How do you read a Markham listing's history of price cuts, days on market and relists?A listing history shows when a home was listed, at what prices, and whether it was terminated, expired or relisted. In Markham, the current listing averaged 34 days on market in September 2026, but the property as a whole averaged 50 days once earlier listings were counted. That gap shows how often homes are relisted. Several price cuts or relists usually mean the home was priced above what buyers would pay, not that something is wrong with it. Use the history to understand the seller’s position, then confirm with recent sales and an inspection.
The listing in front of you is only the latest chapter. Many Markham homes have been listed before, sometimes more than once, at different prices.
Michael John Lau, a REALTOR® with the Kaizen Real Estate Team, one of the most active real estate teams in Markham and York Region, pulls the full listing history for every home a buyer is serious about, because it often explains the price better than the description does. This guide builds on how to read a Markham listing like a local.
Listing days vs. property days
| Markham, September 2026 (TRREB) | Average |
|---|---|
| Listing days on market (current listing only) | 34 |
| Property days on market (including earlier listings) | 50 |
| Sale price as a share of list price | 98% |
When a home is terminated and relisted, the listing days restart. The property days do not. Always ask for both.
Common statuses
| Status | What it means |
|---|---|
| New | Freshly listed |
| Price change | List price raised or lowered |
| Terminated | Seller and brokerage ended the listing early |
| Expired | Listing reached its end date without selling |
| Suspended | Temporarily off the market |
| Sold conditional | An offer was accepted with conditions |
| Sold or leased | The deal closed or a lease was signed |
What patterns can signal
| Pattern | Often means | Ask |
|---|---|---|
| One small price cut after a few weeks | Normal adjustment | What feedback did they get? |
| Several cuts over months | Started above market | Where are recent comparable sales? |
| Terminated and relisted lower | Fresh start at a new price | How long in total? |
| Sold conditional, then back on market | A deal fell through | Why? Financing, inspection or appraisal? |
| Listed, then pulled and relisted higher | Testing the market or strong interest | What changed? |
| Long history and no cuts | Seller may not need to sell | Is there a deadline? |
Want the full history on a home you like?
Michael John Lau can pull past prices, relists and recent sales and explain what they mean.
Book a buyer consultationSearch Markham homesPrefer to talk? Call the Kaizen Real Estate Team at (647) 370-8885.
A deal that fell through
A home that went sold conditional and came back is worth a closer look, but it is not always a warning sign. Many deals collapse because the buyer could not sell their own home or get financing. If an inspection was the reason, ask about it, and get your own inspection.
Questions for the listing agent
- How long has the property been on the market in total, across all listings?
- Why was it terminated or relisted?
- Have there been any offers, and why did they not work?
- Is the seller already moving, or do they have a deadline?
- Are there any known issues found during earlier deals?
Agents will not share everything, but the answers they do give, and how they give them, are useful.
Using history in an offer
- A longer history can mean a seller is more open to price or terms.
- Do not assume a low offer will work; compare with recent sales.
- Flexible closing dates or clean terms can matter as much as price to a tired seller.
- Respect the seller; a fair offer with clear reasons is more likely to succeed.
Where to get the history
Your REALTOR® can pull the full listing and sold history from the MLS System, including past prices and statuses. Some websites show parts of it, but they may miss terminated listings or show old data. Sold prices are best confirmed through your REALTOR®.
Read it together with the house
The history explains the seller’s position. It does not tell you the condition of the home or whether it fits your needs. Combine it with a showing, recent sales and an inspection. See the home inspection checklist. Ultimately, the decision is yours. The goal is to make sure you have all the information before you offer.
A listing history tells you the seller’s story. Recent sales tell you the price. Call the Kaizen Real Estate Team at (647) 370-8885 or book a consultation.
Frequently asked questions
What does days on market mean?
How long a home has been listed. Listing days count the current listing; property days include earlier listings.
Why do homes get relisted?
Often to reset days on market at a new price, or after a change of brokerage.
Is a house with price reductions a bad sign?
Usually it means the home started above market. Check condition separately.
What does terminated mean on a listing?
The seller and brokerage ended the listing before it expired, often to relist or pause.
What if a home went sold conditional and came back?
A deal fell through, often for financing or the buyer's own sale. Ask why, and get your own inspection.
How do I see a home's full listing history?
Ask your REALTOR to pull it from the MLS System, including past prices and statuses.
Michael John Lau and Neeraj Moolchandani are licensed REALTORS® with the Kaizen Real Estate Team, eXp Realty, Brokerage, 9763 Markham Rd, Markham, ON L6E 1A4. Licence #4784577. Call (647) 370-8885. Days on market and sale-to-list figures are from TRREB Market Watch (September 2026, released October 6, 2026). Status definitions are general descriptions of MLS System terms. This article is general information only and is not financial, legal or tax advice. Not intended to solicit buyers or sellers currently under contract with another brokerage.
