Market Data on Annual Basis

Long Term Trend (1996 - 2022)

From 1996 to 2022 Spring, Newmarket average home price increased 6.6 times from $200,000  in 1996 to t $1.32 million in 2022, annualized growth of 25%.

If we divide it into 5 phases we might be able to feel the dynamic in different cycles:

1996-2001, home prices rise moderately, with an annualized price increase of 4%

2001-2006, home prices continued to rise faster, with an annualized price increase of 7%

2006-2011, home prices were experiencing the 2008 financial crisis and moved sideways; but overall still with an annualized price increase of 5.5%

2011- 2016, housing prices rose aggressively, with an annualized price increase of 17%;

from 2017 to Q1 2022, the housing prices fluctuated violently, with an annualized price increase of 11%,

followed by hitting a record high at that time in 2017 with a sharp dive and staying low for two years until rocketing to the historical peak in Q1 2022.

Q2 2022 to Present, Newmarket is experiencing the next 5-year cycle!