A Market That’s Quietly Shifted in Buyers’ Direction — and Back Again
According to the Toronto Regional Real Estate Board’s June 2026 Market Watch report, GTA REALTORS® reported 6,770 home sales through the MLS® System in June — an increase of 9.4 per cent compared to June 2025. At the same time, new listings fell by 12.9 per cent year-over-year to 17,282. That combination matters: more buyers competing for a shrinking pool of new inventory is exactly the kind of shift that tends to firm up prices over the following months.
For buyers currently searching in Richmond Hill and the wider York Region, this is worth paying attention to. The average GTA selling price in June was $1,058,658, still down 3.9 per cent year-over-year, and the MLS® Home Price Index Composite benchmark was down 5.4 per cent. In plain terms: prices have not caught up to the renewed sales activity yet, which means well-prepared buyers still have room to negotiate — but that window tends to narrow as sales momentum builds.
What This Looks Like on the Ground in Richmond Hill
Richmond Hill continues to draw buyers who want family-sized homes with easy access to Highway 404/407, GO Transit, top-rated schools, and the retail and dining along Yonge Street. Detached homes remain the most sought-after property type across York Region, and with GTA-wide detached sales up 9.1 per cent year-over-year in June while average detached prices were still down 2.0 per cent, this segment is one of the more balanced places to be searching right now.
Practical Steps for Buyers Right Now
- Get pre-approved before you tour. With average selling-price-to-list-price ratios sitting around 98% GTA-wide, competitive offers still happen on the right property.
- Watch days-on-market, not just price. GTA-wide average days on market were 29 (listing) and 42 (property) in June — homes priced and presented well are still moving at a reasonable pace.
- Work with someone who tracks Richmond Hill and Markham specifically. GTA-wide numbers are a useful backdrop, but neighbourhood-level pricing in York Region can move differently month to month.