📍 For Newmarket: 👉 📖 View TheMarket – Newmarket Edition
🏡 For Aurora: 👉 📖 View TheMarket – Aurora Edition
The real estate market in the northern York Region is shifting quickly. June brought rising inventory, lagging sales, and growing gaps between list and sale prices. For both Newmarket and Aurora, the message is clear: the market is active, but not in the way you might expect.
Here’s what you need to know before your next move:
Inventory Is Piling Up Fast
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Newmarket now has over 400 homes on the market, its highest inventory since May 2019.
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Aurora isn’t far behind, with 343 active listings, the most since June 2019.
This surge is giving buyers more control. With options increasing by the week, the pressure to rush has evaporated. Overpriced homes? They’re getting passed over.
Aurora’s Luxury Market: High Supply, Low Demand
Listings over $2 million are everywhere in Aurora. But here’s the surprise:
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76 homes are listed above $2M.
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Only 5 sold in June.
That’s a striking mismatch.
And it’s not just a luxury problem. The majority of sales—14 homes—happened between $1 million and $1.25 million, showing that buyers are choosing value over scale.
Aurora Market Snapshot:
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Average list price: $1,824,496
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Average sale price: $1,351,000
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Median sale price: $1,192,000
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Detached homes make up 63% of all listings, saturating the high end of the market.
Newmarket Sales Slow Across the Board
In Newmarket, only 82 homes sold in June across all types.
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Just 3 of 43 semi-detached homes listed actually sold.
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That’s 14.3 months of semi inventory, a stat that signals real trouble for sellers in that category.
And pricing continues to soften:
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Average sale price: $1,040,000 (lowest June average since 2020)
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Average list price: $1,188,000
The growing spread between asking and selling prices reinforces what buyers already know: there’s room to negotiate.
What This Means for You
If You're Selling:
The market is crowded, especially in the detached and luxury segments. Homes that aren’t priced right, presented well, or strategically marketed are getting overlooked. Today’s buyer isn’t just looking for a home, they’re looking for value.
If You're Buying:
This is your moment to be selective. The surge in listings gives you time to evaluate your options and negotiate powerfully, especially above the $2M threshold where competition is light.
Want the Full Breakdown?
This blog is just the surface. For deep-dive stats, historical trends, and expert insights for Newmarket, Aurora, and other York Region communities, don’t miss the June edition of TheMarket.
📖 Click the flipbook below to explore the full report, free and online.
Final Thoughts
The numbers are clear: our market is rebalancing, with supply outpacing demand in many segments. The buyers are still here, but their expectations have shifted. Whether you’re moving up, downsizing, or entering the market for the first time, strategy is now more important than ever.
Have questions? Want a personalized market evaluation or game plan?
📞 Call us at 905-252-TEAM (8326)
📧 Email [email protected]
Let’s make your next move a confident one.
