The grass is finally green, and the lawn signs are popping up across Markham. April brought the kind of activity we have been waiting all winter to see, with sales coming in at 250 for the month, the highest count Markham has posted since October. But the prices have not moved with the volume. The average is down 8% year over year, and the median is off almost 10%. So we have a busier market with cheaper homes. That is the story this month. Let's pull it apart.
How Has The Market Changed Over The Past Year?
In April 2026, Markham saw 250 home sales, up 5% from April 2025, while the average sale price dropped to $1,140,668 (down 8% year over year) and the median fell to $1,084,000 (down 9.7%). The sale-to-list ratio softened from 100% to 98%, giving buyers real negotiating room for the first time in years.
Here is the full year-over-year comparison.
| Metric | April 2025 | April 2026 | Change |
|---|---|---|---|
| Average Price | $1,239,967 | $1,140,668 | -8.0% |
| Median Price | $1,200,000 | $1,084,000 | -9.7% |
| Total Sales | 238 | 250 | +5.0% |
| New Listings | 779 | 773 | -0.8% |
| Active Listings | 1,121 | 1,109 | -1.1% |
| SNLR | 38.0% | 35.9% | -2.1 pts |
| Average Days on Market | 25 | 27 | +2 days |
| SP/LP | 100% | 98% | -2 pts |
source: TRREB Market Update April 2026
Two things to pull out of the year-over-year picture before anything else.
First, the median price drop is bigger than the average price drop. Average came down 8% and the median came down 9.7%. When the middle of the market is softening faster than the top, it tells you the typical Markham home, the one a typical Markham buyer is actually looking at, is where most of the cooling is happening. The high end is still holding the average up. That matters because if you are shopping in the $1 to $1.3 million range, your conditions are softer than the headline number makes it sound.
Second, the sale-to-list ratio moved from 100% to 98%. That does not sound like much. But on a Markham home listed at $1.1 million, a 98% ratio works out to roughly $22,000 in negotiating room. A year ago there was none. Buyers were paying the asking. Today there is real room to negotiate, the kind of room this market has not seen consistently in years.
More Buyers Are Moving, And They Have Time to Think
Sales were up 5% year over year. Listing supply is roughly flat (active listings down 1%, new listings down less than 1%). And average days on market climbed from 25 to 27. That combination tells you something specific. More buyers are pulling the trigger, but they are taking their time about it. You can book an inspection. You can write a condition into your offer. You can sleep on the decision. That kind of breathing room is the practical difference between this market and the one we had three years ago.
What Happened by Property Type in Markham This April?
Detached homes saw the biggest dollar decline, with the average price down $182,826 year over year (about an 11% drop) to $1,511,813. Semi-detached, freehold townhouses and condo townhouses also softened by double digits on average price, while condo apartments held flat on volume but saw the median price drop almost 15%.
Average Sold Price by Property Type
| Property Type | April 2025 | April 2026 | Change |
|---|---|---|---|
| Detached | $1,694,639 | $1,511,813 | -10.8% |
| Semi-Detached (14 sales) | $1,211,891 | $1,060,557 | -12.5% |
| Freehold Townhouse | $1,172,649 | $1,014,591 | -13.5% |
| Condo Townhouse (9 sales) | $939,982 | $831,889 | -11.5% |
| Condo Apartment | $692,045 | $682,583 | -1.4% |
Median Sold Price by Property Type
| Property Type | April 2025 | April 2026 | Change |
|---|---|---|---|
| Detached | $1,600,000 | $1,431,500 | -10.5% |
| Semi-Detached (14 sales) | $1,220,344 | $1,041,500 | -14.7% |
| Freehold Townhouse | $1,164,900 | $999,000 | -14.2% |
| Condo Townhouse (9 sales) | $850,000 | $820,000 | -3.5% |
| Condo Apartment | $675,000 | $575,000 | -14.8% |
A few things worth pulling out.
Detached took the biggest dollar hit. The average detached price in Markham is down roughly $183,000 from a year ago, and the median is down about $168,500. For anyone who has been sitting on the sidelines waiting to step up into a Markham detached home, this is the kind of window that closes when momentum returns. And on detached specifically, watch the gap between average and median. The average sits at $1.51 million but the median is at $1.43 million. That $80,000 gap tells you a handful of higher-end sales are pulling the average up. For a typical Markham detached buyer, the median is the more honest benchmark to plan around.
The condo apartment number is more interesting than it looks at first. Sales volume came in at exactly the same level as last April, 71 sales, but the median dropped almost 15%. Same number of buyers, paying meaningfully less. That is a clean signal of price softening, not a demand collapse. Condo apartments in Markham right now are the segment where first-time buyers and downsizers can get the most negotiating room.
