While the rest of York Region posts price declines of 7, 8, 9% year over year, Newmarket's average slipped 1.7%. While the regional average home takes 34 days to sell, Newmarket's takes 27, the fastest in the region. This is the quiet consistency I have come to expect from this market: not the flashiest, never the most volatile, just steadily absorbing everything sellers give it. And this July, sellers gave it 15% less than last year. So let's look at the numbers.
How Did Newmarket Real Estate Change Year Over Year in July 2026?
Newmarket recorded 82 sales in July 2026, down 9.9% from 91 in July 2025. The average price held nearly flat, down 1.7% to $966,817, with the median down 2.7% to $895,000. New listings fell 14.9% to 194 and active inventory came down 11.3% to 331, nudging the SNLR from 36.7% to 37.5% while homes sold five days faster than a year ago.
Here is the full year-over-year picture.
| Metric | July 2025 | July 2026 | Change |
|---|---|---|---|
| Average Price | $983,445 | $966,817 | -1.7% |
| Median Price | $920,000 | $895,000 | -2.7% |
| Total Sales | 91 | 82 | -9.9% |
| New Listings | 228 | 194 | -14.9% |
| Active Listings | 373 | 331 | -11.3% |
| SNLR | 36.7% | 37.5% | +0.8 pts |
| Average Days on Market | 32 | 27 | -5 days |
| SP/LP | 98% | 98% | 0 |
Source: TRREB Market Watch, July 2026 and July 2025
A 1.7% price decline in this environment is the strongest hold of any major market in York Region, and Newmarket earned it the structural way: it never had far to fall. This is the region's most affordable major market, the average here is the only one under a million dollars, and affordability is gravity in a downturn. When move-up buyers get cautious, they shop down the price ladder, and Newmarket is where the ladder starts. Demand at the entry level never really left, which is why the price barely did.
The speed number deserves its own paragraph. Homes sold in 27 days on average, five days faster than last July, in a month when every other big market in the region slowed down. Detached homes went even quicker at 23 days. A market where things sell faster than a year ago while prices hold is not a market where buyers are circling weakness, it is a market clearing efficiently at an agreed level. The 98% sale-to-list ratio, steady all year, says the same thing: about $18,000 of negotiating room on a typical home, no more, no less.
Fewer Listings, Same Appetite
Sales did come down 9.9%, and the reason is worth pinning down, because it is not demand walking away. New listings fell 14.9% and active inventory fell 11.3%. Newmarket runs on tight supply even in loose years, 4.2 months of inventory here matches Markham for the lowest in the region, and when sellers pull back in a market this small, sales volume has nowhere to go but down with it. The SNLR ticking up to 37.5%, third-highest in the region, confirms the demand side held its ground.
I said it in the spring and July kept proving it: Newmarket is a market with a floor under it. GO train access, entry-level freehold stock, and a price point a full $180,000 below the regional average keep a steady line of buyers at the door. The question here is never whether homes will sell. It is whether sellers will show up.
What Happened by Property Type in Newmarket This July?
Detached homes did 52 of the 82 sales at an average of $1,096,908, down 4.6% year over year, and sold in a region-leading 23 days. The smaller segments all posted steep declines, semis down 14.0%, freehold townhouses down 9.1%, condo apartments down 11.7%, but every one of them traded on single-digit sales counts where one closing swings the number.
Average Sold Price by Property Type
| Property Type | July 2025 | July 2026 | Change |
|---|---|---|---|
| Detached (52 sales) | $1,149,507 | $1,096,908 | -4.6% |
| Semi-Detached (12 sales) | $894,731 | $769,733 | -14.0% |
| Freehold Townhouse (9 sales) | $905,761 | $823,000 | -9.1% |
| Condo Townhouse (3 sales) | $696,143 | $841,330 | +20.9% |
| Condo Apartment (6 sales) | $579,556 | $512,000 | -11.7% |
Source: TRREB Market Watch, July 2026
Median Sold Price by Property Type
| Property Type | July 2025 | July 2026 | Change |
|---|---|---|---|
| Detached (52 sales) | $1,110,250 | $1,065,000 | -4.1% |
| Semi-Detached (12 sales) | $935,000 | $827,250 | -11.5% |
| Freehold Townhouse (9 sales) | $890,000 | $822,000 | -7.6% |
| Condo Townhouse (3 sales) | $725,000 | $709,990 | -2.1% |
| Condo Apartment (6 sales) | $540,000 | $466,000 | -13.7% |
Source: TRREB Market Watch, July 2026
Detached is the segment with enough volume to trust, and it looks solid. Down 4.6% on the average, 4.1% on the median at $1,065,000, closing at 98% of asking in 23 days. That is the fastest detached market in York Region, quicker than Markham at 31 days and Vaughan at 29. For sellers, the message is direct: a well-priced detached home in Newmarket sells in three weeks, and that has been true through every soft headline of the past year.
Below detached, read gently. Semis printed $769,733 on 12 sales, townhouses $823,000 on 9, condo townhouses $841,330 on 3, and condo apartments $512,000 on 6. Each of those declines looks dramatic, but at these volumes the monthly number mostly tells you which homes happened to close, not where the segment truly sits. The semi median of $827,250 actually sitting above the semi average this month is the classic small-sample tell. Across a quarter, the pattern in these segments is milder than any single month suggests, and I would treat July's prints as noise around a gently softening trend.
