360 homes were sold in Markham this June, which is more than in Vaughan, Richmond Hill and Aurora combined. Another notable statistic to look at this month is that the average price of a home is now %1,136,454, which is down 11.6% since last June.
To get a better understanding of what is actually going on, let's take a closer look at the numbers
How Did Markham Real Estate Change Year Over Year in June 2026?
Markham recorded 360 sales in June 2026, up 31.4% from the 274 sold in June 2025. The average price fell 11.6% to $1,136,454, and the median dropped 15.0% to $1,071,000. New listings eased 4.7% to 794, and active inventory fell 11.3% to 1,172, lifting the SNLR from 35.8% to 38.8%, the strongest reading Markham has posted in over a year.
Here is the full year-over-year picture.
| Metric | June 2025 | June 2026 | Change |
|---|---|---|---|
| Average Price | $1,286,057 | $1,136,454 | -11.6% |
| Median Price | $1,260,000 | $1,071,000 | -15.0% |
| Total Sales | 274 | 360 | +31.4% |
| New Listings | 833 | 794 | -4.7% |
| Active Listings | 1,322 | 1,172 | -11.3% |
| SNLR | 35.8% | 38.8% | +3.0 pts |
| Average Days on Market | 28 | 29 | +1 day |
| SP/LP | 99% | 99% | 0 |
Source: TRREB Market Watch, June 2026
An 11.6% drop in the average and a 15.0% drop in the median look brutal on their own. But no single segment in Markham fell that far. Detached was down 4.6% on average. Condo apartments, the worst performer, were down 14.0%. So how does the citywide number end up worse than almost every part that makes it up? Because the parts changed size.
Last June, detached homes made up 49.6% of everything Markham sold. This June they made up 41.4%. Condo apartments went the other way, from 21.2% of sales to 23.9%, and condo townhouses nearly doubled their share. When a larger share of your sales comes from $600,000 condos and a smaller share comes from $1.58 million detached homes, the average falls even if nothing gets cheaper.
Here is what that is worth. If I hold last June's property mix constant and plug in this June's prices, the average lands near $1,198,800, a decline of about 6.8% rather than 11.6%. That is a calculation based on TRREB segment data, and TRREB's own MLS Home Price Index independently backs it up. The Markham composite benchmark, which adjusts for exactly this kind of mix shift, sits at $1,067,000, down 7.59% year over year. Two different methods, same answer. Roughly seven, not eleven and a half.
This matters because the headline number will be quoted to you. If you own a detached home in Markham, you have not lost 12% of your value in a year. The market did not get 12% cheaper. What happened is that the affordable end of Markham woke up and started buying, and that pulls the average down while it does it.
The Busiest Market in York Region
Markham's 360 sales beat Vaughan's 333 to lead the York Region for the month, and together we accounted for 54% of the region's 1,289 sales. Markham's SNLR of 38.8% is the highest of any major York Region municipality, comfortably above the regional 34.8%, and months of inventory have come down to 4.3 while Richmond Hill sits at 5.7 and Vaughan at 4.9. Buyers are absorbing Markham's supply faster than anywhere else in the region right now, even as sellers keep pulling back on new listings.
What Happened by Property Type in Markham This June?
Every segment in Markham posted higher sales volume in June 2026 than June 2025. Condo townhouses nearly doubled (17 to 33), condo apartments jumped 48% (58 to 86), and semi-detached rose 54% (13 to 20). Detached homes were the most resilient on price, down just 4.6% on average to $1,584,527, while condo apartments fell hardest at 14.0%. Semi-detached and freehold townhouses both closed at 100% of asking.
