Moose Jaw Real Estate Market Update – February 2025

The real estate market in Moose Jaw saw some shifts in February 2025, with property prices rising but sales volume declining. If you're considering buying or selling, staying informed about these trends can help you make the best decisions. Let's dive into the latest market statistics.

Market Overview

• Total Residential Benchmark Price: $255,100 (↑ 8.3% year-over-year)
• Total Sales: 28 (↓ 37.8% year-over-year)
• New Listings: 47 (↓ 19.0% year-over-year)
• Inventory: 112 active listings (↓ 3.4% year-over-year)
• Months of Supply: 4.00 months (↑ 55.2% year-over-year)

Price Trends

The benchmark price for homes in Moose Jaw rose to $255,100, an 8.3% increase compared to February 2024. This steady appreciation indicates a competitive market despite slower sales.

Sales & Inventory

Moose Jaw recorded 28 residential sales in February, marking a 37.8% decline from the same month last year. Meanwhile, new listings fell by 19.0%, contributing to lower inventory levels. The market is moving towards a more balanced state, with 4.00 months of supply, a 55.2% increase compared to last year.

What This Means for Buyers & Sellers

• For Buyers: With fewer sales and rising inventory, you may have more negotiating power. However, prices continue to increase, so acting sooner rather than later may be beneficial.
• For Sellers: Home values are appreciating, which is great for maximizing returns. That said, with a slower sales pace, strategic pricing and strong marketing are key to attracting buyers.

Conclusion

Moose Jaw's real estate market is shifting towards stability, with price growth continuing despite a slowdown in transactions. Whether you’re buying, selling, or investing, understanding these trends will help you make informed decisions.