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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