Semi-detached did 14 sales in April and condo townhouses did 9. Those numbers are too small to read trend signal from a single month. Do not anchor on those averages. Look at them across a few months to see what is really happening.
What Has Markham Real Estate Done Over the Past 12 Months?
Markham's average price peaked at $1,286,057 in June 2025 and has trended down to $1,140,668 in April 2026, an 11.3% drop from the peak. The sale-to-list ratio has been below 100% every month since June 2025, an eleven-month stretch of negotiating room for buyers.
| Month | Average Price | Sales | SNLR | MOI |
|---|---|---|---|---|
| April 2026 | $1,140,668 | 250 | 35.9% | 4.6 |
| March 2026 | $1,155,505 | 225 | 35.7% | 4.7 |
| February 2026 | $1,068,928 | 182 | 35.2% | 4.7 |
| January 2026 | $1,100,945 | 163 | 34.5% | 4.7 |
| December 2025 | $1,187,221 | 171 | 34.5% | 4.7 |
| November 2025 | $1,149,893 | 219 | 34.9% | 4.6 |
| October 2025 | $1,230,833 | 281 | 35.5% | 4.4 |
| September 2025 | $1,177,290 | 259 | 35.9% | 4.3 |
| August 2025 | $1,136,323 | 240 | 35.6% | 4.3 |
| July 2025 | $1,246,087 | 266 | 35.8% | 4.2 |
| June 2025 | $1,286,057 | 274 | 35.8% | 4.1 |
| May 2025 | $1,279,253 | 256 | 36.1% | 4.0 |
source: TRREB Market Update April 2026
Two things stand out across the 12 months.
The price peak was a year ago, in June 2025. From there, Markham has been working its way down. The recent uptick in sales does not change the price trend yet. It just means more transactions are happening at the new, lower levels.
The sale-to-list ratio is the more telling number. April was the third consecutive month at 98%. SP/LP last hit 100% in May 2025. So we have had eleven straight months of buyers having negotiating room in Markham. That is a real, countable window. What would close it? Two things to watch. If monthly sales push above 280 consistently (we hit that in October before falling back), and if active listings drop back below 800 (we touched 725 in December but inventory rebuilt fast), then SP/LP starts pushing back to 100%. We are not there yet.
How Did April 2026 Compare to March 2026?
From March to April 2026, Markham sales rose 11.1% (225 to 250), new listings jumped 25.9% (614 to 773), and active listings climbed 24.7% (889 to 1,109). Average price slipped 1.3% month over month, and SNLR moved barely at all (35.7% to 35.9%).
| Metric | March 2026 | April 2026 | Change |
|---|---|---|---|
| Average Price | $1,155,505 | $1,140,668 | -1.3% |
| Median Price | $1,100,000 | $1,084,000 | -1.5% |
| Total Sales | 225 | 250 | +11.1% |
| New Listings | 614 | 773 | +25.9% |
| Active Listings | 889 | 1,109 | +24.7% |
| SNLR | 35.7% | 35.9% | +0.2 pts |
| Average Days on Market | 32 | 27 | -5 days |
| SP/LP | 98% | 98% | 0 |
source: TRREB Market Update April 2026
The month-over-month picture is the spring kick we expected. Sales up, listings up, both moving at once. The market is absorbing the extra activity but not tightening, which is why SNLR barely moved. Supply is growing fast enough to keep things balanced even with the sales lift. The good news for active buyers is that homes are also selling faster when they do sell, with days on market dropping from 32 to 27.
This lines up with what is happening across York Region this month. Aurora sales were up almost 67% month over month and Newmarket was up 30%. Markham was up 11%, which looks like a smaller percentage, but it is on a much bigger base. At 250 sales for the month, Markham and Vaughan continue to be the volume leaders across York Region, both running in the 250-per-month range. The spring kick is landing differently in different parts of the region depending on how active the market already was.
For a full breakdown of the March numbers, check out our Markham March 2026 Market Update.
What to Watch in May 2026
Two things specifically. First, if SNLR pushes above 40%, that is the early signal that the market is shifting back toward balance. We are at 35.9% right now, so that is a real distance, but the spring momentum is real. Second, watch new listings. April saw a big jump to 773. If May comes in higher again, supply continues to outpace sales, and the buyer's market holds. If new listings cool while sales hold up, that is the first sign of conditions tightening. Either way, the data will tell you the story before the headlines do.
Don't get sold, get Zold.