Source: TRREB MarketWatch, December 2022

9 areas

York Region

December 2022

Headline indicators

All home types

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

$1,267,563

MoM −$42,083 −3.2% YoY −11.1%

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

$1,133,000

MoM −$82,000 −6.7% YoY −15.6%

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

$1,317,100

MoM −$100 −0.0% YoY −5.3%

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

575

MoM −257 −30.9% YoY −45.3%

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

$728.8M

MoM −$360,776,536 −33.1% YoY −51.3%

New listings — Properties newly listed during the month.

743

MoM −788 −51.5% YoY −18.9%

Active listings — Listings available at month end.

1,467

MoM −546 −27.1% YoY +139.7%

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

MoM +4 days +19.0% YoY +78.6%

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

MoM +5 days +15.6% YoY +94.7%

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

100%

MoM no change YoY −8.3%

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

77.4%

MoM +23.0 pp +42.4% YoY −32.6%

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 +5.4% YoY +338.1%

Trend

13 months to December 2022

Average price

York Region average selling price over the 13 months ending December 2022.
Month	Average price
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
Oct '22	1258610
Nov '22	1309646
Dec '22	1267563

Sales

York Region sales over the 13 months ending December 2022.
Month	Sales
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
Oct '22	854
Nov '22	832
Dec '22	575

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	575	−257 −30.9% down 257, 30.9% versus November 2022	$1,267,563	−$42,083 −3.2% down $42,083, 3.2% versus November 2022	$1,133,000	77.4%	2.5
Detached	289	−168 −36.8% down 168, 36.8% versus November 2022	$1,644,681	+$242 +0.0% up $242, 0.0% versus November 2022	$1,500,000	74.5%	2.9
Semi-detached	37	−9 −19.6% down 9, 19.6% versus November 2022	$1,040,229	−$17,131 −1.6% down $17,131, 1.6% versus November 2022	$1,020,000	80.4%	1.2
Att/row/townhouse	77	−34 −30.6% down 34, 30.6% versus November 2022	$1,094,779	+$13,444 +1.2% up $13,444, 1.2% versus November 2022	$1,062,000	81.9%	1.6
Condo townhouse	38	−28 −42.4% down 28, 42.4% versus November 2022	$944,294	+$78,465 +9.1% up $78,465, 9.1% versus November 2022	$800,000	82.6%	2.2
Condo apartment	125	−15 −10.7% down 15, 10.7% versus November 2022	$675,100	−$18,018 −2.6% down $18,018, 2.6% versus November 2022	$638,000	77.2%	3.0
Link	8	−4 −33.3% down 4, 33.3% versus November 2022	$1,181,350	−$91,067 −7.2% down $91,067, 7.2% versus November 2022	$1,171,000	114.3%	0.5
Detached condo	1	n/a not available, prior month not on file versus November 2022	$1,028,000	n/a not available, prior month not on file versus November 2022	$1,028,000	—	1.0

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	358.4	$1,317,100	−5.3% down 5.3%
Single-family detached	363.7	$1,601,900	−6.4% down 6.4%
Single-family attached	379.1	$1,143,400	−5.3% down 5.3%
Townhouse	338.6	$865,500	−5.2% down 5.2%
Apartment	323.4	$681,000	−1.7% down 1.7%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Georgina +17.5% up 17.5%
East Gwillimbury +15.4% up 15.4%
Richmond Hill +1.5% up 1.5%
Aurora −0.4% down 0.4%
Vaughan −1.3% down 1.3%

Bottom 5

Whitchurch-Stouffville −16.4% down 16.4%
Markham −6.0% down 6.0%
Newmarket −3.8% down 3.8%
Vaughan −1.3% down 1.3%
Aurora −0.4% down 0.4%

Sales, month-over-month

Top 5

East Gwillimbury −6.9% down 6.9%
Markham −22.1% down 22.1%
Richmond Hill −29.9% down 29.9%
Vaughan −29.9% down 29.9%
Aurora −32.0% down 32.0%

Bottom 5

Whitchurch-Stouffville −51.0% down 51.0%
Newmarket −41.2% down 41.2%
Georgina −35.6% down 35.6%
Aurora −32.0% down 32.0%
Vaughan −29.9% down 29.9%

