The Prince Albert real estate market in June 2025 reflects a dynamic landscape, with strong activity and notable price appreciation. Here’s what you need to know:
Benchmark Price Surge:
The total residential benchmark price rose to $273,700, marking an 8.7% year-over-year (Y/Y) increase. This continued growth signals a resilient market.
Sales Momentum:
Prince Albert recorded 56 residential sales in June, representing a 24.4% Y/Y increase, indicating buyers’ confidence remains high despite tighter supply.
Inventory & Supply:
Inventory dropped by 31.2% Y/Y to 117 units. Months of supply fell dramatically to 2.09 months, down 45% from last year—showing strong demand and faster market absorption.
New Listings:
There were 58 new listings, a decrease of 19% Y/Y, contributing to the low months of supply.
Detached Segment:
Detached homes saw a benchmark price of $276,300, with year-to-date data revealing continued steady performance.
These numbers highlight a seller’s market in Prince Albert, with rising prices and limited inventory driving competition among buyers.
FAQs
What was the benchmark price in Prince Albert for June 2025?
The benchmark price was $273,700, reflecting an 8.7% year-over-year increase.
How many homes were sold in June 2025?
56 residential properties were sold, up 24.4% from the same month last year.
What does months of supply mean in real estate?
It measures how long existing inventory would last at current sales rates; 2.09 months indicates a seller’s market.
How are new listings trending?
New listings fell 19% Y/Y, tightening supply and intensifying buyer competition.
Leave A Comment