York Market Analysis

We know your market and here’s where we prove it.

Below you’ll find the latest statistics on what’s going on in the York area and our take on what it means.  We do that by answering three questions for you.

Let’s get started.

Let’s review the big picture before we get into the details below. In April, sales in York rose by about 16% compared to March. At the same time, the average sale price dropped by about $17,000. On the supply side, new listings rose by about 20% compared to March. When we put it all together, April looked busier, but not necessarily stronger, as more sales came with more new listings while the average sale price still moved lower.

Here’s the latest charts for each of the three big categories (number of sales, average sale price and number of new listings), going back month by month for the last two years.

Let’s begin by looking at the number of sales that happened in the last month.  This is a fundamental stat as it tells us how many deals are actually taking place in the market.  We’re particularly focused on how busy this month was compared to the last month as well as any trends we see in the number of sales that have been taking place recently.  It’s also interesting to see if this a typical month in terms of sales, which we do by looking at the chart below and seeing how it compares to the same time last year and the year before.

When we review the number of sales in York, we see that there were 1,024 sales in April, compared to 885 sales in March. That was a big increase, with sales up about 16% from March, or 139 sales higher month over month. Compared to April of last year, sales were up about 13%, or 115 sales higher.

The average sale price tends to fluctuate month by month and there are definitely seasonal variability.  Using the chart below, we can look for any recent market trends in terms of pricing rising or dropping for a number of months and look back at the same time last year and two years ago to see what sort of annual appreciation we’ve been seeing for sale prices.

While how many sales took place is important, the big question is what happened to the average sale price in York in April? In March, the average price was approximately $1,149,000, and in April, it was about $1,132,000. That was a small decrease, with the average price down about 2% from March, or $17,000 lower month over month. Compared to April of last year, the average price was down about 10%, or roughly $132,000.

Turning to the supply side, when we review the number of new listings that came onto the market in York in April, we see that there were 3,411 new listings, compared to 2,847 new listings in March. That was a big increase, with new listings up about 20% from March, or 564 new listings higher month over month. Compared to April of last year, new listings were down about 1%, or 34 new listings lower.

To understand how it felt to buy or sell in York in April, we can look at how quickly homes were selling and how close sellers were getting to their list price. Homes were selling at the same pace as in March, so the pace of the market would have felt about the same. At the same time, sellers were getting slightly closer to their list price, but the market probably would not have felt much more competitive. Let’s get into the details below.

Here’s the latest charts for these two categories (average days on market and average sale to list price ratio), going back month by month for the last two years.

One of the best indicators of how a market feels is how long homes remain on the market.  The quicker they fly off the market, the more frantic and stressful it can be for both sides.  While it may seem like that is always positive for sellers, make no mistake, it can be stressful when sellers receive lots of attention or offers quickly.  The fear of making a mistake and pressure to decide quickly is hard on both buyers and sellers.

Here’s the latest data on how many days on market it took for homes to sell in York.

One of the clearest indicators of how it felt to be buying or selling in York in April is how long it took for a home to sell. The average days on market in York in April was 30 days, compared to 30 days in March. That means the time it took homes to sell was unchanged from the previous month. In practical terms, the pace of the market would have felt about the same. Compared to April of last year, average days on market was up about 9%, or 3 days higher.

The other statistic that gives us a good idea of how it feels to buy and sell in this month’s market is the sale to list price ratio.  This is a percentage that tells us how close to the price the sellers wanted they actually received from buyers.  If the sale to list price ratio is 100%, it means buyers paid exactly what the sellers were asking for the property.  If it’s under 100%, then the buyers negotiated a discount and if it’s over 100%, then the sellers got even more than they were asking for as a sale price.

Now that we’re clear on the meaning, here’s the average sale to list price ratio each month for the last couple of years.

The average sale-to-list price ratio (how much of their list price sellers are actually getting when they sell) in York in April was 98.7%, compared to 98.3% in March. That was a very small increase, with the ratio up 0.4 percentage points from March. While this stat is influenced by sellers listing below market value and setting offer dates, in practical terms, the market probably would not have felt much more competitive. Compared to April of last year, the sale-to-list price ratio was down 1 percentage point.

To forecast where prices may go next in York, we’ve reviewed three predictive stats: the sale-to-new-listing ratio, active listings, and months of inventory. Together, the indicators give a clear signal and suggest strong downward pressure on average prices in May. Our prediction is that the average price in York in May will fall by about 2% to 4%. In dollar terms, using the midpoint of that range, that would mean a drop of somewhere around $34,000 from April’s average price. That would put the May average price in York at about $1,098,000.

Here’s three charts for our predictive stats, looking at the Sales to New Listing Ratio, number of Active Listings and Months of Inventory.  It is interesting to see fluctuations over the past two years but we’re particularly focused on the most recent month as that is the best predictor of what is coming next.

Let’s start with an acronym!  The Sales to New Listing Ratio (SNLR) tells us how many of the sales we saw this month were new listings in the month versus existing listings that had been on the market from previous months.  It’s considered a strong predictor of what happens in the next month because it tells us if inventory is sticking around or selling quickly.

• If the SNLR is around 50%, we have a balanced market, with sales equal to half the number of new listings coming on the market. A good amount of sales and a good amount of new options means reasonable price increases.
• Over 50% is heading towards a seller’s market, as we have sales outpacing the new inventory coming on the market. In extreme cases, we can have an SNLR of over 100%, which means we saw more sales in a month than inventory came on the market, meaning next month is very likely to see a price increase.
• Under 50% tells us that the we are headed towards a buyer’s market. The lower the SNLR, the more of a net increase in properties available the following month.  This means prices typically drop as buyers react to having lots of choices by pushing down the price they are willing to pay.