York Region

King focus

King, York Region

$2,031,167

−$465,550 −18.6% down $465,550, 18.6% versus November 2022

Sales: 9
SP/LP: 95%
DOM: 34
SNLR: 45.0%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,353,037

+$181,024 +15.4% up $181,024, 15.4% versus November 2022

Sales: 27
SP/LP: 100%
DOM: 28
SNLR: 90.0%

Full history →

Vaughan focus

Vaughan, York Region

$1,341,780

−$17,904 −1.3% down $17,904, 1.3% versus November 2022

Sales: 138
SP/LP: 96%
DOM: 29
SNLR: 69.3%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,315,087

+$19,589 +1.5% up $19,589, 1.5% versus November 2022

Sales: 101
SP/LP: 99%
DOM: 26
SNLR: 80.2%

Full history →

Markham focus

Markham, York Region

$1,263,495

−$80,628 −6.0% down $80,628, 6.0% versus November 2022

Sales: 162
SP/LP: 105%
DOM: 22
SNLR: 85.3%

Full history →

Aurora focus

Aurora, York Region

$1,239,509

−$5,043 −0.4% down $5,043, 0.4% versus November 2022

Sales: 34
SP/LP: 99%
DOM: 18
SNLR: 77.3%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,226,856

−$239,828 −16.4% down $239,828, 16.4% versus November 2022

Sales: 25
SP/LP: 102%
DOM: 21
SNLR: 78.1%

Full history →

Newmarket focus

Newmarket, York Region

$1,049,043

−$41,853 −3.8% down $41,853, 3.8% versus November 2022

Sales: 50
SP/LP: 99%
DOM: 25
SNLR: 89.3%

Full history →

Georgina focus

Georgina, York Region

$899,793

+$133,773 +17.5% up $133,773, 17.5% versus November 2022

Sales: 29
SP/LP: 98%
DOM: 31
SNLR: 63.0%

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	9	−14 −60.9% down 14, 60.9% versus November 2022	$18.3M	$2,031,167	−$465,550 −18.6% down $465,550, 18.6% versus November 2022	$1,130,000	20	75	95%	34	58	45.0%	8.3
East Gwillimbury focus East Gwillimbury, York Region	27	−2 −6.9% down 2, 6.9% versus November 2022	$36.5M	$1,353,037	+$181,024 +15.4% up $181,024, 15.4% versus November 2022	$1,320,000	30	67	100%	28	47	90.0%	2.5
Vaughan focus Vaughan, York Region	138	−59 −29.9% down 59, 29.9% versus November 2022	$185.2M	$1,341,780	−$17,904 −1.3% down $17,904, 1.3% versus November 2022	$1,136,500	199	429	96%	29	47	69.3%	3.1
Richmond Hill focus Richmond Hill, York Region	101	−43 −29.9% down 43, 29.9% versus November 2022	$132.8M	$1,315,087	+$19,589 +1.5% up $19,589, 1.5% versus November 2022	$1,245,000	126	261	99%	26	35	80.2%	2.6
Markham focus Markham, York Region	162	−46 −22.1% down 46, 22.1% versus November 2022	$204.7M	$1,263,495	−$80,628 −6.0% down $80,628, 6.0% versus November 2022	$1,219,500	190	297	105%	22	29	85.3%	1.8
Aurora focus Aurora, York Region	34	−16 −32.0% down 16, 32.0% versus November 2022	$42.1M	$1,239,509	−$5,043 −0.4% down $5,043, 0.4% versus November 2022	$1,093,000	44	71	99%	18	26	77.3%	2.1
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	25	−26 −51.0% down 26, 51.0% versus November 2022	$30.7M	$1,226,856	−$239,828 −16.4% down $239,828, 16.4% versus November 2022	$1,170,000	32	82	102%	21	34	78.1%	3.3
Newmarket focus Newmarket, York Region	50	−35 −41.2% down 35, 41.2% versus November 2022	$52.5M	$1,049,043	−$41,853 −3.8% down $41,853, 3.8% versus November 2022	$953,500	56	88	99%	25	31	89.3%	1.8
Georgina focus Georgina, York Region	29	−16 −35.6% down 16, 35.6% versus November 2022	$26.1M	$899,793	+$133,773 +17.5% up $133,773, 17.5% versus November 2022	$836,000	46	97	98%	31	53	63.0%	3.3