Summary Of Condominium Apartment Transactions In Newmarket

• Sales: 5 condo apartments sold in March 2025, part of just 58 total home sales-a nearly 50% decline year-over-year, reflecting historic lows and weak demand[2][4].
• Average Condo Price: $563,000 in March 2025, holding steady compared to previous months[1][4].
• New Listings: Significant increase in new listings, with active inventory rising to 272 by April 2025-up nearly 70% from last year[2][4].
• Active Listings: 272 active listings at the end of March 2025, the highest level in years, contributing to a strong buyer’s market[2].
• Market Trend: Buyer’s market prevails as months of inventory hit 5.2, the highest ever for this time of year; prices have dipped (average home price just over $1,080,000, down $85,000 year-over-year), and buyers enjoy more negotiating power[2][4].
• Rental Market: No specific rental data provided for 2025; however, the town continues to prioritize affordability and diverse housing options for residents[3].

Why Choose Newmarket?

Newmarket offers a diverse range of housing options, ongoing affordability initiatives, and a strategic location within York Region. With inventory at multi-year highs and prices softening, buyers in 2025 benefit from increased choice and leverage in negotiations. The town’s commitment to inclusive, sustainable communities further enhances its appeal for families, first-time buyers, and investors seeking long-term value.