Richmond Hill just had its busiest month in a year. 230 sales in June, up 32% from last June, and the most this market has moved in a single month since the spring of 2025. At the same time, active listings dropped 15.5% year over year and months of inventory fell to 5.7, the tightest reading since September. So demand is up and supply is down, which is normally the recipe for prices going one direction. They went the other. Average price came in at $1,241,949, down 4.1%, and the median dropped 9.2%. That gap is the whole story this month. Let's look at the numbers.
How Did Richmond Hill Real Estate Change Year-Over-Year in June 2026?
Richmond Hill recorded 230 home sales in June 2026, up 32.2% from 174 a year ago. The average price fell 4.1% to $1,241,949 and the median fell 9.2% to $1,104,000. New listings were down 12.1% and active listings down 15.5%, pushing the sales-to-new-listings ratio up to 32.6%. Homes sold at 97% of asking, one point lower than last June, and took two days longer to sell.
Here is the full year-over-year comparison.
| Metric | June 2025 | June 2026 | Change |
|---|---|---|---|
| Average Price | $1,294,905 | $1,241,949 | -4.1% |
| Median Price | $1,215,500 | $1,104,000 | -9.2% |
| Total Sales | 174 | 230 | +32.2% |
| New Listings | 645 | 567 | -12.1% |
| Active Listings | 1,194 | 1,009 | -15.5% |
| SNLR | 30.4% | 32.6% | +2.2 pts |
| Average Days on Market | 29 | 31 | +2 days |
| SP/LP | 98% | 97% | -1 pt |
Source: TRREB Market Watch, June 2026
For most of this past year, the average fell faster than the median, which indicated that the high end was doing the damage. This month it reversed. The average came down by only 4.1%, while the median came down by 9.2%. When the median falls more than twice as fast as the average, the softening has moved into the middle of the market. The typical Richmond Hill home is worth about $111,500 less than it was last June. Meanwhile, a handful of strong sales at the top end are holding the average up.
Then look at the sale-to-list ratio. It slipped from 98% to 97%, stepping back from May's 99% reading. On a home listed at $1.2 million, 97% means the seller is taking roughly $36,000 off the asking price instead of $12,000. It also means the pricing discipline sellers showed in May did not fully hold through June.
230 sales is the highest monthly count in this 12-month window, and it comes with active listings at 1,009, down from 1,194 a year ago. Months of inventory dropped to 5.7 from 6.4 in the winter. On the supply side, the market is tightening. But average days on market went the other way, from 29 to 31, and sat four days longer than May. So more buyers are jumping in, and once they are in, they are taking their time. It is a market where buyers have enough choice to look at three or four homes before committing, and enough confidence in the data to know that nothing will be bid away from them next weekend.
What Happened by Property Type in Richmond Hill This June?
Freehold townhouses took the biggest hit, with the average down 11.8% to $1,016,833, but they still sold at 102% of asking in an average of 21 days. Detached homes held up best on price, down just 3.5% on average to $1,685,722, while detached sales volume jumped 36% to 117 transactions. Condo apartments came in at $532,418, down 10.5%.
Average Sold Price by Property Type
| Property Type | June 2025 | June 2026 | Change |
|---|---|---|---|
| Detached (117 sales) | $1,746,676 | $1,685,722 | -3.5% |
| Semi-Detached (10 sales) | $1,119,750 | $1,104,870 | -1.3% |
| Freehold Townhouse (34 sales) | $1,153,377 | $1,016,833 | -11.8% |
| Condo Townhouse (21 sales) | $820,571 | $731,478 | -10.9% |
| Condo Apartment (45 sales) | $595,157 | $532,418 | -10.5% |
Source: TRREB Market Watch, June 2026
Median Sold Price by Property Type
| Property Type | June 2025 | June 2026 | Change |
|---|---|---|---|
| Detached (117 sales) | $1,627,500 | $1,495,000 | -8.1% |
| Semi-Detached (10 sales) | $1,090,000 | $1,023,100 | -6.1% |
| Freehold Townhouse (34 sales) | $1,145,000 | $1,023,500 | -10.6% |
| Condo Townhouse (21 sales) | $810,000 | $705,000 | -13.0% |
| Condo Apartment (45 sales) | $590,000 | $520,000 | -11.9% |
Source: TRREB Market Watch, June 2026
The detached number is the one that surprises. Sales jumped from 86 to 117, a 36% increase, and yet the average only came down 3.5%. That segment is doing the heavy lifting on volume this month. But look at the median: $1,495,000, down 8.1%, versus an average of $1,685,722. That is a $190,000 gap between average and median, which means a small number of large sales at the top are pulling the average up. If you are a detached buyer looking at what a normal Richmond Hill detached home costs, use $1,495,000 as your anchor, not $1,685,722. And note the SP/LP on detached is 96%, the softest of any segment. On a $1.55 million list, that is roughly $62,000 of room.
Freehold townhouses tell the opposite story. The average dropped $136,544, the biggest percentage decline of any segment at 11.8%, and yet they sold at 102% of asking in 21 days. Above list price, in three weeks. Semi-detached did the same, 102% of asking in 19 days. Both of those segments fall in the $1 million to $1.1 million range, and that's where the competition is. Prices came down, buyers noticed, and now homes are moving at or above asking price. That is what a repriced segment looks like once the market catches up.
