Source: TRREB MarketWatch, March 2023

9 areas

York Region

March 2023

Headline indicators

All home types

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

$1,344,511

MoM +$41,791 +3.2% YoY −11.3%

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

$1,260,000

MoM +$45,000 +3.7% YoY −11.0%

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

$1,350,700

MoM +$27,500 +2.1% YoY −14.1%

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

1,248

MoM +338 +37.1% YoY −35.0%

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

$1.68B

MoM +$492,473,935 +41.5% YoY −42.4%

New listings — Properties newly listed during the month.

2,026

MoM +532 +35.6% YoY −49.3%

Active listings — Listings available at month end.

1,790

MoM +127 +7.6% YoY −19.3%

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

MoM −3 days −14.3% YoY +100.0%

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

MoM −6 days −19.4% YoY +108.3%

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

103%

MoM +1.0 pp +1.0% YoY −7.2%

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

61.6%

MoM +0.7 pp +1.1% YoY +28.1%

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.

1.4

MoM −0 −21.5% YoY +24.3%

Trend

13 months to March 2023

Average price

York Region average selling price over the 13 months ending March 2023.
Month	Average price
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
Jan '23	1285583
Feb '23	1302720
Mar '23	1344511

Sales

York Region sales over the 13 months ending March 2023.
Month	Sales
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
Jan '23	544
Feb '23	910
Mar '23	1248

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	1,248	+338 +37.1% up 338, 37.1% versus February 2023	$1,344,511	+$41,791 +3.2% up $41,791, 3.2% versus February 2023	$1,260,000	61.6%	1.4
Detached	682	+215 +46.0% up 215, 46.0% versus February 2023	$1,673,157	+$5,549 +0.3% up $5,549, 0.3% versus February 2023	$1,550,000	61.7%	1.5
Semi-detached	66	+15 +29.4% up 15, 29.4% versus February 2023	$1,146,265	+$59,567 +5.5% up $59,567, 5.5% versus February 2023	$1,170,000	74.2%	0.8
Att/row/townhouse	185	+51 +38.1% up 51, 38.1% versus February 2023	$1,173,782	−$9,698 −0.8% down $9,698, 0.8% versus February 2023	$1,175,000	62.1%	1.0
Condo townhouse	60	+8 +15.4% up 8, 15.4% versus February 2023	$944,370	+$61,247 +6.9% up $61,247, 6.9% versus February 2023	$897,500	51.3%	1.8
Condo apartment	239	+46 +23.8% up 46, 23.8% versus February 2023	$698,057	+$21,477 +3.2% up $21,477, 3.2% versus February 2023	$668,000	60.4%	1.8
Link	14	+3 +27.3% up 3, 27.3% versus February 2023	$1,323,061	+$46,779 +3.7% up $46,779, 3.7% versus February 2023	$1,357,500	77.8%	0.6
Co-op apartment	1	no change no change versus February 2023	$640,000	−$153,888 −19.4% down $153,888, 19.4% versus February 2023	$640,000	33.3%	1.0
Detached condo	1	no change no change versus February 2023	$1,392,450	+$33,450 +2.5% up $33,450, 2.5% versus February 2023	$1,392,450	—	0.0

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	367.5	$1,350,700	−14.1% down 14.1%
Single-family detached	373.2	$1,643,700	−14.6% down 14.6%
Single-family attached	392	$1,182,300	−13.5% down 13.5%
Townhouse	359.3	$918,300	−15.1% down 15.1%
Apartment	321.1	$676,300	−15.1% down 15.1%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Aurora +18.7% up 18.7%
East Gwillimbury +12.6% up 12.6%
Georgina +11.0% up 11.0%
Markham +6.3% up 6.3%
Richmond Hill +4.3% up 4.3%

Bottom 5

King −10.3% down 10.3%
Vaughan −0.7% down 0.7%
Whitchurch-Stouffville −0.3% down 0.3%
Newmarket +2.2% up 2.2%
Richmond Hill +4.3% up 4.3%

Sales, month-over-month

Top 5

Whitchurch-Stouffville +86.5% up 86.5%
Aurora +65.5% up 65.5%
Newmarket +57.3% up 57.3%
East Gwillimbury +44.1% up 44.1%
Markham +44.0% up 44.0%

Bottom 5

King −8.7% down 8.7%
Richmond Hill +19.8% up 19.8%
Georgina +26.5% up 26.5%
Vaughan +28.7% up 28.7%
Markham +44.0% up 44.0%

