Real Estate Overview – July 2025 in Prince Albert
Prince Albert’s housing market saw a strong showing in July 2025, with increased sales and continued upward momentum in home prices. Demand remains resilient while active listings shrink, reinforcing the city’s position in a seller’s market.
Strong Sales Growth
In July, 68 homes were sold in Prince Albert—an increase of 21% compared to July 2024 and nearly 25% above the 10-year average. Buyers continue to seek value and space in this growing regional hub.
Inventory Tightens Further
Despite a 12% increase in new listings (108), active inventory levels remain tight. There were 174 active listings at the end of the month, and more than 40% of those were already conditionally sold—leaving only 101 available homes heading into August.
Home Prices Continue Rising
The benchmark price reached $240,800, marking a 5% increase year-over-year. This price strength reflects ongoing competition among buyers, even as mortgage rates remain elevated.
Fast Market Movement
Homes are moving quickly, with a median days-on-market of just 30 days, and the sales-to-new listings ratio sits at 0.63, signaling a well-balanced but slightly competitive environment for buyers.
FAQs
How many homes were sold in Prince Albert in July 2025?
68 homes were sold, which is 21% higher than July 2024 and 25% above the 10-year average.
What is the benchmark home price in Prince Albert?
The benchmark price in July 2025 is $240,800—up 5% year-over-year.
Is Prince Albert in a seller’s market?
Yes. With limited inventory and rising prices, Prince Albert is showing strong seller’s market conditions.
What does the median days-on-market indicate?
At 30 days, it indicates that homes are selling quickly due to demand and limited supply.
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