In Thornhill, the volume of homes listed for sale has been increasing even as buyer urgency has softened. According to recent market data, the average sale price in Thornhill is around $1,057,000, with indications that the “median days on market” are creeping toward 39 days. At first glance this doesn’t scream “60+ days” — but when you dig deeper into specific segments (larger detached homes, older inventory, or homes needing updates), the days on market stretch significantly longer.
Here’s a breakdown of why this is happening:
1. Rising Inventory + Buyer Caution = Slower Pace
In the broader Greater Toronto Area (GTA), listings are up and sales are down when measured year-over-year. For example, new listings in May 2025 rose by 14 per cent while sales dropped by 13.3 per cent. What that means: there are more options for buyers, giving them time to shop, compare and negotiate — which slows the selling process for many homes. In a neighborhood like Thornhill, where expectations have been built during stronger market years, sellers who price like the market hasn’t changed yet find themselves waiting.
2. Seller Price Expectations Don’t Match Buyer Reality
Many Thornhill homeowners still expect the ‘boom era’ pricing or assume their home will sell quickly because of the ‘location alone’. Yet buyers today are more discerning: interest rates, future maintenance costs, and competition from newer builds all factor harder in their decision-making. As one article put it: “buyers have certainly benefited from greater choice and improved affordability … the increased supply keeps downward pressure on prices.” When a home is priced above current comparable neighbourhood listings, or requires upgrades, it can sit — sometimes 60+ days — as buyers wait for price adjustments or walk away.
3. Condition, Presentation & Marketing Matter More Than Ever
In a slower market, everything that slows a sale becomes magnified: outdated finishes, lack of staging, poor photography, less-than-optimal floor plan. A home that might have sold in 30 days during the height of the market may now take 60+ simply because buyers have more homes to choose from and higher expectations. If your marketing doesn’t stand out, you’re at a disadvantage.
4. Segment-Specific Factors in Thornhill
- Detached homes: Larger ticket items mean fewer qualified buyers — while first-time buyers remain priced out, move-up buyers are more cautious.
- Older homes on larger lots: Many homes in Thornhill date back decades; buyers often calculate renovation/upgrade costs.
- Newer build competition: With new homes and subdivisions in nearby York Region, some older resale homes face head-to-head comparison.
- Market perception: As the region data shows, York Region overall is experiencing a small decline in average sale price (~-6 per cent year-over-year) and a growing listing base. All these create the conditions where listings linger.
What That Means For You — Sellers & Buyers
For Sellers:
- If your home hasn’t sold in 30 days, you’re already in the slow lane. In Thornhill, depending on home type, 60+ days is not uncommon unless you adapt.
- Time costs money: The longer you stay on market, the more likely you’ll have to reduce price, face perception of “stale” listing, lose negotiating power.
- You need a strategy: Competitive pricing, strong presentation (staging, professional photography, compelling listing copy) and targeted marketing are essential.
- Choosing an agent matters: You want someone who understands the current Thornhill market: what’s actually selling, how long it’s taking, which features matter now. That’s where I come in.
For Buyers:
- More leverage: In Thornhill and surrounding York Region, buyer conditions are stronger than in peak years — giving you more negotiating room and more time to decide.
- Be selective: With longer days on market, you can scrutinize listings more closely (condition, true value, layout) rather than feel forced into a rushed purchase.
- Watch for motivated sellers: Homes that have been listed for 60+ days may be more open to flexible terms.
- Work with someone in-the-know: An agent who understands the current market slow-down can guide you to better buys and help you avoid overpaying.
Why Contact Me — Richard Wang — Now
If you’re a Thornhill homeowner thinking of selling — or a buyer wanting to beat the crowd — you’ll benefit from someone who:
- Has up-to-date market intelligence on Thornhill, including how days on market are stretching and what truly differentiates a fast-selling home.
- Offers a tailored marketing plan, not a cookie-cutter script: we’ll evaluate your home’s condition, price it with precision, stage it for today’s buyer, and promote it smartly.
- Provides honest consultation, not hype: If your plan is “list high and wait”, you’ll likely end up in that 60+ day category. Let’s build a plan that gets you out in 30 days or less.
- Gives you local-neighbourhood exposure — because Thornhill is unique. A listing in Thornhill isn’t the same as any suburban market; I know what buyers here care about.
👉 Ready to move? If your home has been sitting — or you’re worried it might — get in touch today. Let’s assess where you stand, plot a realistic timeline and positioning, and make sure you’re not the one waiting while the market changes around you.
Don’t wait until your home becomes “the one that’s been on the market too long.” Contact me now and let’s give you the smartest shot at selling with confidence.
— Richard Wang, Your Thornhill & GTA Listing Specialist
Richard Wang 