June 2026 confirmed that Markham's spring recovery has real staying power. Sales jumped another 18.8% month-over-month to 360 transactions, the second consecutive month of double-digit growth, while the average price pulled back 5.3% to $1,136,454 and homes sold nearly a week faster than they did in May. Across the GTA, TRREB's June Market Watch, released July 3, told a consistent story: sales up 9.4% year-over-year, new listings down 12.9%, and conditions tightening enough that the board's own economists are now forecasting renewed price growth in the second half of the year. Here is the complete Markham data, the GTA context behind it, and what it means if you're buying or selling in York Region this summer.
Markham in June 2026 — The Headline Numbers
Three numbers define Markham's June: a sharp rise in transaction volume, a meaningful pullback in average price, and a dollar volume that grew even as the average deal size shrank — evidence that more buyers, not just bigger ones, drove the month.
▲ +18.8% vs May
▼ −5.3% vs May
▲ +12.6% vs May
May vs June 2026 — Complete Markham Comparison
Every demand-side metric improved again in June. Unlike May, though, June's price direction moved the other way — a signal worth reading carefully alongside the volume and speed numbers rather than in isolation.
Metric | May 2026 | June 2026 | Month-over-Month |
|---|---|---|---|
Sales | 303 | 360 | ▲ +18.8% |
Dollar Volume | $363,498,992 | $409,123,534 | ▲ +12.6% |
Average Price | $1,199,667 | $1,136,454 | ▼ −5.3% |
New Listings | 753 | 794 | ▲ +5.4% |
Active Listings | 1,116 | 1,172 | ▲ +5.0% |
Days on Market | 38 days | 43 days | ▲ +13.2% |
Sales-to-New-Listings Ratio | 40.2% | 45.3% | ▲ +5.1 pts |
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The key signal in this data: Sales rose 18.8% while new listings grew only 5.4% — demand is outrunning new supply by more than 3-to-1. That's the same dynamic that drove May's tightening, now compounding for a second straight month. The sales-to-new-listings ratio climbed to 45.3%, its highest point of the year, which is why buyers are moving through inventory almost a week faster than they were in May.
Reading the Price Drop Alongside the Volume Surge
An average price falling 5.3% in the same month sales jumped 18.8% can look contradictory, but it usually isn't. Dollar volume — the total value of every home sold — actually grew 12.6% in June. When sales volume rises faster than dollar volume, the math points to more transactions happening at accessible price points rather than a broad decline in what individual homes are worth. June likely saw stronger activity in the townhome and lower-detached segments that pulled the average down, even as demand for Markham real estate overall strengthened.
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For buyers: Days on market increased from 38 to 43, providing buyers with a slightly wider negotiating window than they had in May. Even so, strong sales activity and a 45.3% sales-to-new-listings ratio show that demand remains healthy. For sellers, the market continues to reward homes that are priced accurately and presented well. Those aligned with current buyer expectations are still the ones generating the strongest interest and the best results.Why June Accelerated Past May
June's numbers build directly on the momentum May established, and TRREB's own June 2026 Market Watch points to the same forces playing out region-wide.
The "Two Halves" Forecast Is Playing Out
TRREB's 2026 outlook called for a slow first quarter followed by a stronger back half of the year. President Daniel Steinfeld confirmed the board is now seeing exactly that shift show up in the second-quarter numbers, with accelerating transactions expected to continue into the back half of 2026.
Listing Supply Is Contracting Faster Than Demand
GTA-wide new listings fell 12.9% year-over-year in June, while Markham's own new listings grew only modestly month-over-month (+5.4%) against an 18.8% jump in sales. Fewer relative options are pushing more of June's buyer pool toward the homes that are available.
The Rate of Price Decline Is Shrinking
TRREB Chief Information Officer Jason Mercer noted that while the average GTA selling price is still down year-over-year, the pace of that annual decline has been shrinking over recent months. That easing is giving more buyers the confidence to transact rather than wait for a lower entry point.
Pent-Up Demand From a Slow Start to 2026
First-half 2026 sales across the GTA edged higher than the same period in 2025, even after a soft opening quarter. Buyers who held off through Q1 appear to be the ones now transacting in Q2, concentrating demand into fewer months.
The GTA Picture — June 2026 in Context
TRREB's June 2026 Market Watch, released July 3, gives the region-wide backdrop for Markham's local numbers. The headline: sales rising, new listings falling, and price declines that are decelerating rather than deepening.
▲ +9.4% YoY
▼ −12.9% YoY
▼ −3.9% YoY
GTA Metric | May 2026 | June 2026 | Month-over-Month |
|---|---|---|---|
Sales | 6,583 | 6,770 | ▲ +2.8% |
New Listings | 17,698 | 17,282 | ▼ −2.4% |
Average Selling Price | $1,069,700 | $1,058,658 | ▼ −1.0% |
MLS® HPI Composite (YoY) | −6.7% | −5.4% | ▲ Decline easing |
On a seasonally adjusted basis, TRREB reports June sales rose month-over-month against May while new listings declined over the same stretch — the clearest sign yet that spring's buyer momentum carried through into early summer rather than fading. Both the average selling price and the MLS® HPI Composite also edged up slightly month-over-month on a seasonally adjusted basis, even though both remain lower than a year ago.
