Over the past 12 months, the Markham market has experienced notable price fluctuations. The latest HPI reflects a benchmark price of approximately $1.11 million with an overall one‐year price decline of 8.74%. The most recent average sold price in September 2025 stands at about $1,177,290, which, when compared to earlier months exhibiting higher averages (e.g., June at roughly $1,286,057 and July at $1,246,087), signals a downward trend. This trend is reinforced by the HPI index movement and historical price change percentages, suggesting that, despite some ups and downs, buyers and sellers are witnessing a gradual softening in price levels year-over-year.

Market supply and demand indicators further support this cautious outlook. Recent data show a moderate balance between sales, new listings, and active listings, with active inventory numbers consistently hovering around 1,200 to 1,300 properties and months of inventory (MOI) largely in the 4.5 to 5.1 range. At the same time, the average days on market (DOM) have seen a modest reduction during peak periods and a slight increase in other months, indicating that while the market remains competitive, there may be a gentle cooling. For real estate agents, this suggests advising clients to price realistically and prepare for a slower market pace in the near term, while keeping an eye on long-term trends—such as the 5- and 10-year price appreciations—that could signal recovery and stabilization in the future.

Read the full article on: Toronto Regional Real Estate Board