Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,340,032
MoM +$13,499 +1.0% up $13,499, 1.0% versus April 2024 YoY −2.7% down 2.7% versus May 2023
Source: TRREB MarketWatch, May 2024
9 areas
York Region
May 2024
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$1,240,000
MoM −$20,000 −1.6% down $20,000, 1.6% versus April 2024 YoY −4.4% down 4.4% versus May 2023
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$1,359,000
MoM −$16,500 −1.2% down $16,500, 1.2% versus April 2024 YoY −3.0% down 3.0% versus May 2023
Sales — Firm transactions reported through the MLS® System during the month.
1,198
MoM −72 −5.7% down 72, 5.7% versus April 2024 YoY −29.6% down 29.6% versus May 2023
Dollar volume — Total value of all sales in the month.
$1.61B
MoM −$79,338,414 −4.7% down $79,338,414, 4.7% versus April 2024 YoY −31.5% down 31.5% versus May 2023
New listings — Properties newly listed during the month.
3,177
MoM +141 +4.6% up 141, 4.6% versus April 2024 YoY +11.6% up 11.6% versus May 2023
Active listings — Listings available at month end.
3,925
MoM +612 +18.5% up 612, 18.5% versus April 2024 YoY +84.5% up 84.5% versus May 2023
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
19
MoM −1 day −5.0% down 1 day, 5.0% versus April 2024 YoY +35.7% up 35.7% versus May 2023
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
28
MoM no change no change versus April 2024 YoY +47.4% up 47.4% versus May 2023
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
101%
MoM −1.0 pp −1.0% down 1.0 pp, 1.0% versus April 2024 YoY −5.6% down 5.6% versus May 2023
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
37.7%
MoM −4.1 pp −9.9% down 4.1 pp, 9.9% versus April 2024 YoY −36.9% down 36.9% versus May 2023
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.
3.3
MoM +1 +25.6% up 1, 25.6% versus April 2024 YoY +162.2% up 162.2% versus May 2023
Trend
13 months to May 2024
Average price
| Month | Average price |
|---|---|
| May '23 | 1377590 |
| Jun '23 | 1391215 |
| Jul '23 | 1356977 |
| Aug '23 | 1339742 |
| Sep '23 | 1330636 |
| Oct '23 | 1293179 |
| Nov '23 | 1286617 |
| Dec '23 | 1281020 |
| Jan '24 | 1210705 |
| Feb '24 | 1324423 |
| Mar '24 | 1334655 |
| Apr '24 | 1326533 |
| May '24 | 1340032 |
Sales
| Month | Sales |
|---|---|
| May '23 | 1702 |
| Jun '23 | 1302 |
| Jul '23 | 919 |
| Aug '23 | 921 |
| Sep '23 | 795 |
| Oct '23 | 848 |
| Nov '23 | 794 |
| Dec '23 | 612 |
| Jan '24 | 775 |
| Feb '24 | 1043 |
| Mar '24 | 1250 |
| Apr '24 | 1270 |
| May '24 | 1198 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 1,198 | −72 −5.7% down 72, 5.7% versus April 2024 | $1,340,032 | +$13,499 +1.0% up $13,499, 1.0% versus April 2024 | $1,240,000 | 37.7% | 3.3 |
| Detached | 626 | −1 −0.2% down 1, 0.2% versus April 2024 | $1,692,777 | −$18,414 −1.1% down $18,414, 1.1% versus April 2024 | $1,550,000 | 35.1% | 3.6 |
| Semi-detached | 72 | −16 −18.2% down 16, 18.2% versus April 2024 | $1,167,226 | +$34,493 +3.0% up $34,493, 3.0% versus April 2024 | $1,195,000 | 45.9% | 2.0 |
| Att/row/townhouse | 181 | +1 +0.6% up 1, 0.6% versus April 2024 | $1,165,567 | −$37,075 −3.1% down $37,075, 3.1% versus April 2024 | $1,158,888 | 41.4% | 2.4 |
| Condo townhouse | 71 | −11 −13.4% down 11, 13.4% versus April 2024 | $920,035 | +$11,756 +1.3% up $11,756, 1.3% versus April 2024 | $875,800 | 46.4% | 3.0 |
| Condo apartment | 228 | −47 −17.1% down 47, 17.1% versus April 2024 | $700,815 | −$17,318 −2.4% down $17,318, 2.4% versus April 2024 | $662,500 | 36.8% | 3.8 |
| Link | 19 | +1 +5.6% up 1, 5.6% versus April 2024 | $1,261,246 | −$53,100 −4.0% down $53,100, 4.0% versus April 2024 | $1,295,000 | 70.4% | 1.1 |
| Detached condo | 1 | n/a not available, prior month not on file versus April 2024 | $1,600,000 | n/a not available, prior month not on file versus April 2024 | $1,600,000 | 100.0% | 0.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 372.3 | $1,359,000 | −3.0% down 3.0% |
| Single-family detached | 397.4 | $1,665,700 | −2.0% down 2.0% |
| Single-family attached | 406.3 | $1,211,200 | −1.4% down 1.4% |
| Townhouse | 379.7 | $954,100 | −2.7% down 2.7% |
| Apartment | 337.8 | $684,000 | −2.6% down 2.6% |
Movers within York Region
