Is now a good time to sell a house in Markham?

Conditions currently favour prepared sellers. TRREB's July 2026 data shows GTA new listings down 17.8% year-over-year — a steep drop in competing supply — while sales held nearly steady, down just 0.9%. On a seasonally adjusted basis sales actually rose month-over-month as listings fell, meaning the market tightened further through the summer. Markham homes sold at about 101% of asking in July, one of the few GTA municipalities above list.

What are the latest Markham real estate numbers?

Per TRREB's July 2026 Market Watch: GTA sales were 5,995 (down 0.9% year-over-year), new listings fell 17.8% to 14,484, active listings dropped 12.1%, and the GTA average price was $1,003,956, down 4.5% from a year earlier. Markham recorded 554 sales in July at an average price of about $1,146,000, selling at roughly 101% of the list price — above the GTA average on both price and sell-to-list ratio.

Why do home prices lag behind market conditions?

Price statistics reflect what has already sold and closed, so they trail current conditions by months. The balance of sales to new listings shifts first; average prices confirm the change later. With July new listings down 17.8% year-over-year while sales held steady, supply tightened sharply — but the average price still reflects earlier softer conditions. That lag is precisely the window strategic sellers use, listing into tightening conditions before headline prices confirm them, when competition among sellers is thinnest.

Michael John Lau · REALTOR® · Market Update · Markham · July 2026 Edition

Markham Market Update for Sellers

Q: How is Markham different from the GTA average?

Markham trades above the GTA average and its neighbourhoods behave as distinct micro-markets. In July 2026, Markham sold at roughly 101% of asking — above list — while the broader GTA average price softened. Within Markham, some neighbourhoods sell over asking in under three weeks while others negotiate below list over six-plus weeks, which is why street-level comparables matter far more than a citywide figure.

This Month's Verdict: The squeeze on supply is intensifying. TRREB's July 2026 data shows GTA new listings down a steep 17.8% year-over-year while sales held nearly steady — fewer competing homes for the same buyers. On a seasonally adjusted basis the market tightened further through the summer, and Markham sold at about 101% of asking, one of the few GTA municipalities above list. Prices haven't caught up to the tightening yet, and that lag is the strategic seller's opportunity. Michael John Lau, a Markham REALTOR® with the Kaizen Real Estate Team, breaks down what it means for your sale.

The Current Data

July 2026: What the Data Says

Timing questions deserve data, not gut feel. Here's the most recent picture for the Markham and Greater Toronto Area market, drawn from TRREB's monthly Market Watch.

Metric (TRREB, July 2026)	Reading	Direction
GTA new listings	14,484 (−17.8% YoY)	Competing supply dropping sharply
GTA home sales	5,995 (−0.9% YoY)	Holding steady; up month-over-month (SA)
GTA active listings	26,098 (−12.1% YoY)	Inventory thinning
GTA average price	$1,003,956 (−4.5% YoY)	Trailing the tightening
Markham July sales	554 transactions	Active local market
Markham sell-to-list	≈101% of asking	Above list — buyers competing
Markham average price	≈$1,146,000 (above GTA average)	Varies sharply by neighbourhood

Sources: TRREB Market Watch, July 2026, and MLS®-derived local data. Figures are point-in-time and change monthly.

The Key Insight

Why Prices Trail the Real Story

The setup most sellers miss: steady sales against a sharp drop in new listings is how seller's markets tighten — but headline prices confirm it months later, because price statistics trail conditions. When new listings fall 17.8% and buyers are still active, each remaining well-priced home faces less competition. Sellers who wait for the headlines list into the crowd that read them too. Sellers who move on the leading indicators list while competition is thinnest.

The sellers who do best watch the leading indicators — the balance of sales to new listings, days on market — and act while competition among sellers is still thin. That timing edge, more than any single month's average price, is what a strategic listing captures.

Your Neighbourhood

Markham Isn't One Market

The citywide number is a starting point, not an answer. Markham's neighbourhoods behave as distinct micro-markets — some selling over asking in under three weeks, others negotiating below list over six-plus weeks. Your street's data matters far more than the city's. Check the current numbers for your community:

Unionville Angus Glen Cornell Berczy Village Cachet Wismer Markville Greensborough Raymerville Bullock Milliken Mills Cathedraltown All Neighbourhoods →

FAQ

Market Update — Questions

Is now a good time to sell in Markham?

Conditions favour prepared sellers: competing listings down 17.8% year-over-year while sales held steady, and Markham selling at about 101% of asking. Well-priced, well-presented homes meet active demand with fewer alternatives.

What are the latest numbers?

TRREB July 2026: GTA sales 5,995 (−0.9% YoY), new listings 14,484 (−17.8%), active listings −12.1%, average price $1,003,956 (−4.5% YoY). Markham recorded 554 sales at about $1,146,000 average, selling near 101% of asking — above the GTA average.

Why are prices flat if it's tightening?

Prices trail conditions by months. That lag is the strategic window — listing before headlines confirm what leading indicators already show.

How is Markham different from the GTA average?

Markham trades above it, and its neighbourhoods are distinct micro-markets — some over asking in under three weeks, others negotiating for six-plus. Neighbourhood comparables decide.

What Does This Market Mean for Your Home?

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📞 (416) 700-0286 · ✉️ info@callmikelau.com
www.callmikelau.com · www.livinginmarkham.ca · www.kaizenrealestate.ca

Michael John Lau is a licensed REALTOR® with eXp Realty, Luxury Division (License #4784577), serving home sellers in Markham and York Region, Ontario. Market data sourced from TRREB Market Watch (July 2026) and MLS®-derived statistics at time of writing; figures are point-in-time, approximate, and subject to change. Market commentary is not a guarantee of future performance. Nothing on this page constitutes legal, tax, or financial advice.