Moose Jaw’s real estate market saw strong sales in June, but inventory is still a concern. 

There were 66 sales in June, which is down 1.5 per cent year-over-year, but 6.6 per cent over the 10-year average. 

However, Cole Zawislak, director of public affairs and communications with the Saskatchewan Realtor’s Association, said they are expecting sales will continue to be strong throughout the summer. 

“We typically see strong sales from early spring throughout the summer months. I think we can expect strong sales levels to continue not only in Moose Jaw but across the province. Our biggest concern, as we’ve said for probably a year now and I’m beginning to sound like a broken record, but the inventory situation,” he said. 

Inventory is trending downward. It is down 26.9 per cent year-over-year and down 49.1 per cent from the 10-year average. 

Months of supply is down 25.8 per cent year-over-year and is still a concern as it is down 55.7 per cent from the 10-year average. 

Meanwhile, housing prices are gradually trending upwards. The total residential benchmark price is $244,200, up 5.9 per cent year-over-year. 

“Moose Jaw, again, has seen significant price growth all throughout 2024, up nearly $30,000 since January of this year, so not quite the fastest growing market as it was last month, but still some steady price growth in Moose Jaw,” Zawislak said. 

Zawislak said there are a few programs at both the federal and provincial levels of government that could help the inventory situation. He noted the federal Housing Action Plan and the provincial PST rebate for new home construction and the secondary suite incentive.