May 2025 proved to be a dynamic month for the Martensville real estate market. According to data from the Saskatchewan REALTORS® Association, the benchmark residential price rose to $437,800—an impressive 10.1% increase year-over-year. However, this growth came amid a sharp decline in market activity.
Only 21 properties were sold in Martensville during the month, representing a 22.2% drop in sales compared to May 2024. New listings also plummeted by 45.7%, contributing to a months of supply figure of just 0.71—indicating a continued seller's market.
Inventory levels dropped by 55.9%, reflecting the intense demand and limited housing options in the city. With fewer choices available and strong buyer interest, homes are selling quicker and closer to asking price, further reinforcing upward pressure on pricing.
For both buyers and sellers, understanding these trends is essential. Sellers may benefit from strong price appreciation, while buyers should be prepared to act quickly and decisively in this fast-moving market.
FAQs
What is the current benchmark price for homes in Martensville?
As of May 2025, the benchmark price for residential properties in Martensville is $437,800.
Is Martensville a buyer’s or seller’s market?
With just 0.71 months of supply and limited inventory, Martensville remains a strong seller’s market.
How many homes sold in Martensville in May 2025?
A total of 21 residential properties were sold in Martensville in May 2025, down 22.2% year-over-year.
How has inventory changed over the past year?
Inventory levels dropped by 55.9% compared to May 2024, significantly tightening the market.
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