Saskatchewan Real Estate Market Update - April 2024

Saskatchewan Real Estate Market Update - April 2024

Key Takeaways

  • Regina and Saskatchewan's real estate markets show significant activity with rising prices due to low supply.

  • Regina experienced a notable increase in sales, maintaining robust market conditions.

Regina Market Update

In Regina, the property market witnessed a substantial boost in activity, with sales reaching 312 in March, marking an increase of nearly 7% year-over-year, and significantly above the long-term trends by 23%. This surge is attributed to the ongoing decrease in new listings, which has kept the inventory levels stable. Despite these challenges, Regina's benchmark price rose to $313,100 in March, a slight increase from the previous month and 2% higher than the same period last year​ (Saskatchewan REALTORS® Association)​.

Overall Saskatchewan Market Trends

Across Saskatchewan, while the trend in some areas like Moose Jaw and Humboldt saw prices rise by nearly 9% from the previous year, the province-wide scene showed varied growth rates. This variability indicates a dynamic market influenced by regional supply and demand pressures. In broader terms, Saskatchewan continues to navigate through inventory shortages which have been a driving force behind price increases in most regions​ (Saskatchewan REALTORS® Association)​.

The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.