Source: TRREB MarketWatch, May 2023

9 areas

York Region

May 2023

Headline indicators

All home types

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

$1,377,590

MoM +$7,866 +0.6% YoY +0.6%

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

$1,296,800

MoM −$3,200 −0.2% YoY +2.1%

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

$1,409,300

MoM +$29,600 +2.1% YoY −5.2%

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

1,702

MoM +332 +24.2% YoY +54.7%

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

$2.34B

MoM +$468,136,253 +24.9% YoY +55.6%

New listings — Properties newly listed during the month.

2,847

MoM +779 +37.7% YoY −9.6%

Active listings — Listings available at month end.

2,127

MoM +315 +17.4% YoY −28.0%

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

MoM −2 days −12.5% YoY no change

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

MoM −4 days −17.4% YoY −9.5%

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

107%

MoM +2.0 pp +1.9% YoY +5.9%

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

59.8%

MoM −6.5 pp −9.8% YoY +71.2%

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.

1.3

MoM −0 −5.5% YoY −53.5%

Trend

13 months to May 2023

Average price

York Region average selling price over the 13 months ending May 2023.
Month	Average price
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
Apr '23	1369724
May '23	1377590

Sales

York Region sales over the 13 months ending May 2023.
Month	Sales
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
Apr '23	1370
May '23	1702

By home type

Home type	Sales	MoM	Average	MoM	Median	SNLR	MOI
All home types	1,702	+332 +24.2% up 332, 24.2% versus April 2023	$1,377,590	+$7,866 +0.6% up $7,866, 0.6% versus April 2023	$1,296,800	59.8%	1.3
Detached	881	+133 +17.8% up 133, 17.8% versus April 2023	$1,730,724	+$35,021 +2.1% up $35,021, 2.1% versus April 2023	$1,610,000	54.9%	1.5
Semi-detached	115	+47 +69.1% up 47, 69.1% versus April 2023	$1,235,459	+$70,545 +6.1% up $70,545, 6.1% versus April 2023	$1,260,000	72.3%	0.7
Att/row/townhouse	265	+63 +31.2% up 63, 31.2% versus April 2023	$1,246,460	+$14,939 +1.2% up $14,939, 1.2% versus April 2023	$1,250,000	68.8%	0.8
Condo townhouse	98	+17 +21.0% up 17, 21.0% versus April 2023	$954,200	−$13,977 −1.4% down $13,977, 1.4% versus April 2023	$901,000	66.2%	1.1
Condo apartment	332	+74 +28.7% up 74, 28.7% versus April 2023	$717,618	+$1,684 +0.2% up $1,684, 0.2% versus April 2023	$680,000	62.5%	1.3
Link	8	−5 −38.5% down 5, 38.5% versus April 2023	$1,391,250	+$81,958 +6.3% up $81,958, 6.3% versus April 2023	$1,362,500	44.4%	1.5
Detached condo	3	n/a not available, prior month not on file versus April 2023	$1,536,667	n/a not available, prior month not on file versus April 2023	$1,650,000	150.0%	0.0

MLS® Home Price Index

Category	Index	Benchmark	YoY
Composite	381.8	$1,409,300	−5.2% down 5.2%
Single-family detached	404	$1,715,700	−5.1% down 5.1%
Single-family attached	411.2	$1,237,800	−4.4% down 4.4%
Townhouse	383.9	$971,700	−6.4% down 6.4%
Apartment	340.4	$707,100	−9.6% down 9.6%

Movers within York Region

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

Newmarket +8.0% up 8.0%
Richmond Hill +6.0% up 6.0%
East Gwillimbury +4.4% up 4.4%
Aurora +3.1% up 3.1%
Markham −0.2% down 0.2%

Bottom 5

Whitchurch-Stouffville −10.2% down 10.2%
Georgina −5.3% down 5.3%
King −4.6% down 4.6%
Vaughan −0.5% down 0.5%
Markham −0.2% down 0.2%

Sales, month-over-month

Top 5

Georgina +71.9% up 71.9%
East Gwillimbury +44.4% up 44.4%
King +37.5% up 37.5%
Vaughan +27.4% up 27.4%
Whitchurch-Stouffville +26.8% up 26.8%

Bottom 5

Newmarket −5.0% down 5.0%
Richmond Hill +14.7% up 14.7%
Aurora +17.2% up 17.2%
Markham +25.9% up 25.9%
Whitchurch-Stouffville +26.8% up 26.8%

