A Buyer’s Market with High Inventory and Price Adjustments
The real estate market in Markham during November 2025 continued to show a shift toward more balanced conditions, with significant increases in active listings giving buyers more choices, while average sold prices experienced year-over-year adjustments.
Markham Overall Market Snapshot
Comparing November 2025 to November 2024, the overall market saw:
- Active Listings Up: The total number of active listings surged by 17% to 1,036, providing greater inventory for prospective buyers.
- Average Sold Price Down: The overall average sold price saw a 10% decrease, settling at $1,149,893. This suggests that pricing strategies are critical and buyers are finding more negotiating room.
- Sales Activity Down: Total sales dropped by 13% to 219, indicating that despite the increased inventory and lower average price, buyer confidence and sales volume were still subdued compared to the previous year.
- Days on Market Up: Properties are taking longer to sell, with the average Days on Market increasing by 27% to 34 days, further underscoring the shift to a slower-paced market.
Performance by Property Type
Markham’s market trends varied significantly across different housing types:
- Detached Homes maintain the highest average price, but with increasing inventory and a moderate price decrease, the competitive pressure has eased for buyers at the top end of the market.
- Townhouses and Semi-Detached Homes experienced the most significant price drops (11% and 13% respectively), indicating a softening in the middle of the market. Interestingly, these property types saw a decrease in Days on Market, suggesting that appropriately-priced attached homes are still moving relatively quickly.
- Condo Apartments saw the longest time on market, with the average Days on Market spiking by 42% to 44 days, pointing to the largest challenge in absorbing the increased supply in this segment.
What This Means for You
- For Buyers: With a substantial increase in available listings and a consistent downward adjustment in prices across all property types, this November presented a clear window of opportunity. You have more choice, more time to make a decision, and a much stronger negotiating position than in previous years.
- For Sellers: The market is now highly sensitive to pricing. With more competition, over-priced homes are lingering, as reflected by the increased Days on Market and the downward pressure on average prices. To succeed, sellers must ensure their home is priced accurately from day one and expertly staged and marketed to stand out in the higher-inventory environment.
As the year comes to a close, market dynamics continue to favour the cautious and well-informed. Navigating this shifting market requires precise, localized data and a proven strategy.
If you are considering a move, let’s connect. I can provide a detailed analysis of your specific neighbourhood and property type to ensure you make the most strategic decision for your goals in today’s market.
Wishing you a wonderful start to December, and remember, I am never too busy for your referrals!