Saskatchewan reported 1,841 sales in May 2024, marking a 6% year-over-year increase and a 24% rise above the 10-year average. Significant gains were seen in the Swift Current-Moose Jaw and Northern regions. Despite seasonal increases in new listings, strong sales have kept inventory levels at their lowest since 2008, especially for homes priced below $300,000.

Chris Guérette, Association CEO, highlighted the impressive eleventh consecutive month of above-average sales despite inventory challenges. The residential benchmark price reached $340,400 in May, up slightly from April and over 4% higher than May 2023, with notable price gains in apartment and row/townhouse properties.

The months of supply fell below three in May, with Regina and Saskatoon…

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