{"id":21304,"date":"2023-03-13T06:00:00","date_gmt":"2023-03-13T10:00:00","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=21304"},"modified":"2023-03-10T14:33:54","modified_gmt":"2023-03-10T19:33:54","slug":"home-selling-time-york-ontario","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/home-selling-time-york-ontario\/","title":{"rendered":"How Long Does it Take to Sell a House in York Region? [INFOGRAPHIC]"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The time it takes to sell a home has fluctuated drastically in the last few years. Between the pandemic, rising real estate prices and diminishing supply, and the interest rate hikes, the time to sell has varied, ranging from barely more than one week to well over one month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Zoocasa analyzed market data in the York Region to see how long it takes to sell a property now compared to how long it took in the years prior.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Read:<\/strong><a href=\"https:\/\/www.zoocasa.com\/blog\/trreb-feb-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong> Will the Spring Housing Supply be Enough to Meet the Growing Demand from Buyers?<\/strong><\/a><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">To do this, we looked at the<em> Property Days on Market<\/em> (PDOM) metric provided by the Toronto Regional Real Estate Board (TRREB). This metric is helpful for buyers and sellers during the research phase of their home purchase or sale, as it can provide context about the market activity in their area of interest.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1106\" height=\"2300\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/03\/Frame-25-9.png\" alt=\"\" class=\"wp-image-21310\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/03\/Frame-25-9.png 1106w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/03\/Frame-25-9-144x300.png 144w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/03\/Frame-25-9-492x1024.png 492w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/03\/Frame-25-9-768x1597.png 768w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/03\/Frame-25-9-739x1536.png 739w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/03\/Frame-25-9-985x2048.png 985w\" sizes=\"auto, (max-width: 1106px) 100vw, 1106px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Average Time to Sell Has Fluctuated Drastically Each Year<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The number of days on market have varied significantly since 2019. 2019 follows typical trends &#8211; a slower winter market, coupled with a more active spring market. Things changed quite drastically from there.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Read: <\/strong><a href=\"https:\/\/www.zoocasa.com\/blog\/last-time-prices-this-low-canada\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>The Last Time Canadian Housing Prices Were This Low<\/strong><\/a><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">2020 was of course the first year of the pandemic, and the housing market was quite slow during the second half of the year before the market picked up in early 2021 as restrictions eased. Historically low interest rates meant that buyers had less to worry about when it came to the cost of borrowing, and demand continued to grow. Even the typically slow winter months saw heightened demand, with properties only lasting an average of 19 days all throughout the York Region in December, well below the average in that month for every other year we compared.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Enjoying our content? Subscribe to our free<\/em><\/strong><a href=\"http:\/\/zoocasa.com\/newsletter\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><em> weekly newsletter<\/em><\/strong><\/a><strong><em> to get Canadian real estate market insights, news, and reports straight to your inbox.<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The heated market conditions continued in the first four months of 2022, with properties taking just 12 days to sell on average across February, March, and April. As interest rates increased, the average time to sell increased as well, with properties averaging 37 days on the market before. So far, 2023 is trending closer to&nbsp;2019, with an average of 31 property days on market in February for both years. <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zoocasa.com\/blog\/boc-march-2023\/\" target=\"_blank\">Since the Bank of Canada choose to hold rates<\/a>, sidelines buyers will likely be more tempted to get back into the market, and with greater competition, the average time on the market is likely to decrease.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">7 of 9 Cities Selling Faster Now Than Four Years Ago&nbsp;&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Greater affordability does not always equal fewer days spent on the market. In seven of the nine cities, properties are spending less time on the market on average this year than they were in 2019, despite the average price being 42.3% higher. The only two markets that are not selling at a quicker rate now are <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zoocasa.com\/vaughan-on-real-estate\" target=\"_blank\">Vaughan<\/a> and <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zoocasa.com\/king-on-real-estate\" target=\"_blank\">King<\/a>. King is one the most expensive places to buy in all of Canada with a current average price of $2,145,925, which would likely explain the drastic increase in average time to sell, with the price increasing by 53.8% since 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/www.zoocasa.com\/whitchurch-stouffville-on-real-estate\/filter?townhouse=false&amp;condo=false\" target=\"_blank\">Stouffville<\/a> has experienced the largest decrease in days on market, with a 21 day decline between now and 2019. Homes are selling in an average of 24 days on the market compared to 45 in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Looking for the perfect home in York? <a href=\"https:\/\/www.zoocasa.com\/buy-with-zoocasa\" target=\"_blank\" rel=\"noreferrer noopener\">Give us a call<\/a> to speak with one of our <a href=\"https:\/\/www.zoocasa.com\/company\/our-agents\" target=\"_blank\" rel=\"noreferrer noopener\">local agents<\/a> who can help you find your next dream home.<\/p>\n\n\n<div class=\"cta\">\n<div class=\"cta-left\">\n<div class=\"cta-title\">Considering a move to York Region?<\/div>\n<div class=\"cta-body\">Contact us today to talk to a Realtor in your area<\/div>\n<\/div>\n<div class=\"cta-right\"><a href=\"https:\/\/www.zoocasa.com\/buy-with-zoocasa\"><button class=\"cta-button\">Talk To Our Experts<\/button><\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The time it takes to sell a home has fluctuated drastically in the last few years. Between the pandemic, rising real estate prices and diminishing supply, and the interest rate hikes, the time to sell has varied, ranging from barely more than one week to well over one month. Zoocasa analyzed market data in the [&hellip;]<\/p>\n","protected":false},"author":119,"featured_media":21307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override":[{"single_blog_custom":"","sidebar":"","second_sidebar":"","share_position":"","share_float_style":"","post_date_format":"","post_date_format_custom":"","post_reading_time_wpm":"","zoom_button_out_step":"1","zoom_button_in_step":"1","number_popup_post":"1"}],"image_override":[{"single_post_thumbnail_size":"","single_post_gallery_size":""}],"trending_post_position":"","trending_post_label":"","sponsored_post_label":"","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo":"","sponsored_post_desc":""},"jnews_primary_category":{"id":""},"footnotes":""},"categories":[1111,1107,1160,1113],"tags":[],"class_list":["post-21304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada","category-infographics","category-market-insights","category-ontario"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Long Does it Take to Sell a House in York Region? 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How long would your home be on the market for in York, Ontario today?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zoocasa.com\/blog\/home-selling-time-york-ontario\/\" \/>\n<meta property=\"og:site_name\" content=\"Zoocasa Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Zoocasa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-13T10:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-10T19:33:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/03\/Zoocasa-How-Long-Does-it-Take-to-Sell-a-House-in-York-Region-Thumbnail.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"338\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Daniel Crook\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Zoocasa\" \/>\n<meta name=\"twitter:site\" content=\"@Zoocasa\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Daniel Crook\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/home-selling-time-york-ontario\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/home-selling-time-york-ontario\/\"},\"author\":{\"name\":\"Daniel Crook\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/2a4b65285e841ed26e0f85235df85c59\"},\"headline\":\"How Long Does it Take to Sell a House in York Region? 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