As the year winds down, many homeowners and buyers are asking the same question: “Is November a good time to buy or sell a house in Richmond Hill?”
The short answer: yes — if you approach it strategically. Know More With Us
Here’s what’s happening in the Richmond Hill real estate market and why November 2025 could be the ideal moment to make your move.
📊 Richmond Hill Real Estate Market Update – November 2025
According to the Toronto Regional Real Estate Board (TRREB):
- The average home price in Richmond Hill sits around $1.29 million.
- Detached homes average roughly $1.74 million.
- Across York Region, prices are down ~6 % year-over-year, while active listings are up 20 %.
👉 What it means:
- Prices have stabilized after two years of volatility.
- Buyers now enjoy more choice and negotiating power.
- Sellers who price accurately still attract solid offers.
With the Bank of Canada easing rates this fall, confidence is rebounding — making late 2025 a strong window before spring competition returns.
🏠 Why November 2025 Is a Smart Time to Buy in Richmond Hill
While many buyers pause for the holidays, serious movers benefit from calmer market conditions.
Advantages for buyers:
- 🧭 Less competition: Fewer bidding wars mean more leverage.
- 💬 Motivated sellers: Many need to close before year-end — they’re open to negotiation.
- 🏘️ More inventory: Listings are up 20 %, expanding options in Oak Ridges, Lake Wilcox, and other sought-after pockets.
- 💰 Improved affordability: Slight price dips and friendlier rates boost buying power.
Pro Tip: Use this season to evaluate insulation, heating, and energy efficiency — issues that surface best during colder months.
🏡 Why Selling in November Still Makes Sense
It’s a misconception that late-year listings don’t sell. In reality, November sellers face less competition and meet highly motivated buyers. Here’s why it works:
- 🌟 Low inventory = high visibility — your home stands out.
- 🎄 Pre-holiday emotion: Buyers picture being settled before winter festivities.
- 🗓️ Year-end urgency: Investors and relocating families want to close deals before Dec 31.
Quick Seller Tips:
- Stage with warm lighting and cozy décor.
- Highlight upgrades that save on heating or maintenance.
- Keep exterior walkways clear and inviting.
Proper pricing + professional staging = standout results even in late fall.
📈 Looking Ahead to 2026 – What to Watch
- Interest Rates: The recent 25-basis-point cut supports renewed demand.
- Listings: Elevated supply should balance pricing across segments.
- Seasonal Momentum: Early planners act now to avoid next spring’s rush.
In short — those who prepare in November will lead in 2026.
At Lina & Team Realty Inc. (RE/MAX Realtron), our expertise runs deep in the Richmond Hill market — from Lake Wilcox to Oak Ridges and beyond. Whether you’re buying your first home or preparing to list before year-end, our data-backed insights, strategic staging, and targeted marketing ensure your next move is positioned for success.
