May 2025 Market Update – Newmarket & York Region
Welcome to the May edition of our real estate market update for Newmarket and York Region, where we break down the latest stats from April and what they mean for buyers and sellers in today’s shifting market.
Sales activity remained quiet across the region last month. In Newmarket, only 64 homes sold—down significantly from 107 in April 2024 and far below historical averages. The only time April sales were lower was in 2020, during the peak of pandemic-related uncertainty.
At the same time, inventory continues to climb. Newmarket ended April with 331 active listings—up from 233 last year and slightly above the 10-year seasonal trend. It’s the highest active inventory for April since 2019.
This growing supply, combined with sluggish sales, pushed the Months of Inventory (MOI) to 5.17—the highest April MOI on record. That means it would take over five months to sell all current listings at today’s pace, marking a clear shift toward a buyer’s market.
Prices have continued their slow slide. The median sale price in Newmarket dropped to $1,019,000, down from $1,095,000 last year and $1,202,000 in 2022—returning to price levels we last saw in 2021. Homes are also taking longer to sell, with the median days on market rising to 20, the highest for April since 2018.
Still, opportunity exists. Well-priced homes in desirable neighbourhoods are finding buyers, but gone are the days of instant sales and bidding wars. In today’s market, strategy and value matter more than ever.
We’ve compiled everything—from the key stats and projections to notable sales and expert insights—into one easy-to-read package inside the May 2025 issue of TheMarket magazine (digital). Plus, for those who prefer to watch, you can check out our full video breakdown of this update for a quick and clear explanation of the current conditions.
📈 Inventory trends, price segments, buyer behaviour—it’s all in here.
📹 Watch the video, read the magazine, and explore the full analysis now.
