Here’s a look at Newmarket’s numbers for June. The sales-to-new-listings ratio, which helps track sup
ply and demand, is now at 37.4%. That’s the tightest the market has been in the past year. Sales increased, and the number of active listings dropped by nearly 15%. Even so, the average home sold for $941,000, which is 10.3% lower than last year. Normally, a tighter market would push prices up, not down. Let’s take a closer look at what’s going on.
How Did Newmarket Real Estate Change Year Over Year in June 2026?
In June 2026, Newmarket recorded 88 home sales, up 4.8% from June 2025. The average price fell 4.1% to $1,018,511, and the median fell 10.3% to $941,000. Active listings dropped 14.6% to 339, pushing the sales-to-new-listings ratio up to 37.4%, its highest point in 12 months. Homes sold at 98% of asking in an average of 24 days.
Here is the full year-over-year comparison.
| Metric | June 2025 | June 2026 | Change |
|---|---|---|---|
| Average Price | $1,062,024 | $1,018,511 | -4.1% |
| Median Price | $1,049,000 | $941,000 | -10.3% |
| Total Sales | 84 | 88 | +4.8% |
| New Listings | 267 | 246 | -7.9% |
| Active Listings | 397 | 339 | -14.6% |
| SNLR | 36.4% | 37.4% | +1.0 pts |
| Average Days on Market | 22 | 24 | +2 days |
| SP/LP | 99% | 98% | -1 pt |
Source: TRREB Market Watch, June 2026
The average is down 4.1%. The median is down 10.3%. When the median falls more than twice as fast as the average, it means the middle of the market is where the softness lives. The high end is still transacting and still holding the average up. The ordinary Newmarket house, the one most of my clients are actually buying and selling, has repriced a lot harder than the headline average suggests.
The sale-to-list ratio at 98% is the practical number for anyone in a negotiation right now. On a home listed at $1.1 million, that is roughly $22,000 of room, and it has been a small but real amount of room for a while. SP/LP has now sat below 100% in 11 of the past 12 months. April 2026, at 101%, was the only exception. So this is not a temporary blip that buyers can wait out. It is what a normal month in Newmarket looks like.
More Buyers, Less Inventory, and Homes That Take Slightly Longer to Sell
Sales rose to 88 from 84, which is a modest gain but a gain. What moved much harder was supply. Active listings fell 14.6%, from 397 to 339, and new listings came off 7.9%. That is why SNLR pushed to 37.4%, the highest it has been since I started tracking this 12-month window. Fewer homes competing for a slightly larger pool of buyers.
And yet days on market went the other way, from 22 to 24. That combination tells you buyers are engaged but not rushed. They are showing up, they are looking at fewer options, and they are still taking their time and negotiating. Compare Newmarket to York Region as a whole in June: the region averaged 29 days on market with an SNLR of 34.8%. Newmarket is selling faster and tighter than the region it sits in, with an average price of $1,018,511 compared to York Region's $1,169,958. That affordability gap is doing a lot of work here.
What Happened by Property Type in Newmarket This June?
Detached homes made up 57 of the 88 sales, about 65% of the market, and their average price fell 6.8% to $1,157,968. Semi-detached was the softest segment on paper, down 11.2% to $773,300 on 11 sales. Freehold townhouses held up best, dropping only 3.6% to $880,222.
Average Sold Price by Property Type
| Property Type | June 2025 | June 2026 | Change |
|---|---|---|---|
| Detached (57 sales) | $1,242,511 | $1,157,968 | -6.8% |
| Semi-Detached (11 sales) | $871,000 | $773,300 | -11.2% |
| Freehold Townhouse (9 sales) | $912,736 | $880,222 | -3.6% |
| Condo Townhouse (5 sales) | $646,300 | $794,200 | +22.9% |
| Condo Apartment (5 sales) | $561,750 | $490,600 | -12.7% |
Source: TRREB Market Watch, June 2026
Median Sold Price by Property Type
| Property Type | June 2025 | June 2026 | Change |
|---|---|---|---|
| Detached (57 sales) | $1,175,000 | $1,110,000 | -5.5% |
| Semi-Detached (11 sales) | $890,000 | $771,500 | -13.3% |
| Freehold Townhouse (9 sales) | $908,000 | $850,000 | -6.4% |
| Condo Townhouse (5 sales) | $654,250 | $750,000 | +14.6% |
| Condo Apartment (5 sales) | $524,500 | $468,000 | -10.8% |
Source: TRREB Market Watch, June 2026
Detached is where the real repricing showed up, and it differs from what I wrote last month. In May, detached was flat year over year. In June, the average came off 6.8%, and the median came off 5.5%. That is roughly $85,000 off the average detached home and $65,000 off the typical one. Detached is still the engine of this market, at 65% of all sales; it still sold fastest at 20 days, and it still held 98% of asking price. But the price floor everyone assumed was solid moved.
Semi-detached deserves a closer read than the headline suggests. Down 11.2% on average and 13.3% on the median looks alarming, until you notice there were only 3 semi sales last June, compared to 11 this June. Comparing a three-sale month to an eleven-sale month is not a real comparison. What I would take from it instead is that semis are actually transacting now, and at prices in the $770,000 range they have become one of the few genuine entry points into freehold ownership in this town.