One real signal hiding in the small numbers: condo apartments at an average of $512,000 make Newmarket the cheapest condo entry point of any major market in the region, and those units took 59 days to sell at 96% of asking. If you are a first-time buyer working with numbers under $550,000, this is the one corner of a tight market where you hold all the time and most of the leverage.
What Has Newmarket Real Estate Done Over the Past 12 Months?
The average price has trended between $912,737 in January and $1,072,683 in May, finishing July at $966,817. Sales bottomed at 44 in December, peaked at 104 in May, and have settled in the 80s through the summer. The SNLR dipped as low as 33.8% over the winter and has climbed back to 37.5%, while months of inventory tightened from 4.6 to 4.2.
| Month | Average Price | Sales | SNLR | MOI |
|---|---|---|---|---|
| July 2026 | $966,817 | 82 | 37.5% | 4.2 |
| June 2026 | $1,018,511 | 88 | 37.4% | 4.2 |
| May 2026 | $1,072,683 | 104 | 37.0% | 4.3 |
| April 2026 | $998,202 | 85 | 34.9% | 4.4 |
| March 2026 | $978,941 | 64 | 34.4% | 4.5 |
| February 2026 | $971,554 | 46 | 33.8% | 4.6 |
| January 2026 | $912,737 | 48 | 34.3% | 4.4 |
| December 2025 | $1,002,379 | 44 | 33.9% | 4.4 |
| November 2025 | $953,743 | 60 | 34.9% | 4.3 |
| October 2025 | $1,021,156 | 75 | 36.6% | 4.0 |
| September 2025 | $1,002,082 | 83 | 37.1% | 3.9 |
| August 2025 | $995,420 | 83 | 37.2% | 3.8 |
Source: TRREB Market Watch, August 2025 through July 2026
Newmarket's history table is the least dramatic in York Region, and that is its message. The average has stayed inside a roughly $160,000 band all year while Stouffville swung $460,000 and King swung $1.4 million. Months of inventory never rose above 4.6, the tightest sustained supply in the region alongside Markham. And the sale-to-list ratio, aside from one 101% print in April, has parked at 97% or 98% the entire time. This market does not do drama. It does not do windfalls either. It clears, month after month, within a couple points of asking.
The one moving line is the SNLR: from a 33.8% winter low to 37.5% now, adding almost four points since February. Newmarket and Stouffville are the region's second-tightest markets by that measure, both behind Markham, and Newmarket has the added pressure of chronically low listing counts. If the ratio pushes through 40% this fall, Newmarket would cross into balanced territory with less inventory cushion than any market in the region.
How Did Newmarket's July Compare to June 2026?
Sales eased 6.8% from June's 88, the smallest summer step-down of any major market in the region, while new listings fell 21.1% to 194. The average slipped 5.1% to $966,817 and the median 4.9% to $895,000. The SNLR held effectively flat at 37.5%, and homes took three days longer to sell at 27.
| Metric | June 2026 | July 2026 | Change |
|---|---|---|---|
| Average Price | $1,018,511 | $966,817 | -5.1% |
| Median Price | $941,000 | $895,000 | -4.9% |
| Total Sales | 88 | 82 | -6.8% |
| New Listings | 246 | 194 | -21.1% |
| Active Listings | 339 | 331 | -2.4% |
| SNLR | 37.4% | 37.5% | +0.1 pts |
| Average Days on Market | 24 | 27 | +3 days |
| SP/LP | 98% | 98% | 0 |
Source: TRREB Market Watch, July 2026 and June 2026
The 5.1% monthly price dip looks sharper than it is. In a market that trades 80-some homes a month, the average swings a few percent on nothing more than which streets happened to close, and July's move sits well inside the year's normal range. The volume line is the better story: while the region's sales fell 17.5% into the summer lull, Newmarket's fell 6.8%. Demand here simply did not take the vacation it took everywhere else, and a fifth fewer new listings means the market enters the fall tighter than it entered the summer.
For a full breakdown of last month's numbers, take a look at our Newmarket June 2026 Market Update.
What This Means Heading into August 2026
What Should Newmarket Sellers Do Right Now?
You are selling in the region's most reliable market: 27-day average sales, 98% of asking, and 15% less competition than last July. Detached sellers in particular are in a strong spot, three-week timelines at near-asking prices are the envy of the region. The trap here is overreach. Newmarket buyers are value-driven by definition, they chose this market for affordability, and they will not chase an aspirational price when the house next door is priced to the comps. Price to the last ninety days and let the market's speed work for you.
Is This a Good Time to Buy in Newmarket?
Newmarket rewards decisiveness more than patience, and that has never been more true than now. The average is only 1.7% below last year, so waiting for a bigger discount here has not paid, and with 4.2 months of inventory and a rising SNLR, the odds it pays going forward are getting worse. What you do get is fair value at the region's lowest major-market price point, GO access, and a 98% ratio that leaves modest but real negotiating room. Move-up buyers should note the detached median at $1,065,000 sits a full $430,000 below Richmond Hill's. And if you can work with a condo, $512,000 average and 59 days of leverage is the best entry deal in the region.
What to Watch in August 2026
Listings first, always, in this market. New listings fell 21% from June to July and 15% year over year, and Newmarket's whole dynamic hinges on whether September brings sellers back. If it does not, expect the SNLR, already at 37.5%, to make a run at the 40% balanced line by fall, with the least inventory cushion in the region behind it. Second, watch that detached days-on-market figure: 23 days is fast, and if it drops under three weeks in the fall market, multiple offers become the default on well-priced detached homes. That is the practical threshold for buyers to stop expecting negotiating room.