It seems Moose Jaw house sellers stopped holding out for better prices: sales increased year-to-date, but prices continued to drop.
Sales volume on Multiple Listing Service (MLS) was up 1.9 per cent to $76.8 million by the end of August. This is the first increase in dollar volume since 2009.
Number of sales in the city increased six per cent to 319 units.
Average price declined 3.8 per cent to $240,990 according to the Regina Association of Realtors monthly report.
During August, realtors handled 44 sales for a 19 per cent increase with $10.11 million sales volume — up 5.4 per cent.
Average price in August of $229,959 declined 11.4 per cent from August of 2018.
The composite benchmark price, which eliminates skewing of averages by a few large or small sales, declined 4.1 per cent to $211,800.
One-storey homes fetched an average benchmark price of $218,000, down from $223,500 from last year while two-storey house benchmark prices averaged $195,100, a decline of $6,600.
Ron Walter can be reached at ronjoy@sasktel.net
