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 September, York saw 902 sales, about 9% fewer than in August. The average sale price fell by about $51,000, while new listings increased by about 29%. When we put it all together, fewer buyers completed purchases even as more would-be sellers listed their homes, and the average sale price 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 902 sales in September, compared to 987 sales in August. That was a meaningful decrease, with sales down about 9% (85 sales) on a month over month basis. Compared to September of last year, sales were down about 12%, or 128 sales lower.

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 September? In August, the average price was approximately $1,188,000, and in September, it was about $1,136,000. That was a modest decrease, with the average price down about 4% from August, or $51,000 lower month over month. Compared to September of last year, the average price was down about 4%, or roughly $45,000.

Turning to the supply side, when we review the number of new listings that came onto the market in York in September, there were 3,208 new listings, compared to 2,492 new listings in August. That was a big increase, with new listings up about 29% from August, or 716 new listings higher month over month. Compared to September of last year, new listings were down about 11%, or 405 new listings lower.

To understand how it felt to buy or sell in York in September, we look at how quickly homes were selling and how close sellers were getting to their list price. The pace of the market dropped in September, with homes selling somewhat slower than in August, so it would have felt a bit slower. At the same time, sellers were getting slightly closer to their list price, though the market would hardly have felt 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 September is how long it took for a home to sell. The average days on market in York in September was 39 days, compared to 37 days in August. That was a modest increase, with average days on market up about 5% from August, or 2 days higher month over month. In practical terms, the market would have felt somewhat slower. Compared to September of last year, average days on market was up about 8%, 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 September was 98.2%, compared to 97.8% in August. That was a very small increase, with the ratio up 0.4 percentage points from August. 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 September of last year, the sale-to-list price ratio was essentially unchanged.

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. Taken together, the indicators point clearly to very strong downward pressure on average prices in October. Our prediction is that the average price in York in October will fall by about 4% to 6%. In dollar terms, using the midpoint of that range, that would mean a drop of somewhere around $57,000 from September’s average price. That would put the October average price in York at about $1,080,000.

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 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 September, York’s SNLR was 28%, down 12 percentage points from 40% in August. That puts York in a buyer’s market, where new supply is outpacing demand. On its own, the SNLR is pointing to strong downward pressure on prices heading into October.

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 October. In York at the end of September, there were 5,530 active listings, compared to 5,466 at the end of August. That was a small change, with active listings up about 1% from August, or 64 listings higher month over month. Compared to September of last year, active listings were down about 9%, or 518 listings lower. The current count sits toward the higher end of its two-year range. The absolute level of active listings remains high enough relative to the last two years to put downward pressure on prices in October.

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 September, there were 6.1 months of inventory, which was up about 11% from August, or 0.6 months higher month over month. This September’s level was higher than September of last year by 0.2 months, or about 3%. Compared with the last two September levels, September 2024 was at 5.4 months and September 2025 was at 5.9 months. Even with that historical context, current supply conditions are highly elevated. Broadly speaking, with 6.1 months of inventory available for buyers, that still leaves enough supply relative to sales that prices should drop in October.

The charts and analysis above cover a lot of ground, so it is worth stepping back to summarize what happened and what it means.

September saw weaker sales, lower prices, and more new listings.

Overall, September was a slower month than August in terms of activity, although sales are still below what we saw two years ago. Sales fell 9% month-over-month (987 to 902, about 85 fewer), which is below September 2025 (1,030) and below September 2024 (949). In the condo segment, sales fell 14% (181 to 155, just 26 fewer).

The average sale price fell 4.3% ($1.19M to $1.14M, about $50,000 lower). In the condo segment, the average price fell 3.9% ($590,000 to $570,000, about $20,000 lower).

New listings rose 29% overall (2,492 to 3,208). Condo new listings rose 10% (509 to 561). Taken together, supply grew faster than demand overall, which can limit seller pricing power if the new supply is not absorbed quickly. Within the condo segment, the balance is less favourable because new listings increased while sales fell.

York felt a little slower paced, but a bit more competitive.

Overall, September was slower than August. Average days on market rose to 39 days from 37 (up 2 days or about 5%).

That points to a slower pace. Compared with the last two September levels, the overall market is slower than September 2025, when homes took 36 days on average to sell, and slower than September 2024, when homes took 29 days on average to sell. In the condo segment, days on market rose to 48 days from 45. Compared with the last two September levels, that is slower than September 2025, when condo apartments took 38 days on average to sell, and slower than September 2024, when they took 36 days on average to sell.

Sale-to-list reinforces that picture. Across the overall market, the ratio rose to 98.2% (from 97.8%). In the condo segment, the sale-to-list ratio rose to 97.2% (from 97.1%). Taken together, this does not suggest a meaningfully more competitive market.

October prices will face very strong downward pressure in York, with condo apartments also facing strong downward pressure.

The supporting indicators show the SNLR fell to 28% from 40%, active listings rose to 5,530 (up 1%), and months of inventory stood at 6.1 months. Taken together, the indicators point clearly to very strong downward pressure on average prices in October. Our prediction is that the average price in York in October will fall by about 4% to 6%. In dollar terms, using the midpoint of that range, that would mean a drop of somewhere around $57,000 from September’s average price. That would put the October average price in York at about $1,080,000.

In the condo segment, conditions are weaker. Supporting that view, the SNLR was 28%, active listings stood at 1,086 (down 2%), and months of inventory stood at 7.0 months. Taken together, the condo indicators 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 4% to 6% in October. In dollar terms, using the midpoint of that range, that would mean a drop of somewhere around $28,000 from September’s average condo price, putting the October average at about $539,000.

We hope this review and analysis of York was helpful. Check back near the start of 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!