Condo apartments came in at $532,418 on average and $520,000 on the median, both down about 11%. Volume was steady at 45 sales versus 42 last June, but days on market ran 37, and SP/LP sat at 97%. That segment has the most room to negotiate in Richmond Hill right now, and it has been the softest part of the GTA market for over a year. If you are a first-time buyer or a downsizer, the condo segment is where your dollar goes the furthest, and that has been true for some time.
What Has Richmond Hill Real Estate Done Over the Past 12 Months?
| Month | Average Price | Sales | SNLR | SP/LP |
|---|---|---|---|---|
| June 2026 | $1,241,949 | 230 | 32.6% | 97% |
| May 2026 | $1,209,257 | 224 | 31.3% | 99% |
| April 2026 | $1,175,275 | 184 | 29.7% | 97% |
| March 2026 | $1,219,863 | 159 | 29.3% | 98% |
| February 2026 | $1,166,816 | 121 | 28.7% | 97% |
| January 2026 | $1,285,799 | 98 | 28.6% | 96% |
| December 2025 | $1,220,811 | 114 | 28.6% | 97% |
| November 2025 | $1,255,877 | 163 | 29.7% | 97% |
| October 2025 | $1,334,199 | 175 | 29.9% | 98% |
| September 2025 | $1,324,741 | 188 | 30.8% | 99% |
| August 2025 | $1,247,531 | 176 | 30.3% | 98% |
| July 2025 | $1,325,820 | 204 | 30.4% | 98% |
Source: TRREB Market Watch
The peak in this window was October 2025 at $1,334,199. Prices slid through the winter, bottomed at $1,166,816 in February, and have been grinding back up since. June's $1,241,949 sits about 6.9% below that October high. So the price story over 12 months is not a collapse; it is a dip and a partial recovery.
Now the number that matters most. SP/LP has been below 100% in every one of these 12 months. Not once did Richmond Hill sellers get full asking price on average, and that streak runs all the way back past this table. Twelve straight months of a market where the buyer sets the final number. It hit its low at 96% in January, climbed to 99% in May, and gave back two points in June. That wobble matters because it suggests the pricing discipline that showed up in the spring is not yet locked in.
SNLR is the counterweight. It bottomed at 28.6% in December and January, then rose every single month since: 28.7%, 29.3%, 29.7%, 31.3%, and now 32.6%. Five consecutive months of increases. Months of inventory have decreased from 6.4 to 5.7 over the same period. Anything under 40% is still buyer's market territory, so nobody should be panic-buying. But the direction is one way, and it is the direction that closes windows.
May 2026 vs June 2026
| Metric | May 2026 | June 2026 | Change |
|---|---|---|---|
| Average Price | $1,209,257 | $1,241,949 | +2.7% |
| Median Price | $1,165,000 | $1,104,000 | -5.2% |
| Total Sales | 224 | 230 | +2.7% |
| New Listings | 646 | 567 | -12.2% |
| Active Listings | 1,030 | 1,009 | -2.0% |
| SNLR | 31.3% | 32.6% | +1.3 pts |
| Average Days on Market | 27 | 31 | +4 days |
| SP/LP | 99% | 97% | -2 pts |
Source: TRREB Market Watch, June 2026
Month over month, the average price rose 2.7% while the median dropped 5.2%. Those two numbers moving in opposite directions is a mixed effect, not a price effect. Detached made up 117 of the 230 sales in June, more than half the market, and detached carries a much higher price tag. Being more detached in the mix pulls the average up, even while the typical home is selling for less. So do not read that 2.7% as prices going up. Read it as the composition of who was buying changing.
The listings number is the one worth circling. New listings fell 12.2% from May, from 646 to 567, while sales still climbed. Fewer sellers coming to market, more buyers absorbing what is there. That combination is exactly what pushes SNLR up and months of inventory down, and it is what happened. This is the same dynamic showing up across the York Region, where supply has been thinning while activity has held steady.
For a full breakdown of the May numbers, check out our Richmond Hill May 2026 Market Update.
What This Means Heading into July
For Sellers
June was busier than any month in the past year, but SP/LP dropped back to 97%, and homes took 4 days longer than in May. This means the buyers are here, but they will not chase a price. The sellers who got 102% of asking this month were in the townhouse and semi segments, and they did so by listing at a price the market actually believed. If you list at last year's value, you will join the 1,009 active listings and sit. Price at what June says your home is worth, not what October 2025 said.
For Buyers
You still have real room, and the detached segment contains most of it. SP/LP on detached is 96%, and the median detached home is down $132,500 from last June. Days on market at 31 means you have time to get an inspection, do your homework, and write a conditional offer without someone else taking the house out from under you. But be honest about the direction of travel. SNLR has climbed five months in a row, and inventory is at its tightest since September. The room you have today is smaller than the room you had in February, and if this trend holds, it will be smaller again by the fall.
What to Watch in July
Two things. First, SP/LP. It ran 99% in May and 97% in June. If July comes back to 99% or better, that says May was the signal, and June was the noise, and the negotiating window is closing faster than the price data suggests. If it stays at 97% or slips, buyers keep their leverage through the summer. Second, new listings. They came in 12.2% below May and 12.1% below last June. If sellers keep holding back through July while sales stay near 230, SNLR pushes toward the mid-30s and the balance of this market genuinely shifts.