York Region

King focus

King, York Region

$1,925,399

−$220,526 −10.3% down $220,526, 10.3% versus February 2023

Sales: 21
SP/LP: 96%
DOM: 30
SNLR: 30.4%

Full history →

Aurora focus

Aurora, York Region

$1,452,295

+$228,796 +18.7% up $228,796, 18.7% versus February 2023

Sales: 91
SP/LP: 101%
DOM: 12
SNLR: 71.1%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,449,154

+$60,158 +4.3% up $60,158, 4.3% versus February 2023

Sales: 200
SP/LP: 105%
DOM: 18
SNLR: 56.7%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,385,635

+$154,821 +12.6% up $154,821, 12.6% versus February 2023

Sales: 49
SP/LP: 102%
DOM: 26
SNLR: 52.7%

Full history →

Vaughan focus

Vaughan, York Region

$1,340,955

−$9,206 −0.7% down $9,206, 0.7% versus February 2023

Sales: 327
SP/LP: 100%
DOM: 21
SNLR: 61.9%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,334,216

−$3,597 −0.3% down $3,597, 0.3% versus February 2023

Sales: 69
SP/LP: 101%
DOM: 17
SNLR: 54.8%

Full history →

Markham focus

Markham, York Region

$1,319,552

+$78,202 +6.3% up $78,202, 6.3% versus February 2023

Sales: 311
SP/LP: 108%
DOM: 16
SNLR: 67.3%

Full history →

Newmarket focus

Newmarket, York Region

$1,200,178

+$25,342 +2.2% up $25,342, 2.2% versus February 2023

Sales: 118
SP/LP: 103%
DOM: 16
SNLR: 78.2%

Full history →

Georgina focus

Georgina, York Region

$1,049,603

+$104,042 +11.0% up $104,042, 11.0% versus February 2023

Sales: 62
SP/LP: 99%
DOM: 23
SNLR: 53.5%

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	21	−2 −8.7% down 2, 8.7% versus February 2023	$40.4M	$1,925,399	−$220,526 −10.3% down $220,526, 10.3% versus February 2023	$1,625,000	69	103	96%	30	42	30.4%	4.9
Aurora focus Aurora, York Region	91	+36 +65.5% up 36, 65.5% versus February 2023	$132.2M	$1,452,295	+$228,796 +18.7% up $228,796, 18.7% versus February 2023	$1,425,000	128	92	101%	12	19	71.1%	1.0
Richmond Hill focus Richmond Hill, York Region	200	+33 +19.8% up 33, 19.8% versus February 2023	$289.8M	$1,449,154	+$60,158 +4.3% up $60,158, 4.3% versus February 2023	$1,320,400	353	348	105%	18	26	56.7%	1.7
East Gwillimbury focus East Gwillimbury, York Region	49	+15 +44.1% up 15, 44.1% versus February 2023	$67.9M	$1,385,635	+$154,821 +12.6% up $154,821, 12.6% versus February 2023	$1,410,000	93	90	102%	26	33	52.7%	1.8
Vaughan focus Vaughan, York Region	327	+73 +28.7% up 73, 28.7% versus February 2023	$438.5M	$1,340,955	−$9,206 −0.7% down $9,206, 0.7% versus February 2023	$1,238,880	528	493	100%	21	30	61.9%	1.5
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	69	+32 +86.5% up 32, 86.5% versus February 2023	$92.1M	$1,334,216	−$3,597 −0.3% down $3,597, 0.3% versus February 2023	$1,256,000	126	116	101%	17	24	54.8%	1.7
Markham focus Markham, York Region	311	+95 +44.0% up 95, 44.0% versus February 2023	$410.4M	$1,319,552	+$78,202 +6.3% up $78,202, 6.3% versus February 2023	$1,280,000	462	341	108%	16	20	67.3%	1.1
Newmarket focus Newmarket, York Region	118	+43 +57.3% up 43, 57.3% versus February 2023	$141.6M	$1,200,178	+$25,342 +2.2% up $25,342, 2.2% versus February 2023	$1,145,000	151	93	103%	16	23	78.2%	0.8
Georgina focus Georgina, York Region	62	+13 +26.5% up 13, 26.5% versus February 2023	$65.1M	$1,049,603	+$104,042 +11.0% up $104,042, 11.0% versus February 2023	$877,500	116	114	99%	23	30	53.5%	1.8