MOOSE JAW — Home sales in Moose Jaw in April dropped nearly 10 per cent year-over-year, data show, while sales also declined by almost 20 per cent compared to March.
There were 58 home sales in The Friendly City last month, compared to 63 units — a drop of nine per cent — in April 2024, the Saskatchewan Realtors Association (SRA) said.
Furthermore, there were 75 new listings, which was a drop of 17 per cent compared to last April; 118 units were in inventory, a drop of 16 per cent; there were 2.03 months of supply, which was a seven-per-cent decrease; homes spent 48 days on the market; the benchmark price was $270,900, an 11-per-cent increase; and the average price was $264,479, a decrease of three per cent.
“Benchmark price reflects the price of a typical or average home for a specific location. Average and median prices are easily swayed by what is sold in that time frame,” the SRA explained.
“As a benchmark price is based on a typical home, price changes more accurately represent true price changes in the market as it is an apples-to-apples comparison.”
The 10-year averages for April show there are usually 51 home sales, 111 new listings, 265 units in inventory, 5.91 months of supply, 53 days of homes on the markets, a benchmark price of $218,080 and an average price of $255,033.
Furthermore, the year-to-date data — from Jan. 1 to April 30 — shows there have been 159 home sales, 225 new listings, 113 units in inventory, 2.84 months of supply, 54 days of homes on the market, a benchmark price of $261,400 and an average price of $247,826.
Meanwhile, the 10-year averages for year-to-date data show there are usually 149 home sales, 337 new listings, 226 units in inventory, 6.48 months of supply, 61 days of homes on the market, a benchmark price of $211,958 and an average price of $240,851.
Of note, there were 48 home sales in Moose Jaw in March, which means sales dropped by 10 units, or roughly 17.3 per cent, from month to month, data show.
Provincial dataSaskatchewan sold 1,470 homes in April, marking a 10-per-cent decline compared to April 2024, but also the second-strongest April on record, the SRA said. Sales also remained significantly above the 10-year average for the 22nd consecutive month — a clear sign of continued market strength. New listings were also down, falling over seven per cent year-over-year and sitting 17 per cent below the 10-year average. These persistent supply shortages continued to limit inventory recovery. “Our market continues to demonstrate remarkable resilience, with 22 straight months of sales outperforming long-term trends,” said CEO Chris Guérette. “Although sales decreased in April compared to last year, this isn’t a demand issue — it's an inventory issue. The current inventory situation directly impacts our market’s ability to sustain even higher sales.” By April 30, there were 4,371 active listings — up slightly from 3,851 in March. Despite this monthly increase, inventory was still down 18 per cent year-over-year and remains nearly 50 per cent below the 10-year average, the SRA said. Tight market conditions continued to drive higher home prices, as Saskatchewan’s residential benchmark price rose to a record-high $360,500 in April — up from $353,600 in March and more than six-per-cent higher than April 2024. “We’re pleased to see our market weathering both economic uncertainty and ongoing supply challenges,” Guérette added. “It remains a challenging time for prospective buyers, but we’re cautiously optimistic that the slight rise in inventory this month is a step in the right direction.” |