Let’s look at the latest SNLR in to see where we’ve landed and what sort of market we start next month with in York.

The first of our three predictive stats is the sales-to-new-listings ratio, or SNLR, which compares the number of sales to the number of new listings coming onto the market. In April, York’s SNLR was 30%, down 1 percentage point from 31% in March. That puts York in a buyer’s market, where new supply is outpacing demand. On its own, the SNLR is pointing to some downward pressure on prices heading into May.

As we turn to active listings, we need to be clear about what that means.  The number used for active listings is the number of actual, currently for sale properties at the end of the month.  This number is therefore comprised of the older listings already on the market at the start of the month, plus any new listings that didn’t sell in the month, less any older or new listings that did sell before the end of the month.

Fewer active listings tend to indicates that prices will rise as buyers battle for the properties on the market.  Let’s take a look at the latest numbers.

The second predictive stat is active listings, which tells us how many properties buyers had to choose from at the start of May. In York at the end of April, there were 5,185 active listings, compared to 4,547 at the end of March. That was a meaningful change, with active listings up about 14% from March, or 638 listings higher month over month. Compared to April of last year, active listings were down about 6%, or 317 listings lower. Looking at the last two years, the current level of active listings is normal. Overall, the number of active listings predicts that prices should drop in May.

Finally, let’s look at the Months of Inventory in York.

This statistic tracks how long it would take for all houses on the market in York to sell if we stopped having any new listings.  The higher the MOI, the more of a buyer’s market, the lower the MOI, the more of a seller’s market.  Somewhere between three to four months is considered a balanced market.

How is York doing in terms of months of inventory?  Remember that the lower the levels of inventory, the more likely it is that prices will rise.

The third predictive stat is months of inventory, which tells us how long it would take to sell through the available listings at the current pace of sales and, as a result, gives us a useful read on whether buyers are gaining or losing leverage. In York at the end of April, there were 5.1 months of inventory, which was unchanged from 5.1 months at the end of March. This April’s level was lower than April of last year by 1.0 months, or about 16%. That puts the current months of inventory between the last two April levels, with April 2024 at 2.8 months and April 2025 at 6.1 months. As such, we’d say that supply conditions are normal for this time of year. Broadly speaking, with 5.1 months of inventory available for buyers, that still leaves enough supply relative to sales that prices should drop in May.

There is a lot of information in the above charts and analysis and it’s worth taking a step back to summarize what happened and to understand what it all means.

April saw stronger sales, lower prices, and more new listings.

Overall, April was a better month than March in terms of activity, although sales are still below what we saw two years ago. Sales rose 16% month-over-month (885 to 1,024, about 139 more), which is above April 2025 (909) and below April 2024 (1,290). For condo apartments, sales rose 12% (171 to 191, just 20 more).

The average sale price fell 1.5% ($1.15M to $1.13M, about $20,000 lower). For condo apartments, the average price rose 1.3% ($610,000 to $620,000, about $10,000 higher).

New listings rose 20% overall (2,847 to 3,411). For condo apartments, new listings rose 7% (563 to 604). That means supply grew faster than demand overall, which can limit seller pricing power if the new supply is not absorbed quickly.

York felt similar in pace, but a bit more competitive.

Overall, April was effectively unchanged from March. Average days on market held at 30 days, compared to 30 days in March.

That leaves the overall pace essentially unchanged. Compared with the last two April levels, the overall market is slower than April 2025, when homes took 28 days on average to sell, and slower than April 2024, when homes took 21 days on average to sell. For condo apartments, days on market rose to 42 days from 39. Compared with the last two April levels, that is slower than April 2025, when condo apartments took 31 days on average to sell, and slower than April 2024, when they took 27 days on average to sell.

Sale-to-list shows a different story between the overall market and condo apartments. Overall, it was up at 98.7% (up from 98.3%). For condo apartments, sale-to-list was down at 97.1% (down from 97.6%). Overall, that points to a somewhat more competitive market, even though condo apartments moved in the other direction.

May prices will drop in York, with condo apartments also facing strong downward pressure.

When we review three predictive stats (the sale to new listing ratio, active listings, and months of inventory), we see that the SNLR fell to 30% from 31%, active listings rose to 5,185 (up 14%), and months of inventory held at 5.1 months. Taken together, the indicators are giving a clear signal of strong downward pressure on average prices in May. Our prediction is that the average price in York in May will fall by about 2% to 4%. In dollar terms, using the midpoint of that range, that would mean a drop of somewhere around $34,000 from April’s average price. That would put the May average price in York at about $1,098,000.

For condo apartments, conditions are weaker. The SNLR was 32%, active listings were 1,069 (up 7%), and months of inventory moved to 5.6 months. For condo apartments, these stats are pointing pretty clearly in one direction, with strong downward pressure on average condo prices. Based on that, our prediction is that the average condo price in York will fall by about 2% to 4% in May. In dollar terms, using the midpoint of that range, that would mean a drop of somewhere around $19,000 from April’s average condo price, putting the May average at about $600,000.

We hope you found this review and analysis of York helpful and check back in near the start of the next month for the latest update on what is happening in York!

We hope you found this review of the latest market stats helpful!  Within the Refined team we work throughout the GTA and we often partner with local agents we know and trust to make sure our clients get the best of both worlds.  If you’re considering buying or selling and want to work with people who understand your market, don’t hesitate to get in touch with us.  Otherwise, check back near the start of next month to see the latest York market analysis!