Home sales in January in Moose Jaw and region saw better growth than during the same time last year, according to data from the Saskatchewan Realtors Association.
The region saw an increase in home sales of 44 per cent last month, jumping to 36 homes sold compared to 25 in 2019. In Moose Jaw itself, sales were up 13.6 per cent, or an increase to 25 from 22. This led to a sales dollar volume increase of 8.4 per cent in the city — to $5.3 million from $4.8 million — and an increase of 25 per cent in the region, to $6.6 million from $4.9 million.
Listings were also up in both the city and the region, the association’s data showed. In Moose Jaw listings increased to 77 in January compared to 54 last year, or a jump of 42.6 per cent. Meanwhile, listings in the region jumped to 107 from 79, or an increase of 35.4 per cent.
However, active listings are down to 434 this year compared to 455 last year, but are still above the five-year average of 417 and the 10-year average of 367 listings. The sale-to-listing ratio was 34 per cent in the region and 32 per cent in the city, leading toward favouring homebuyers.
Average home prices were down 13.1 per cent in the region to $184,107 from $159,989, while they were down 4.6 per cent in Moose Jaw to $210,446 from $220,656. The MLS home price index, however, reflects a slight increase to $202,500 from $199,600, or 1.5 per cent.
Homes are sitting on the market for less time than last January. In the region, the average days on the market were 96.3, which is a decrease from 104.8 days, or 8.1 per cent. In Moose Jaw, homes were on the market for 88.6 days, compared to 101.6 last January, or 12.8 per cent.
