Posted by Kent Braaten on Saturday, July 5th, 2025 7:53am.
The Martensville housing market in June 2025 showed a notable shift. The benchmark price for total residential properties climbed to $439,800, representing a 10.3% year-over-year increase, highlighting continued price appreciation in the city despite a slowdown in transactions.
Sales activity fell by 18.2% compared to June 2024, with just 18 sales recorded, while new listings rose sharply, up 43% over the 10-year average. This increase in listings paired with declining sales pushed the months of supply up to 1.11, suggesting more choices for buyers.
Inventory also increased year-over-year by 16.7%, a positive sign for those searching for homes. However, the balance is still leaning toward a seller’s market given historically low months of supply.
Notably, detached homes continue to dominate the market, comprising 69% of sales over the past three years. The average benchmark price for detached properties also reached impressive highs.
Overall, June 2025’s data indicates strong price growth driven by limited supply in past months, but rising inventory could moderate future price gains.
The benchmark price reached $439,800, a 10.3% increase year-over-year.
There were 18 sales, down 18.2% compared to June 2024.
With 1.11 months of supply, the market favors sellers but inventory is rising.
Watch for inventory growth, which could ease price pressures if demand doesn’t match new supply.