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- King +13.3% up 13.3%
- Georgina +10.1% up 10.1%
- Aurora +8.4% up 8.4%
- Vaughan +4.3% up 4.3%
- Richmond Hill +1.7% up 1.7%
Bottom 5
- Markham −4.8% down 4.8%
- East Gwillimbury −0.4% down 0.4%
- Newmarket −0.3% down 0.3%
- Whitchurch-Stouffville −0.1% down 0.1%
- Richmond Hill +1.7% up 1.7%
Sales, month-over-month
Top 5
- Georgina +37.9% up 37.9%
- King +16.7% up 16.7%
- Aurora no change no change
- Markham −6.0% down 6.0%
- Vaughan −6.4% down 6.4%
Bottom 5
- Whitchurch-Stouffville −20.9% down 20.9%
- East Gwillimbury −18.5% down 18.5%
- Newmarket −11.4% down 11.4%
- Richmond Hill −8.1% down 8.1%
- Vaughan −6.4% down 6.4%
York Region
King focus
King, York Region
$2,179,952
+$255,896 +13.3% up $255,896, 13.3% versus April 2024
- Sales
- 21
- SP/LP
- 96%
- DOM
- 27
- SNLR
- 23.9%
Richmond Hill focus
Richmond Hill, York Region
$1,507,973
+$25,007 +1.7% up $25,007, 1.7% versus April 2024
- Sales
- 203
- SP/LP
- 102%
- DOM
- 19
- SNLR
- 34.0%
Aurora focus
Aurora, York Region
$1,443,822
+$112,049 +8.4% up $112,049, 8.4% versus April 2024
- Sales
- 73
- SP/LP
- 102%
- DOM
- 14
- SNLR
- 34.1%
Whitchurch-Stouffville focus
Whitchurch-Stouffville, York Region
$1,394,189
−$1,006 −0.1% down $1,006, 0.1% versus April 2024
- Sales
- 53
- SP/LP
- 100%
- DOM
- 21
- SNLR
- 31.0%
Vaughan focus
Vaughan, York Region
$1,334,545
+$54,507 +4.3% up $54,507, 4.3% versus April 2024
- Sales
- 339
- SP/LP
- 100%
- DOM
- 20
- SNLR
- 39.6%
Markham focus
Markham, York Region
$1,292,683
−$65,484 −4.8% down $65,484, 4.8% versus April 2024
- Sales
- 283
- SP/LP
- 105%
- DOM
- 20
- SNLR
- 43.9%
East Gwillimbury focus
East Gwillimbury, York Region
$1,290,349
−$4,931 −0.4% down $4,931, 0.4% versus April 2024
- Sales
- 53
- SP/LP
- 98%
- DOM
- 18
- SNLR
- 34.0%
Newmarket focus
Newmarket, York Region
$1,173,306
−$4,069 −0.3% down $4,069, 0.3% versus April 2024
- Sales
- 93
- SP/LP
- 102%
- DOM
- 16
- SNLR
- 39.7%
Georgina focus
Georgina, York Region
$980,293
+$90,109 +10.1% up $90,109, 10.1% versus April 2024
- Sales
- 80
- SP/LP
- 99%
- DOM
- 22
- SNLR
- 36.9%
All York Region areas
9 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| King focus King, York Region | 21 | +3 +16.7% up 3, 16.7% versus April 2024 | $45.8M | $2,179,952 | +$255,896 +13.3% up $255,896, 13.3% versus April 2024 | $1,700,000 | 88 | 162 | 96% | 27 | 32 | 23.9% | 7.7 |
| Richmond Hill focus Richmond Hill, York Region | 203 | −18 −8.1% down 18, 8.1% versus April 2024 | $306.1M | $1,507,973 | +$25,007 +1.7% up $25,007, 1.7% versus April 2024 | $1,330,000 | 597 | 783 | 102% | 19 | 28 | 34.0% | 3.9 |
| Aurora focus Aurora, York Region | 73 | no change no change versus April 2024 | $105.4M | $1,443,822 | +$112,049 +8.4% up $112,049, 8.4% versus April 2024 | $1,255,000 | 214 | 228 | 102% | 14 | 22 | 34.1% | 3.1 |
| Whitchurch-Stouffville focus Whitchurch-Stouffville, York Region | 53 | −14 −20.9% down 14, 20.9% versus April 2024 | $73.9M | $1,394,189 | −$1,006 −0.1% down $1,006, 0.1% versus April 2024 | $1,180,000 | 171 | 228 | 100% | 21 | 30 | 31.0% | 4.3 |
| Vaughan focus Vaughan, York Region | 339 | −23 −6.4% down 23, 6.4% versus April 2024 | $452.4M | $1,334,545 | +$54,507 +4.3% up $54,507, 4.3% versus April 2024 | $1,272,000 | 855 | 1,064 | 100% | 20 | 30 | 39.6% | 3.1 |
| Markham focus Markham, York Region | 283 | −18 −6.0% down 18, 6.0% versus April 2024 | $365.8M | $1,292,683 | −$65,484 −4.8% down $65,484, 4.8% versus April 2024 | $1,265,000 | 645 | 759 | 105% | 20 | 28 | 43.9% | 2.7 |
| East Gwillimbury focus East Gwillimbury, York Region | 53 | −12 −18.5% down 12, 18.5% versus April 2024 | $68.4M | $1,290,349 | −$4,931 −0.4% down $4,931, 0.4% versus April 2024 | $1,150,000 | 156 | 175 | 98% | 18 | 32 | 34.0% | 3.3 |
| Newmarket focus Newmarket, York Region | 93 | −12 −11.4% down 12, 11.4% versus April 2024 | $109.1M | $1,173,306 | −$4,069 −0.3% down $4,069, 0.3% versus April 2024 | $1,138,000 | 234 | 253 | 102% | 16 | 21 | 39.7% | 2.7 |
| Georgina focus Georgina, York Region | 80 | +22 +37.9% up 22, 37.9% versus April 2024 | $78.4M | $980,293 | +$90,109 +10.1% up $90,109, 10.1% versus April 2024 | $881,250 | 217 | 273 | 99% | 22 | 34 | 36.9% | 3.4 |