NewmarketReport.ca
ISSUE NO. 32 | MARCH 2025 NEWMARKET'S MONTHLY REAL ESTATE REPORT TheMarket
Sales are weak.
FEWEST SALES IN THE MONTH OF FEBRUARY SINCE 1995 P. 5 Inventory is on the rise.
ACTIVE LISTINGS AT THE END OF FEBRUARY WAS 219 , UP FROM 156 IN... P. 9
AROUND THE REGION February 2025 Sales Performance Breakdown
Inventory is climbing across York Region, marking the highest levels seen in years. More homes on the market mean increased options for buyers, but sellers may need to adjust expectations. February saw historically low sales volume, making it one of the slowest months in decades. Prices remain stable, with most sales happening in the
$1M–$1.5M range, though increased inventory could apply downward pressure. As we move into spring, expect a surge in new listings, making strategic timing more important than ever.
Team Leader & Broker Darcy Toombs
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Data provided by The Habistat's Analytics Platform, in partnership with PropTx. Data subject to change.
AROUND THE REGION February 2025
Median Sale Price By Location
Sales Volume by Price Range
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Data provided by The Habistat's Analytics Platform, in partnership with PropTx. Data subject to change.
AROUND THE REGION February 2025
Sales Volume By Property Type
March 2023 - February 2025
2023
2024
2025
2023
2024
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2023
2024
2025
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Data provided by The Habistat's Analytics Platform, in partnership with PropTx. Data subject to change.
AROUND THE REGION February 2025 Active Listing Performance
# of Active Listings
# of Active Listings By Property Type
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Data provided by The Habistat's Analytics Platform, in partnership with PropTx. Data subject to change.
NEWMARKET MARKET UPDATE February 2025 Sales Performance Breakdown
February saw the lowest sales volume in Newmarket since 1995, with only 68 homes sold. Detached homes led the way with 45 sales, while townhomes and condos lagged behind. Despite the slowdown, nearly half of all homes sold at or above asking, proving that well- priced properties still attract strong offers. The number of
active listings, divided by the number of monthly sales, meant a Months of Inventory figure of 3.22, while lower than January’s MOI of 5.28, it’s right around what the average was for 2024. Sellers need to price strategically to stay competitive.
Team Leader & Broker Darcy Toombs
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Data provided by The Habistat's Analytics Platform, in partnership with PropTx. Data subject to change.
NEWMARKET MARKET UPDATE February 2025 Sales Performance Breakdown
Median Sale Price By Location
Sales Volume by Price Range
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Data provided by The Habistat's Analytics Platform, in partnership with PropTx. Data subject to change.
28 homes sold at or above asking, proving that the right price still drives demand. Strategic Pricing Wins in a Shifting Market
February’s sales data reveals key trends in pricing and buyer behavior across Newmarket. The average sale price for all home types reached $1,163,057, with detached homes commanding the highest average at $1.33M. Townhomes sold at an average of $950,000, while condo townhomes and condo apartments averaged $808,000 and $564,000, respectively. These figures highlight the clear price gap between housing segments, with detached homes maintaining a premium and condos o ff ering more a ff ordable entry points into the market.
Breaking sales down by price range, nearly half of February’s transactions fell within the $1M–$1.5M range, reinforcing the strong demand for mid- market homes. Only 11 of the 68 sales closed above $1.5M, with just two exceeding the $2M mark, indicating a slower pace for luxury sales. Meanwhile, 35% of sales were under $1M, showing continued activity in the lower price brackets. Despite an overall slowdown in sales volume, certain properties still attracted competitive interest. A total of 28 homes sold at or above asking
price, including five of the 11 properties that sold over $1.5M. This suggests that while buyers are cautious, well-priced and desirable homes continue to move quickly. Sellers looking to maximize their sale price must consider market conditions carefully—homes that are priced too aggressively may sit longer, while those positioned strategically are still seeing strong o ff ers. In a market with rising inventory and fewer buyers making moves, pricing and presentation remain the key factors in achieving a successful sale.