Read condo townhouses with real caution. Five sales this June, down from 10 last June, and the average jumped 22.9%. That is not a market moving up 23%. That is a handful of sales, and one nicer unit closing can swing the whole number. Same caution applies to condo apartments at 5 sales. Both are directional at best. What I will say about the apartment segment is that it took 43 days to sell, by far the slowest of any property type in Newmarket, and that has been consistent enough now to mean something.
What Has Newmarket Real Estate Done Over the Past 12 Months?
| Month | Average Price | Sales | SNLR | SP/LP |
|---|---|---|---|---|
| June 2026 | $1,018,511 | 88 | 37.4% | 98% |
| May 2026 | $1,072,683 | 104 | 37.0% | 97% |
| April 2026 | $998,202 | 85 | 34.9% | 101% |
| March 2026 | $978,941 | 64 | 34.4% | 97% |
| February 2026 | $971,554 | 46 | 33.8% | 98% |
| January 2026 | $912,737 | 48 | 34.3% | 97% |
| December 2025 | $1,002,379 | 44 | 33.9% | 97% |
| November 2025 | $953,743 | 60 | 34.9% | 98% |
| October 2025 | $1,021,156 | 75 | 36.6% | 97% |
| September 2025 | $1,002,082 | 83 | 37.1% | 98% |
| August 2025 | $995,420 | 83 | 37.2% | 97% |
| July 2025 | $983,445 | 91 | 36.7% | 98% |
Source: TRREB Market Watch
The 12-month arc is a trough-and-recovery pattern that has now paused. Prices bottomed at $912,737 in January 2026, climbed for four straight months, and peaked at $1,072,683 in May. June gave back $54,000 of that. At $1,018,511, Newmarket is still 11.6% above the January low and sitting third-highest in the window, so calling this a downturn would be reading too much into one month. Calling it the end of the spring run is fair.
SP/LP is the number I would keep on your fridge. It has been below 100% in 11 of the past 12 months, with April 2026 the lone exception at 101%. Nearly a full year of buyers holding some negotiating room. That is not a market in a frenzy, no matter what the inventory numbers say.
SNLR is the one to watch for a turn. It bottomed at 33.8% in February and has climbed every month since: 34.4%, 34.9%, 37.0%, and now 37.4%. Still under 40%, which keeps Newmarket in buyer's-market territory by the conventional threshold. But it is only 2.6 points away, and it is heading in one direction.
May 2026 vs June 2026
| Metric | May 2026 | June 2026 | Change |
|---|---|---|---|
| Average Price | $1,072,683 | $1,018,511 | -5.1% |
| Median Price | $973,750 | $941,000 | -3.4% |
| Total Sales | 104 | 88 | -15.4% |
| New Listings | 235 | 246 | +4.7% |
| Active Listings | 334 | 339 | +1.5% |
| SNLR | 37.0% | 37.4% | +0.4 pts |
| Average Days on Market | 25 | 24 | -1 day |
| SP/LP | 97% | 98% | +1 pt |
Source: TRREB Market Watch, June 2026
Month over month, the spring run stopped. Sales fell 15.4% from May's 104 to June's 88, and the average price came off 5.1%. Some of that is just the calendar. May is almost always the busiest month of the year in this market, and June cooling off from it is normal seasonal behaviour, not a warning sign.
What is worth noting is that new listings rose 4.7% while sales fell. That is the first time in a few months that supply has moved in the buyer's favour, even slightly. It was not enough to loosen anything, since SNLR still ticked up and SP/LP actually improved from 97% to 98%. But if sellers keep coming to market through July and August while buyer activity follows its usual summer slowdown, the pressure that has been building since February could ease. That is the thing to watch.
For a full breakdown of the May numbers, check out our Newmarket May 2026 Market Update.
What This Means Heading into July
For Sellers
You have fewer homes competing with you than at any point in the past year, and buyers are still buying at 98% of asking in 24 days. That is a decent position. What you cannot do is price off last June's comparables, because the typical Newmarket home is selling for 10% less than it did then, and detached specifically has come off about $85,000 on average. The homes that are sitting are the ones priced to a memory. Price to what is closing today, and this market will meet you.
For Buyers
Detached finally repriced. That is the news. After a year of Newmarket detached prices holding while other York Region markets softened, June brought the average down 6.8% and the median down 5.5%. Combine that with 98% SP/LP, roughly $22,000 of room on a $1.1 million listing, and 24 days to do your inspection and your homework, and this is a workable moment. The catch is inventory. With 339 active listings and SNLR at a 12-month high, you have less to choose from than you did a year ago, so the good ones are still going.
What to Watch in July
Two numbers. First, SNLR at 40%. Newmarket is at 37.4% and has climbed five months in a row. If it crosses 40%, this stops being a buyer's market by the conventional definition, and the negotiating room starts to close. Second, watch whether the uptick in new listings continues. June's +4.7% month over month was the first meaningful supply increase in a while. If July brings more sellers while summer thins the buyer pool, SNLR pulls back and buyers get some breathing room. If listings dry up again, the tightening resumes.