Newmarket August 2026 Market Update

By Shawn Zigelstein, Broker | Team Zold, Royal LePage Signature Realty

Published September 2026

Newmarket had a quietly strong August. The average sale price hit $1,048,321, which is up 5.3% from last year and marks the second consecutive month above the million-dollar line. The median landed at exactly $1,000,000 for the first time in months. And those numbers arrived on the exact same sales volume as last August: 83 transactions, identical to August 2025. These price gains aren't being inflated by a spike in luxury sales or a sudden rush of activity; they're the product of steady, organic tightening.

What stands out most is how efficiently homes are selling here. The sale-to-list price ratio hit 99%, the highest in York Region (tied with Markham at 98%). Days on market dropped to 30, a full week faster than last August and the quickest turnaround in the region. Sellers aren't giving up ground on price, and they're not waiting long to close.

The tightening has a straightforward cause. New listings fell 13% year-over-year, from 184 down to 160. Fewer homes coming to market, with the same number of buyers pulling the trigger, means less room to negotiate. The SNLR climbed to 38.0%, up from 37.2% last year and noticeably higher than the 33.8% this market posted back in February. Newmarket is still the most affordable major market in York Region at that $1,048,321 average, which continues to attract buyers who are priced out of Vaughan, Markham, or Richmond Hill.

How Did Newmarket Real Estate Change Year Over Year in August 2026?

Here is the full year-over-year breakdown for Newmarket:

What Has Newmarket Real Estate Done Over the Past 12 Months?

The 12-month view shows a market that bottomed out over the winter and has been steadily building momentum since. Average prices dipped below $920K in January, climbed through spring, and have now posted three consecutive months above $960K with two of those clearing $1M. The SNLR tells a similar story: it sat at 33.8% in February and has ticked higher each month, reaching 38.0% in August. Months of inventory peaked at 4.6 in February and has gradually compressed to 4.2. The direction is clear even if the pace is measured.

How Did Newmarket's August Compare to July 2026?

August picked up right where July left off, with one more sale (83 vs. 82) and a significant jump in pricing. The average rose 8.4% from $966,817 to $1,048,321, and the median jumped 11.7% from $895,000 to $1,000,000. Those are notable month-over-month swings, but context matters: July was softer than usual, sitting between a strong June and what turned out to be an even stronger August. The rebound looks large partly because July was the low point.

New listings dropped 17.5%, from 194 in July to 160 in August. Active inventory followed, falling from 331 to 301. Months of inventory held flat at 4.2, which means the supply reduction and the sales increase essentially offset each other. The SNLR ticked up half a point to 38.0%. Nothing dramatic on any single metric, but the overall picture is a market that tightened on less supply while prices corrected upward from a soft July.

What This Means for You

If You're Selling

Pricing accurately is critical. Newmarket sellers are in a good position right now, probably better than many of them realize. A 99% sale-to-list ratio means that well-priced homes are getting very close to full asking, and 30 days on market is the fastest in York Region. The key word there is "well-priced." This isn't a market where you can overshoot by $50,000 and expect multiple offers to bail you out. It is a market where accurate pricing gets rewarded quickly. With new listings down 13%, you also have less competition than sellers faced at this time last year. That combination of faster sales, stronger ratios, and thinner competition is about as good as it gets in a balanced market.

If You're Buying

You have choices, but the window is tightening. Newmarket remains the most affordable major market in York Region, and that gap is part of what keeps drawing buyers north. At $1,048,321, the average is still well below what you'd pay in Vaughan, Markham, or Richmond Hill for comparable housing. But "affordable" is relative, and the trend lines are moving against you. The SNLR has climbed every month since February. Inventory is shrinking. Sellers aren't discounting. If you've been watching Newmarket and waiting for a correction, the data doesn't suggest one is coming. The window where you could negotiate aggressively on price is narrower than it was six months ago.

What to Watch

The SNLR trajectory is the number to follow. It's moved from 33.8% to 38.0% in six months without any dramatic jump in sales volume. If that ratio crosses 40% on continued supply tightening, Newmarket will start behaving more like the southern York Region markets where multiple offers and over-asking sales are common. September listings typically pick up after the summer slowdown, so the next month will tell us whether August's supply drop was seasonal or structural. Watch whether new listings recover or stay suppressed. That will determine whether the pricing momentum holds into fall.

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