Sales volume of existing houses recovered in Moose Jaw during June, posting $16.1 million, up from $11.5 million last June.
While monthly sales volume recovered, year to date sales volume of $53.9 million fell by $10.1 million, reflecting the pandemic lockdown in March, April, and May.
Year to date median home prices, according to the Saskatchewan Realtors Association, fell l1.4 per cent to $181,333.
In June, median home price was $220,000 up 11 per cent from last June, possibly reflecting pent-up demand and possibly more sales of higher–priced homes.
The number of sales in June was up almost one-third to 69 from 52 last June. But sales to the end of June were down 14 per cent to 201 units.
New listings fell to 93 from 100 last June. Listings from January to the end of June were 333 — a decline of 28 per cent.
Although inventory of houses for sale was below last year, average time on the market before a sale of 74 days increased three days.
The ratio of sale to listings at 74.2 per cent suggests “that market conditions favour sellers.”
Average prices in all nine Saskatchewan regions were down from last June with the smallest decline in Regina of .7 per cent to $293,000 and the largest decline of 20.9 per cent to $144,000 in Melfort.
All of the regions except Melfort experienced an increase in total dollar volume during June.
Ron Walter can be reached at [email protected]