York Region

King focus

King, York Region

$2,059,773

−$98,450 −4.6% down $98,450, 4.6% versus April 2023

Sales: 44
SP/LP: 97%
DOM: 20
SNLR: 48.4%

Full history →

Richmond Hill focus

Richmond Hill, York Region

$1,495,959

+$84,596 +6.0% up $84,596, 6.0% versus April 2023

Sales: 281
SP/LP: 107%
DOM: 15
SNLR: 58.2%

Full history →

Aurora focus

Aurora, York Region

$1,418,397

+$42,883 +3.1% up $42,883, 3.1% versus April 2023

Sales: 102
SP/LP: 106%
DOM: 11
SNLR: 63.0%

Full history →

Markham focus

Markham, York Region

$1,415,877

−$2,144 −0.2% down $2,144, 0.2% versus April 2023

Sales: 437
SP/LP: 113%
DOM: 12
SNLR: 64.1%

Full history →

East Gwillimbury focus

East Gwillimbury, York Region

$1,387,619

+$58,871 +4.4% up $58,871, 4.4% versus April 2023

Sales: 78
SP/LP: 104%
DOM: 14
SNLR: 59.1%

Full history →

Vaughan focus

Vaughan, York Region

$1,362,298

−$7,162 −0.5% down $7,162, 0.5% versus April 2023

Sales: 446
SP/LP: 104%
DOM: 14
SNLR: 58.1%

Full history →

Whitchurch-Stouffville focus

Whitchurch-Stouffville, York Region

$1,259,815

−$142,444 −10.2% down $142,444, 10.2% versus April 2023

Sales: 90
SP/LP: 105%
DOM: 17
SNLR: 58.8%

Full history →

Newmarket focus

Newmarket, York Region

$1,248,166

+$92,452 +8.0% up $92,452, 8.0% versus April 2023

Sales: 114
SP/LP: 106%
DOM: 10
SNLR: 57.9%

Full history →

Georgina focus

Georgina, York Region

$897,777

−$49,758 −5.3% down $49,758, 5.3% versus April 2023

Sales: 110
SP/LP: 103%
DOM: 15
SNLR: 61.5%

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	44	+12 +37.5% up 12, 37.5% versus April 2023	$90.6M	$2,059,773	−$98,450 −4.6% down $98,450, 4.6% versus April 2023	$1,887,500	91	122	97%	20	31	48.4%	2.8
Richmond Hill focus Richmond Hill, York Region	281	+36 +14.7% up 36, 14.7% versus April 2023	$420.4M	$1,495,959	+$84,596 +6.0% up $84,596, 6.0% versus April 2023	$1,400,800	483	394	107%	15	20	58.2%	1.4
Aurora focus Aurora, York Region	102	+15 +17.2% up 15, 17.2% versus April 2023	$144.7M	$1,418,397	+$42,883 +3.1% up $42,883, 3.1% versus April 2023	$1,277,500	162	108	106%	11	17	63.0%	1.1
Markham focus Markham, York Region	437	+90 +25.9% up 90, 25.9% versus April 2023	$618.7M	$1,415,877	−$2,144 −0.2% down $2,144, 0.2% versus April 2023	$1,390,000	682	429	113%	12	15	64.1%	1.0
East Gwillimbury focus East Gwillimbury, York Region	78	+24 +44.4% up 24, 44.4% versus April 2023	$108.2M	$1,387,619	+$58,871 +4.4% up $58,871, 4.4% versus April 2023	$1,312,500	132	99	104%	14	21	59.1%	1.3
Vaughan focus Vaughan, York Region	446	+96 +27.4% up 96, 27.4% versus April 2023	$607.6M	$1,362,298	−$7,162 −0.5% down $7,162, 0.5% versus April 2023	$1,303,000	768	586	104%	14	22	58.1%	1.3
Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region	90	+19 +26.8% up 19, 26.8% versus April 2023	$113.4M	$1,259,815	−$142,444 −10.2% down $142,444, 10.2% versus April 2023	$1,170,000	153	123	105%	17	22	58.8%	1.4
Newmarket focus Newmarket, York Region	114	−6 −5.0% down 6, 5.0% versus April 2023	$142.3M	$1,248,166	+$92,452 +8.0% up $92,452, 8.0% versus April 2023	$1,209,000	197	126	106%	10	13	57.9%	1.1
Georgina focus Georgina, York Region	110	+46 +71.9% up 46, 71.9% versus April 2023	$98.8M	$897,777	−$49,758 −5.3% down $49,758, 5.3% versus April 2023	$865,000	179	140	103%	15	21	61.5%	1.3