The data indicates that Newmarket’s real estate market has experienced notable short-term price softening, with the latest average price of approximately $1,002,082 in September 2025 showing a decline when compared to $1,128,773 in September 2024. This downturn is further supported by the benchmark indicators and HPI trends, which reflect negative percentage changes over the past one to six months. Despite long-term positive growth over the past five to ten years, the recent monthly fluctuations—such as rising days on market (37 days in the latest month) and a decreasing sales-to-new listings ratio—suggest that sellers may need to adjust expectations and pricing strategies in the current cooling phase.

In terms of market supply and demand, the balance between the number of sales, new listings, and active listings demonstrates a moderating dynamic. Recent months have seen sales numbers and new listings fluctuating, contributing to an inventory of roughly 4 months, which points to a mildly buyer-favored market. For real estate agents, the current environment calls for a strategic focus on competitive pricing, timely market positioning, and clear communication with both buyers and sellers about the potential for further short-term softness, while keeping an eye on long-term fundamentals that could support recovery.

Read the full article on: Toronto Regional Real Estate Board