Average Sold Price by Property Type
| Property Type | June 2025 | June 2026 | Change |
|---|---|---|---|
| Detached (149 sales) | $1,660,522 | $1,584,527 | -4.6% |
| Semi-Detached (20 sales) | $1,168,399 | $1,036,771 | -11.3% |
| Freehold Townhouse (55 sales) | $1,136,966 | $992,947 | -12.7% |
| Condo Townhouse (33 sales) | $785,456 | $848,455 | +8.0% |
| Condo Apartment (86 sales) | $698,169 | $600,259 | -14.0% |
Median Sold Price by Property Type
| Property Type | June 2025 | June 2026 | Change |
|---|---|---|---|
| Detached (149 sales) | $1,555,000 | $1,455,000 | -6.4% |
| Semi-Detached (20 sales) | $1,239,888 | $1,039,000 | -16.2% |
| Freehold Townhouse (55 sales) | $1,120,000 | $958,000 | -14.5% |
| Condo Townhouse (33 sales) | $780,000 | $755,000 | -3.2% |
| Condo Apartment (86 sales) | $577,500 | $636,000 | -9.2% |
Source: TRREB Market Watch, June 2026
A few things I want to pull out of these two tables.
Detached is the anchor, and it is holding. Down 4.6% on average and 6.4% on the median, with 149 sales and a sale-to-list ratio of 98%. That is not a segment in trouble. Compare it to last month, when detached was down 7.8% year over year on average, and the trend line is actually improving. The typical detached home in Markham traded at $1,455,000 this June. A year ago it was $1,555,000. That is a hundred thousand dollars of movement over twelve months, which is meaningful, but it is not the freefall the citywide average implies.
Semi-detached and freehold townhouses tell a more interesting story than the price column suggests. Both are down double digits year over year, but both closed at exactly 100% of the asking price, and both sold faster than last June. Freehold towns took 20 days to sell, down from 24 a year ago. Semis took 22 versus 24. What that combination says is that the pricing has reset, and once it reset, buyers came. Sellers in these two segments are not getting last year's number, but they are getting their number, and they are getting it quickly.
Condo apartments are where the volume story lives. Eighty-six sales, up from 58, is a 48% jump and the highest condo apartment count Markham has seen in this cycle. The average is down 14.0%, and the median is down 9.2%, so buyers are getting a genuine discount, and they are taking it. This is the segment I have been saying for over a year would offer first-time buyers a real window, and the data now shows them walking through it. The catch, and I want to be straight about this, is that condos are still the slowest thing to sell in Markham at 37 days, and the sale-to-list ratio is 98%, the softest of any segment. If you are selling a condo here, you are competing.
Condo townhouses show an average that went up 8.0% while the median went down 3.2%. That gap is a sample-size artifact. 33 sales are better than the 17 we had a year ago, but it is still a small enough pool that one or two big trades can skew the average. Use the median for this segment. It is telling you that the typical condo-townhouse is roughly flat.
What Has Markham Real Estate Done Over the Past 12 Months?
| Month | Average Price | Sales | SNLR | MOI |
|---|---|---|---|---|
| June 2026 | $1,136,454 | 360 | 38.8% | 4.3 |
| May 2026 | $1,199,667 | 303 | 37.4% | 4.5 |
| 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 |
Source: TRREB Market Watch, July 2025 through June 2026
Over the past 12 months, Markham's average price has traded within a band between $1,068,928 (February 2026) and $1,246,087 (July 2025), with June 2026 at $1,136,454. What has genuinely changed is activity. Sales climbed from a winter low of 163 in January to 360 in June, the highest in the window, while the SNLR pushed from 34.5% to 38.8% and months of inventory tightened from 4.7 to 4.3. The sale-to-list ratio has now sat below 100% for thirteen straight months.
Read the average price column, and you see chop. Read the sales column, and you see a straight line up since January. That contrast is the whole point of this table. The price line is noisy because the mix of what sells changes month to month. The volume line is not noisy, and volume is the leading indicator. Demand comes back first, absorbs the inventory, and only then does pricing follow. We are in the middle part of that sequence.
The SNLR is the clearest evidence. It has climbed every single month since January, from 34.5% to 38.8%. TRREB treats 40% as the floor of a balanced market, and Markham is now 1.2 points away from it after sitting in the mid-thirties for a solid year. Months of inventory have come down from its 4.7 winter peak to 4.3. Nothing here is dramatic on any single month. Put six months of it end to end and the direction is not in question.
