In May, Vaughan had 313 sales, the highest in the last year and the most in York Region. Buyer activity is picking up. Even with more sales and 22% fewer new listings than last year, prices are still 11% lower than last May. The market is busy, but prices have not fully caught up. Here is a closer look at the numbers.
How Did The Vaughan Real Estate Market Change Over The Past Year?
In May 2026, Vaughan recorded 313 home sales, up 13.8% from May 2025, while the average sale price came in at $1,179,718 (down 10.9% year over year) and the median landed at $1,088,000 (down 13.9%). New listings plunged 22.3% and active inventory dropped 14.7%, pushing the SNLR from 32.8% to 34.7%.
Here is the full year-over-year comparison.
| Metric | May 2025 | May 2026 | Change |
|---|---|---|---|
| Average Price | $1,323,877 | $1,179,718 | -10.9% |
| Median Price | $1,264,000 | $1,088,000 | -13.9% |
| Total Sales | 275 | 313 | +13.8% |
| New Listings | 1,056 | 821 | -22.3% |
| Active Listings | 1,560 | 1,330 | -14.7% |
| SNLR | 32.8% | 34.7% | +1.9 pts |
| Average Days on Market | 25 | 27 | +2 days |
| SP/LP | 98% | 98% | 0 pts |
Source: TRREB Market Watch, May 2026
Three key points emerge from the data.
First, supply has dropped sharply. New listings fell from 1,056 to 821, a 22% decrease. Active listings also dropped from 1,560 to 1,330. Even though more buyers are looking, fewer homes are available. Vaughan still has a good amount of inventory, with 1,330 active listings and 313 sales, indicating a supply of over 4 months. Still, the trend shows that supply is shrinking.
Second, the difference between average and median prices in Vaughan is bigger than in Markham. The average price is $1,179,718, while the median is $1,088,000—a gap of about $92,000. In Markham, the gap is only $40,000. This means that higher-priced sales, especially detached homes over $2 million, are pushing up the average. If you are buying in the $1 million to $1.2 million range, the median price gives you a better idea of what to expect.
Third, the SP/LP ratio stayed at 98%, the same as last May. On a $1.2 million home, that means buyers have about $24,000 to negotiate. This room to negotiate has not changed over the past year, so even with more activity and less supply, sellers do not yet have stronger pricing power.
What Happened by Property Type in Vaughan This May?
Detached homes made up almost half of all sales, with 154 sold, up slightly from 150 last year. The average price for detached homes dropped 6.6% to $1,577,170. Freehold townhouses saw the biggest jump in sales, rising 77% from 30 to 53. Condo apartments had the next-highest sales volume after detached homes, with 77 sold, up 28% from last year.
Average Sold Price by Property Type
| Property Type | May 2025 | May 2026 | Change |
|---|---|---|---|
| Detached | $1,688,349 | $1,577,170 | -6.6% |
| Semi-Detached (17 sales) | $1,200,667 | $1,046,176 | -12.9% |
| Freehold Townhouse | $1,145,310 | $1,011,337 | -11.7% |
| Condo Townhouse (11 sales) | $850,500 | $818,345 | -3.8% |
| Condo Apartment | $637,326 | $583,442 | -8.5% |
Source: TRREB Market Watch, May 2026
Median Sold Price by Property Type
| Property Type | May 2025 | May 2026 | Change |
|---|---|---|---|
| Detached | $1,495,000 | $1,444,000 | -3.4% |
| Semi-Detached (17 sales) | $1,197,500 | $1,050,000 | -12.3% |
| Freehold Townhouse | $1,122,500 | $983,000 | -12.4% |
| Condo Townhouse (11 sales) | $821,000 | $800,000 | -2.6% |
| Condo Apartment | $590,000 | $530,000 | -10.2% |
Source: TRREB Market Watch, May 2026
Several key observations stand out.
Detached is telling a split story. The average is down 6.6% year over year, but the median is down only 3.4%. That narrower median decline suggests the core of the detached market — homes in the $1.3 to $1.5 million range — is holding up better than the headline average implies. The upper end of the detached market has softened further, dragging the average down. SP/LP for detached homes came in at 98%, indicating buyers are still negotiating, but the room is narrower than it was earlier this year.
Freehold townhouses were the active story. Sales surged from 30 to 53, and SP/LP hit 100%. That is at-asking pricing, meaning this segment has essentially no room to negotiate. On a $1 million townhouse, 100% SP/LP means the deal closes at the listing price. A year ago, freehold towns in Vaughan were also at 100%, so this segment has been tight for a while. What changed is that there are now far more buyers competing at this price point.
