MOOSE JAW — The benchmark price and average price of a home in Moose Jaw increased in June over 2024, but all other categories — sales, new listings, inventory and months of supply — decreased, recent data show.
There were 58 homes sold in The Friendly City last month, compared to 65 units — a drop of 12 per cent — in June 2024, the Saskatchewan Realtors Association (SRA) said.
Furthermore, there were 76 new listings last month, which was a decrease of 12 per cent; there were 133 homes in inventory, which was a drop of 14 per cent; there were 2.29 months of supply, which was a decrease of two per cent; homes spent 32 days on the market; the benchmark price was $262,600, which was an increase from $220,584 or 16 per cent; and the average price was $281,421, which was an increase from $267,349.95 or five 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 May show there are usually 62 home sales, 100 new listings, 282 units in inventory, 4.93 months of supply, 55 days of units on the market, a benchmark price of $223,360 and an average price of $243,429.
Furthermore, the year-to-date data — Jan. 1 to June 30 — shows there have been 289 homes sold, 402 new listings, 120 units in inventory, 2.49 months of supply, 46 days of homes on the market, a benchmark price of $267,617 and an average price of $271,039.
Meanwhile, the 10-year averages for year-to-date data show there are usually 273 homes sold, 543 new listings, 245 units in inventory, 5.67 months of supply, 59 days of homes on the market, a benchmark price of $215,585 and an average price of $245,853.
Of note, there were 72 home sales in Moose Jaw in May, which means sales decreased by 14 units, or roughly 13.9 per cent, from month to month, sales data show. Also, the benchmark price in May was $277,400, so the price increased by $4,021 from month to month.
Provincial data
Saskatchewan reported 1,768 home sales in June, marking it the third-busiest June on record, while sales were also up six per cent year-over-year, and nearly 15 per cent above long-term, 10-year averages, the SRA said.
Despite economic headwinds and persistent supply challenges, Saskatchewan’s housing market closed the second quarter with sales consistent with 2024 levels. Notably, 2024 was the province’s second strongest year of sales on record, the association continued.
While monthly sales remained strong, a year-over-year gain in new listings contributed to a modest inventory increase, the SRA said. However, with nearly 1,100 of the 5,215 available units already conditionally sold, only 4,144 active units remain, while inventory levels remain over 40 per cent below the 10-year average.
“We’ve now seen monthly sales levels outpace the 10-year average for two whole years; that’s an incredible story that Saskatchewan is telling right now,” said CEO Chris Guérette. “Near-record sales in 2024 and the strong start we’ve seen in 2025 — all while navigating the worst inventory challenges we’ve seen since 2007 — it’s beyond impressive.”
Above-average sales and ongoing inventory challenges continued to support price growth, as the provincial residential benchmark price hit an all-time high of $370,700, up from $369,500 in May and eight-per-cent higher than June 2024, the SRA said.
“We’re seeing record price growth for a second consecutive month — as high as 16 per cent year-over-year in some markets — which speaks to the supply and demand challenges we’re experiencing right now,” said Guérette. “Despite these challenges, we’re encouraged by consecutive months of strong housing start figures and remain hopeful that supply relief is on the way.”