Thirteen straight months of sale-to-list below 100% is the flip side. Buyers have had room to negotiate for over a year now, and they still do. But the room is not widening. It has been pinned at 99% for two months while sales volume set records, and that is not usually a combination that lasts.
How Did Markham's June Compare to May 2026?
| Metric | May 2026 | June 2026 | Change |
|---|---|---|---|
| Average Price | $1,199,667 | $1,136,454 | -5.3% |
| Median Price | $1,160,000 | $1,071,000 | -7.7% |
| Total Sales | 303 | 360 | +18.8% |
| New Listings | 753 | 794 | +5.4% |
| Active Listings | 1,166 | 1,172 | +0.5% |
| SNLR | 37.4% | 38.8% | +1.4 pts |
| Average Days on Market | 27 | 29 | +2 days |
| SP/LP | 99% | 99% | 0 |
Source: TRREB Market Watch, June 2026 and May 2026
Markham sales rose another 18.8% month over month in June, from 303 to 360, while new listings climbed 5.4% to 794. The average price gave back 5.3% to $1,136,454, and the median fell 7.7% to $1,071,000, reflecting the shift toward condo and townhouse sales. SNLR improved from 37.4% to 38.8%, and SP/LP held at 99%.
Two back-to-back months of double-digit sales growth, and 360 sales absorbed against just 794 new listings. Active inventory barely moved, even though sellers put more product on the market, which suggests buyers cleared almost everything the new listings added. That is the definition of a market tightening from the demand side rather than the supply side.
In May I flagged that supply was shrinking and demand was rising. June confirmed the demand half decisively. The supply side is more mixed, since new listings ticked back up by 5.4%. What I will be watching is whether that was one month of sellers testing the water or the start of a real July wave.
Across York Region, the same spring energy is landing very differently by municipality. Markham hit 360 sales and Vaughan 333, but Richmond Hill managed 230 with a much looser 32.6% SNLR and 5.7 months of inventory, and Aurora came in at 76. Markham is not just participating in the York Region recovery; it is leading it.
For the full breakdown of last month's numbers, take a look at our Markham May 2026 Market Update.
What This Means Heading into July 2026
What Should Markham Sellers Do Right Now?
You are selling into the strongest demand Markham has had in over a year, and you are doing it with 11% less competing inventory than last June. That is a good hand. What it is not is a licence to price on hope. Sale-to-list is stuck at 99%, which means the market is still correcting most list prices downward before the deal closes. Price at the number the last three comparable sales actually closed at, not the number your neighbour listed at and then withdrew. The homes that are moving in 20 days are the ones priced where the data says they belong.
Is This a Good Time to Buy in Markham?
If you are buying a condo apartment or a condo townhouse in Markham, this is the best set of conditions you are going to see for a while. Prices are down 9% to 14% year over year; there were 86 condo apartment sales last month against 200 new listings, and homes are sitting 37 days. That is time to inspect, time to think, time to negotiate. I have said for a year and a half that the condo softness was a real window for first-time buyers and that it would not stay open forever. The 48% jump in condo sales suggests others are figuring that out too. If you are buying detached, understand that segment is barely down, and it is not the bargain the headline suggests. Different segments, different games.
What to Watch in July 2026
Three markers. First, the 40% SNLR line. Markham is at 38.8% and has climbed for five straight months. Cross 40% and TRREB calls it a balanced market, and the negotiating leverage buyers have enjoyed for thirteen months starts to thin out. Second, watch whether the sale-to-list ratio finally breaks back to 100%. It has been pinned at 99% for two months while volume set records, and that gap is where the pressure is building. Third, the Bank of Canada overnight rate is sitting at 2.3%. It has held there through the spring. If it moves lower, the borrowing math improves again and the buyers who have been sitting on the sidelines all year get one more reason to stop sitting. If it moves up, everything above slows down. That one is genuinely out of anyone's hands, so watch it rather than bet on it.