Condo apartments saw a 28% jump in sales volume (60 to 77), but prices dropped more than any other segment on a median basis — down 10.2% to $530,000. SP/LP sits at 96%, meaning buyers are securing about $23,000 off the list price on a typical unit. Condos remain the softest pocket in Vaughan, with the most standing inventory relative to sales.
A note on volumes: semi-detached at 17 sales and condo townhouses at 11 are small enough that individual transactions can swing the averages. Look at these trends across a few months rather than anchoring on a single reading.
What Has Vaughan Real Estate Done Over the Past 12 Months?
Vaughan's average price peaked at $1,257,185 in July 2025, bottomed at $1,024,048 in January 2026, and has climbed back to $1,179,718 in May. SP/LP has been at 97% or 98% every month in the trailing 12 months, a year-long stretch of consistent negotiating room that has not budged in either direction.
| Month | Average Price | Sales | SNLR | MOI |
|---|---|---|---|---|
| May 2026 | $1,179,718 | 313 | 34.7% | 5.1 |
| April 2026 | $1,169,382 | 257 | 33.3% | 5.3 |
| March 2026 | $1,184,383 | 242 | 32.8% | 5.3 |
| February 2026 | $1,140,088 | 197 | 32.1% | 5.4 |
| January 2026 | $1,024,048 | 146 | 31.6% | 5.4 |
| December 2025 | $1,170,058 | 194 | 31.5% | 5.3 |
| November 2025 | $1,194,793 | 231 | 31.7% | 5.2 |
| October 2025 | $1,214,375 | 293 | 32.4% | 5.0 |
| September 2025 | $1,163,498 | 260 | 32.6% | 4.9 |
| August 2025 | $1,210,952 | 262 | 32.3% | 4.9 |
| July 2025 | $1,257,185 | 267 | 32.2% | 4.9 |
| June 2025 | $1,220,390 | 277 | 32.3% | 4.8 |
Source: TRREB Market Watch, May 2026
Two things stand out across the 12 months.
The average price pattern is a U-shape, similar to what we are seeing across York Region. It peaked in July 2025 at $1,257,185, dropped through the winter, bottomed in January 2026 at $1,024,048 — a peak-to-trough decline of nearly $233,000 — and has climbed in three of the last five months. May's $1,179,718 continues the recovery from the winter trough, though it remains below the November 2025 ($1,194,793) and October 2025 ($1,214,375) readings. The recovery from the January trough is real, but Vaughan has not recaptured as much ground as Markham. The average is still $77,000 below its July 2025 level.
The MOI trend tells a different story than in some neighbouring cities. MOI rose from 4.8 in June 2025 to a peak of 5.4 in January and February 2026, and has only eased back to 5.1 in May. That is still firmly in buyer's market territory — anything above 4 months generally favours buyers. The MOI has not dropped as quickly as in Markham because Vaughan's standing inventory, while declining year over year, has remained elevated throughout the spring. If sales stay above 300 per month and new listings continue their decline, MOI should push toward the mid-4s by late summer. But right now, the inventory overhang is the single biggest factor holding prices below year-ago levels.
April 2026 vs May 2026
From April to May 2026, Vaughan sales surged 21.8% (257 to 313), while new listings were essentially flat (818 to 821). The average price ticked up 0.9% month over month, but the median actually dipped 2.5%. SP/LP held steady at 98%, and SNLR rose from 33.3% to 34.7%.
| Metric | April 2026 | May 2026 | Change |
|---|---|---|---|
| Average Price | $1,169,382 | $1,179,718 | +0.9% |
| Median Price | $1,116,000 | $1,088,000 | -2.5% |
| Total Sales | 257 | 313 | +21.8% |
| New Listings | 818 | 821 | +0.4% |
| Active Listings | 1,277 | 1,330 | +4.1% |
| SNLR | 33.3% | 34.7% | +1.4 pts |
| Average Days on Market | 29 | 27 | -2 days |
| SP/LP | 98% | 98% | 0 pts |
Source: TRREB Market Watch, May 2026
The divergence between the average and median this month is worth flagging. The average moved up slightly — from $1,169,382 to $1,179,718 — while the median dropped from $1,116,000 to $1,088,000. What that tells you is that the upper end of the market pulled its weight in May. More expensive homes closed, lifting the average, while the typical sale came in a bit lower than the month before. It does not mean the market is weakening. It means the mix shifted. This is common in a large market like Vaughan, where detached homes above $1.5 million and condo apartments below $600,000 are both trading in the same month.
Days on market dropped from 29 to 27, meaning homes are selling faster. Sales surged 22% while new listings barely budged. The spring surge in buyer activity is depleting available inventory faster. Across York Region, Vaughan's 313 sales led the board, followed by Markham with 303, Richmond Hill with 224, and Newmarket with 104.
For a full breakdown of the April numbers, check out our Vaughan April 2026 Market Update.