"We expect accelerating transactions and more competition between buyers in the last six months of the year, helping to satisfy pent-up demand and ultimately resulting in renewed price growth," Steinfeld said, describing a second quarter that followed the board's "year of two halves" forecast for 2026.
Daniel Steinfeld — President, Toronto Regional Real Estate Board (TRREB)
Mercer noted the annual rate of price decline has been shrinking in recent months, and said prices could move in line with 2025 — and eventually post increases — if conditions keep tightening through the second half of the year.
Jason Mercer — Chief Information Officer, Toronto Regional Real Estate Board (TRREB)
DiMichele pointed to development charges as a major driver of upfront housing costs, noting they can add up to 20 per cent to a home's purchase price, and highlighted the Canada-Ontario DC Reduction Program as a chance for municipalities to ease that burden.
John DiMichele — Chief Executive Officer, Toronto Regional Real Estate Board (TRREB)
What the GTA Numbers Mean for Markham Specifically
Markham's June average price of $1,136,454 sits roughly $78,000 above the GTA-wide average of $1,058,658 — a premium consistent with what the community has commanded through the recovery, reflecting school catchments, mature streetscapes, trail access, and comparatively low property tax rates within the 905. What's changed since May is the pace: Markham's days-on-market decline (−23.7%) is outrunning the GTA's overall tightening, suggesting local demand is compounding faster than the regional average right now.
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The signal buyers should watch: GTA new listings fell 12.9% year-over-year in June while sales rose 9.4%. In Markham, that same demand-outrunning-supply pattern is even more pronounced. TRREB's own economists are forecasting renewed price growth into the second half of 2026 if this trend holds — meaning the negotiating room buyers have enjoyed through the price correction is a shrinking window, not a permanent condition.
What June's Numbers Mean for Buyers and Sellers in Markham
Here's how the Kaizen Real Estate team reads June's data in practical terms for buyers and sellers active in Markham right now.
"What stands out to me in June is that the price pullback and the sales surge are telling the same story from two angles — more buyers transacting at accessible price points, not weaker demand. Dollar volume up 12.6% while the average price is down confirms that. Anyone reading only the average-price line is missing the more important signal underneath it."
Michael John Lau — Kaizen Real Estate
"For sellers, a 29-day average and a 45% sales-to-new-listings ratio mean the market is rewarding realistic pricing faster than it has all year. TRREB is now forecasting renewed price growth in the second half — if you're weighing a fall listing against a summer one, June's data suggests the buyer pool you'd be competing for is already active today."
Neeraj Moolchandani — Kaizen Real Estate
Now That It's July — What the Rest of Summer Typically Brings
June's numbers are now behind us, and Markham has entered the stretch of the calendar that historically shapes how the fall market opens. Here's what July and August typically mean locally, read against what June's acceleration suggests about this particular summer.
July Dynamic
The Post-Spring Filter
July is when listings that lingered through May and June either find a buyer or get pulled ahead of the traditional August slowdown. With June's sales-to-new-listings ratio at a 2026 high of 45.3%, well-located, well-priced homes entering the market in July are stepping into an already-tightened buyer pool rather than a cooling one.
August Dynamic
The Summer Pause — Smaller Than Usual This Year
Transaction volume typically softens through late summer as families travel and school-year urgency fades. But June's momentum — sales up for a second straight month and days on market down nearly 24% — suggests this year's pause may be shallower than 2024 or 2025's. Motivated buyers who remain active in August tend to face less competition for their attention, even in a tightening market.
September Signal
Setting Up the Fall Market
TRREB's forecast for accelerating second-half transactions means the fall rebound — historically the GTA's second busiest season — will open against a backdrop of new listings that are already down double digits year-over-year. If July and August continue June's pattern of demand outpacing supply, sellers could carry meaningfully more pricing leverage into September than they had a year ago.
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The summer market truth for Markham: A tightening market doesn't make summer a bad time to buy — it makes timing matter more. With days on market down to 29 and TRREB forecasting renewed price growth into the back half of 2026, the negotiating room buyers still have today is measurably narrower than it was in May, and by the data's own trajectory, narrower than it's likely to be in September.
Analyse Your Position — Kaizen Real Estate Can Help
Whether you're timing a purchase against June's accelerating demand, weighing whether to list now or wait for the fall, or tracking Markham's recovery for investment purposes, the Kaizen Real Estate team brings the financial modelling depth both decisions require.
Michael John Lau
Michael's CPA/CMA background means his market analysis covers the full financial picture behind a purchase or sale — all-in costs, carrying costs, and mortgage qualification at current rates for buyers; pricing grounded in monthly data rather than lagging benchmarks for sellers.
Neeraj Moolchandani
Neeraj translates the aggregate Markham numbers into street-level context — which pockets are seeing days-on-market compress fastest, and where June's price pullback is a mix effect rather than a value decline.