490

Sales

York Region sales over the 13 months ending September 2022.
Month	Sales
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
Jun '22	1011
Jul '22	820
Aug '22	1063
Sep '22	927

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	927	−136 −12.8% down 136, 12.8% versus August 2022	$1,246,490	−$19,138 −1.5% down $19,138, 1.5% versus August 2022	$1,165,000	50.2%	2.5
Detached	512	−56 −9.9% down 56, 9.9% versus August 2022	$1,527,795	−$51,745 −3.3% down $51,745, 3.3% versus August 2022	$1,412,500	49.0%	2.6
Semi-detached	64	−16 −20.0% down 16, 20.0% versus August 2022	$1,039,600	−$8,222 −0.8% down $8,222, 0.8% versus August 2022	$1,065,000	68.8%	1.3
Att/row/townhouse	122	−36 −22.8% down 36, 22.8% versus August 2022	$1,089,171	−$14,872 −1.3% down $14,872, 1.3% versus August 2022	$1,070,000	61.0%	1.5
Condo townhouse	54	+3 +5.9% up 3, 5.9% versus August 2022	$889,854	+$47,325 +5.6% up $47,325, 5.6% versus August 2022	$843,750	51.4%	2.6
Condo apartment	167	−25 −13.0% down 25, 13.0% versus August 2022	$695,455	+$15,021 +2.2% up $15,021, 2.2% versus August 2022	$675,000	43.4%	3.2
Link	8	−6 −42.9% down 6, 42.9% versus August 2022	$1,207,375	+$42,604 +3.7% up $42,604, 3.7% versus August 2022	$1,181,500	53.3%	1.5

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	358	$1,315,500	+6.7% up 6.7%
Single-family detached	361.5	$1,592,000	+4.5% up 4.5%
Single-family attached	380.1	$1,146,500	+7.9% up 7.9%
Townhouse	350.2	$895,000	+9.0% up 9.0%
Apartment	333.5	$702,400	+17.7% up 17.7%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Newmarket +8.1% up 8.1%
East Gwillimbury +6.7% up 6.7%
Richmond Hill +4.3% up 4.3%
Aurora +3.3% up 3.3%
King +0.8% up 0.8%

Bottom 5

Whitchurch-Stouffville −12.1% down 12.1%
Markham −4.9% down 4.9%
Georgina −4.0% down 4.0%
Vaughan −3.3% down 3.3%
King +0.8% up 0.8%

Sales, month-over-month

Top 5

Whitchurch-Stouffville +35.8% up 35.8%
East Gwillimbury −4.8% down 4.8%
Newmarket −6.3% down 6.3%
Georgina −9.2% down 9.2%
Vaughan −13.8% down 13.8%

Bottom 5

King −20.8% down 20.8%
Markham −19.6% down 19.6%
Richmond Hill −18.2% down 18.2%
Aurora −17.1% down 17.1%
Vaughan −13.8% down 13.8%

York Region

King focus

King, York Region

$2,182,700

+$18,124 +0.8% up $18,124, 0.8% versus August 2022

Sales: 19
SP/LP: 92%
DOM: 34
SNLR: 24.4%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,425,852

+$58,458 +4.3% up $58,458, 4.3% versus August 2022

Sales: 153
SP/LP: 99%
DOM: 25
SNLR: 53.7%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,362,910

+$85,946 +6.7% up $85,946, 6.7% versus August 2022

Sales: 40
SP/LP: 95%
DOM: 22
SNLR: 44.9%

Full history →

Vaughan focus

Vaughan, York Region

$1,231,728

−$42,667 −3.3% down $42,667, 3.3% versus August 2022

Sales: 224
SP/LP: 98%
DOM: 26
SNLR: 42.3%

Full history →

Aurora focus

Aurora, York Region

$1,230,281

+$39,087 +3.3% up $39,087, 3.3% versus August 2022

Sales: 68
SP/LP: 99%
DOM: 20
SNLR: 54.8%

Full history →

Markham focus

Markham, York Region

$1,211,230

−$62,198 −4.9% down $62,198, 4.9% versus August 2022

Sales: 217
SP/LP: 101%
DOM: 23
SNLR: 55.9%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,178,865

−$162,984 −12.1% down $162,984, 12.1% versus August 2022

Sales: 72
SP/LP: 98%
DOM: 17
SNLR: 69.9%

Full history →

Newmarket focus

Newmarket, York Region

$1,136,705

+$85,625 +8.1% up $85,625, 8.1% versus August 2022

Sales: 75
SP/LP: 98%
DOM: 19
SNLR: 54.0%

Full history →

Georgina focus

Georgina, York Region

$827,443

−$34,509 −4.0% down $34,509, 4.0% versus August 2022

Sales: 59
SP/LP: 97%
DOM: 26
SNLR: 52.2%

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	19	−5 −20.8% down 5, 20.8% versus August 2022	$41.5M	$2,182,700	+$18,124 +0.8% up $18,124, 0.8% versus August 2022	$1,760,000	78	132	92%	34	48	24.4%	7.0
Richmond Hill focus Richmond Hill, York Region	153	−34 −18.2% down 34, 18.2% versus August 2022	$218.2M	$1,425,852	+$58,458 +4.3% up $58,458, 4.3% versus August 2022	$1,287,000	285	409	99%	25	36	53.7%	2.7
East Gwillimbury focus East Gwillimbury, York Region	40	−2 −4.8% down 2, 4.8% versus August 2022	$54.5M	$1,362,910	+$85,946 +6.7% up $85,946, 6.7% versus August 2022	$1,230,000	89	115	95%	22	36	44.9%	2.9
Vaughan focus Vaughan, York Region	224	−36 −13.8% down 36, 13.8% versus August 2022	$275.9M	$1,231,728	−$42,667 −3.3% down $42,667, 3.3% versus August 2022	$1,200,000	529	667	98%	26	40	42.3%	3.0
Aurora focus Aurora, York Region	68	−14 −17.1% down 14, 17.1% versus August 2022	$83.7M	$1,230,281	+$39,087 +3.3% up $39,087, 3.3% versus August 2022	$1,104,000	124	135	99%	20	30	54.8%	2.0
Markham focus Markham, York Region	217	−53 −19.6% down 53, 19.6% versus August 2022	$262.8M	$1,211,230	−$62,198 −4.9% down $62,198, 4.9% versus August 2022	$1,150,000	388	434	101%	23	33	55.9%	2.0
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	72	+19 +35.8% up 19, 35.8% versus August 2022	$84.9M	$1,178,865	−$162,984 −12.1% down $162,984, 12.1% versus August 2022	$1,152,500	103	131	98%	17	27	69.9%	1.8
Newmarket focus Newmarket, York Region	75	−5 −6.3% down 5, 6.3% versus August 2022	$85.3M	$1,136,705	+$85,625 +8.1% up $85,625, 8.1% versus August 2022	$1,089,000	139	147	98%	19	23	54.0%	2.0
Georgina focus Georgina, York Region	59	−6 −9.2% down 6, 9.2% versus August 2022	$48.8M	$827,443	−$34,509 −4.0% down $34,509, 4.0% versus August 2022	$750,000	113	139	97%	26	43	52.2%	2.4