Data provided by The Habistat's Analytics Platform, in partnership with PropTx. Data subject to change.
Want the full market story in a few minutes? This quick video covers everything from record-low sales to rising inventory and shifting buyer activity in Newmarket. WATCH THE MARCH MARKET UPDATE
Market update video
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NEWMARKET MARKET UPDATE February 2025 Sales Performance Breakdown
Sales Volume By Property Type
8 Attached Row Townhomes • 4 Condo Apartments • 4 Condo Town- homes • 45 Detached • 7 Semi-Detached
March 2023 - February 2025
2023
2024
2025
2023
2024
2025
2023
2024
2025
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Data provided by The Habistat's Analytics Platform, in partnership with PropTx. Data subject to change.
NEWMARKETMARKETUPDATE February 2025 Active Listing Performance
# of Active Listings
# of Active Listings By Property Type
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Data provided by The Habistat's Analytics Platform, in partnership with PropTx. Data subject to change.
Newmarket’s inventory is climbing fast— buyers have more choices, but sellers now face the most competition since 2019. INVENTORY ISONTHE RISE.
Newmarket’s housing inventory is on the rise, hitting 219 active listings by the end of February— the highest heading into March since 2019. This marks a significant increase from previous years, with 156 listings in 2024 and just over 100 in 2023 and 2022. Detached homes dominate the market, making up more than half of all active listings, while townhomes, condo apartments, and semi-detached properties offer diverse options for buyers. This surge in inventory isn’t just a local trend—it reflects what’s happening across York Region. More listings typically lead to increased competition among sellers, which can put downward pressure on
prices, especially if sales remain slow. However, for buyers, this means more choices and potentially better deals. As we move into the prime spring market, the big question will be whether demand picks up to match the growing supply. Homeowners looking to sell should be mindful of pricing and presentation, as buyers may now have more negotiating power. Meanwhile, those looking to buy have more leverage but should act strategically as interest rates lower and market conditions evolve.
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LISTING TURNOVER TIME, BY MONTH OF LISTING NEWMARKET
This chart tracks how quickly homes sell, broken down by the month they were listed. It shows what percentage of listings sold in the first week, second week, later weeks, or didn’t sell at all. What it tells us is simple, but powerful: the speed at which homes sell reveals market confidence and demand. When more homes are selling in the first
or second week, it typically means there are more active buyers and a stronger market. On the other hand, when listings sit longer or get taken o ff the market, it suggests slower demand, overpricing, or shifting conditions. Understanding turnover time helps both buyers and sellers make better timing and pricing decisions.
Data provided by The Habistat's Analytics Platform, in partnership with PropTx. Data subject to change.
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Follow us on social media
@Toombs_Team
Want to stay up to date on everything happening in the local real estate market? Follow us on social media for real-time updates, market insights, new listings, community highlights, and expert advice you can actually use. We’re not just posting for the sake of it—we’re sharing valuable, relevant content to help you make smarter real estate decisions, whether you’re buying, selling,
investing, or just keeping an eye on the market. From neighbourhood trends to behind-the-scenes looks at listings and helpful tips for homeowners, you’ll always find something worth your scroll. Follow along and stay connected to Newmarket real estate—right from your phone.
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WHO ARE WE? As proud, long-time residents of York Region, the Toombs Team brings deep-rooted local insight and a genuine love for the community we call home. We know the neighbourhoods, the schools, the hidden gems, and the ever-changing market conditions— because we live here, too.
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Magazine
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905.252.8326
Info@ToombsTeam.ca
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. REALTOR® contact information provided to facilitate inquiries from consumers interested in Real Estate services. Please do not contact the website owner with unsolicited commercial o ff ers. Darcy Toombs, Broker. Coldwell Banker The Real Estate Centre, Brokerage. Not intended to solicit buyers or sellers currently under contract with a brokerage. The information herein is deemed reliable but is not guaranteed. Created by www.Realtyshop.ca 800.971.3014
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