MOOSE JAW — Moose Jaw was one of eight Saskatchewan communities to report double-digit price gains in home sales in July, while it also reported year-over-year price gains for the third straight month, data show.
There were 71 homes sold in Canada’s Most Notorious City last month, compared to 79 — a drop of 12 per cent — in July 2024, the Saskatchewan Realtors Association (SRA) said.
Furthermore, there were 98 new listings, an increase of 11 per cent; 141 units in inventory, a drop of five per cent; 1.99 months of supply, an increase of nine per cent; and homes spent 37 days on the market.
Also, the benchmark price of a home last month was $281,700, which was an increase from $242,262 — a jump of 14 per cent — compared to July 2024, the data showed. This is the third straight month that the benchmark price has increased year-over-year, as it jumped to $244,600 in June 2024 and increased to $244,200 in July 2024.
Also, the average price of a home in Moose Jaw last month was $278,865, an increase from $248,189.85 — a jump of 11 per cent — compared to July 2024.
“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 July show there are usually 59 home sales, 95 new listings, 281 units in inventory, 5.19 months of supply, 54 days on the market, a benchmark price of $224,070 and an average price of $252,117, the data show.
Furthermore, year-to-date data — Jan. 1 to July 31 — show there have been 360 homes sold, 500 new listings, 123 units in inventory, 2.39 months of supply, 44 days of homes on the market, a benchmark price of $269,629 and an average price of $272,188.
Meanwhile, the 10-year averages for year-to-date data show there are usually 332 homes sold, 638 new listings, 250 units in inventory, 5.50 months of supply, 58 days of homes on the market, a benchmark price of $216,797 and an average price of $247,268.
Provincial data
Saskatchewan’s housing market continued its hot streak last month, with a July record of 1,851 sales — up 11 per cent year-over-year and over 30 per cent above long-term, 10-year trends, the SRA said.
Year-to-date sales have also outpaced 2024 levels through this year, as last year was the province's second-best year for sales, underscoring the market’s strength.
Despite a year-over-year gain in new listings, record monthly sales resulted in province-wide inventory remaining unchanged from June, the SRA said. With over 1,000 of the 5,214 units already conditionally sold, only 4,174 active units remain heading into August.
“Saskatchewan’s housing market continues to benefit from a strong and growing economy, record population growth, and the lowest unemployment rate in the country,” said CEO Chris Guérette. “Our market is consistently surpassing expectations and outpacing many others across the nation, with a strong start to 2025 and now record-breaking monthly sales in July.”
Twenty-five consecutive months of above-average sales, paired with persistent supply challenges, continued to drive prices higher, the association said. In July, the residential benchmark price hit an all-time high of $372,700, up from $370,700 in June and over eight-per-cent higher than in July 2024.
“We’ve now seen record prices across dozens of communities for three consecutive months — with year-over-year price growth in the high (percentage) teens — something we’ve been warning about for months,” added Guérette. “We’re thrilled to see record demand and more people calling Saskatchewan home, but we need to keep building more, faster, if we want to maintain our affordability advantage.”
