Moose Jaw’s housing market somehow managed to heat up again in July, according to the latest numbers from the Saskatchewan Realtors Association (SRA), with the city’s benchmark home price climbing nearly 14 per cent year-over-year to $281,700 as inventory stayed thin and buyers competed for a limited number of listings.
Sales totaled 71 for the month, down about 12 per cent from last July, but still well above long-term norms given how few homes are on the market. Active inventory sat at 141 and months of supply slipped to 1.99 — both roughly half their 10-year averages — signaling continued seller-friendly conditions. New listings rose to 98.
Across Saskatchewan, July set a provincial sales record: 1,851 transactions, up 11 per cent year-over-year and more than 30 per cent above the 10-year average. The provincial benchmark price reached an all-time high of $372,700, while months of supply sat at 2.82.
SRA CEO Chris Guérette said the story in Moose Jaw mirrors the province: Demand has outpaced supply for months, pushing prices to new highs in many communities.
“Moose Jaw is living even more pressure… than Regina... It’s less than two months of supply… Total residential benchmark price is almost 14% higher than it was at this point last year,” Guérette said.
While rising prices might sound like good news, Guérette cautioned that the market is challenging for many buyers.
“I don’t know if I would define it as good news… it’s really hard to find a property… the competition amongst other buyers is quite high,” she said, adding that sellers also face pressure to make quick decisions amid multiple offers.
Despite broader economic uncertainty, Guérette argued Saskatchewan’s relative affordability continues to attract people and investment — one reason activity has remained resilient compared to other parts of the country.
“The more affordable markets are weathering that storm better… that just spells out a number of times when people are saying yes to Saskatchewan, and betting on Saskatchewan for their future,” she said.
Looking ahead, relief could arrive from a long-awaited increase in supply. Guérette noted a surge in residential building permits earlier this year that should translate into more completed homes later in 2025 — even as future demand remains sensitive to interest-rate moves.
“We know that the inventory is going to increase because for the first six months of the year, we have had record permits being pulled… we should expect more inventory by the end of the year,” she said. “If, for example, in three months we have interest rates going down, that will spur more demand.”
Provincially, the association says persistent supply tightness has now driven 25 consecutive months of above-average sales, and multiple cities — including Regina and Saskatoon — set fresh price records in July.
For Moose Jaw buyers, the numbers mean being ready to move quickly with financing and expectations set for competitive conditions. For sellers, pricing at the market and preparing for swift interest remain the order of the day as the city heads into late summer with less than two months of housing supply.
Read the reports yourself at saskatchewanrealtorsassociation.ca/market-statistics.