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.