May 2021 Media Release & April Market Stats

Saskatoon and Region (including Martensville, Warman, and Humboldt)

 Sales were up 158.2% in Saskatoon (going from 213 to 550), up 175.0% in Martensville (going from 8 to 22), and up 330.0% in Warman (going from 10 to 43). In Humboldt, sales were up 425.0% (going from 4 to 21), while in the larger region, sales were up 177.4% (going from 283 to 785). Sales in Saskatoon were 53.4% above the 5-year average (and 46.0% above the 10-year average), 54.9% above the 5-year average (and 20.9% above the 10-year average) in Martensville, and 77.7% above the 5-year average (and 57.5% above the 10-year average) in Warman. In Humboldt, sales were 110.0% above the 5-year average (and 103.9% above the 10-year average), while in the larger region, sales were 60.0% above the 5-year average (and 48.5% above the 10-year average). Year-to-Date (YTD) sales in Saskatoon rose 87.2% over last 

year (increasing from 935 to 1,750), rose 69.6% in Martensville (increasing from 46 to 78), and rose 143.5% in Warman (increasing from 46 to 112). Year-to-Date (YTD) sales in Humboldt rose 200.0% over last year (increasing from 17 to 51), while YTD sales in the larger region rose 90.9% (going from 1,267 to 2,419). 

Sales volume was up 185.0% in the Saskatoon, going from $71.9M to $204.9M in 2021 (61.4% above the 5-year average, and 50.4% above the 10-year average). In Martensville, sales volume was up 289.9%, going from $2.0M to $7.9M (73.9% above the 5-year average, and 36.9% above the 10-year average) and in Warman, sales volume was up 273.3%, going from $4.3M to $16.1M (85.1% above the 5-year average, and 64.0% above the 10-year average). Sales volume was up 549.0% in Humboldt, going from $0.7M to $4.5M (98.5% above the 5-year average, and 99.5% above the 10-year average), while in the region, sales volume was up 196.6%, going from $92.2M to $273.5M (66.7% above the 5-year average, and 56.0% above the 10-year average). YTD sales volume in Saskatoon was $632.7M (an increase of 103.0% from last year), $26.4M in Martensville (an increase of 88.6% from last year), and $43.3M in Warman (an increase of 146.6% from last year). YTD sales volume in Humboldt was $11.9M (an increase of 258.6% from last year), while in the region, YTD sales volume was $830.4M (an increase of 107.2% from last year). 

In Saskatoon, the number of new listings in April 2021 rose 95.9%, going from 489 to 958 (24.3% above the 5-year average and 17.6% above the 10-year average). The number of new listings rose 136.8% in Martensville, going from 19 to 45 (19.0% above the 5-year average and 4.2% above the 10-year average) and rose 125.0% in Warman, going from 20 to 45 (15.7% below the 5-year average and 25.1% below the 10-year average). In Humboldt, the number of new listings rose 122.2%, going from 9 to 20 (7.5% above the 5-year average and 11.9% below the 10-year average) , while in the region, new listings rose 94.5%, going from 676 last year to 1,315 this year (15.8% above the 5-year average and 10.0% above the 10-year average). YTD new listings in Saskatoon rose 40.0% (going from 532 to 746), rose 31.6% in Martensville (going from 24 to 32), and rose 23.6% in Warman (going from 32 to 39). In Humboldt, YTD new listings rose 48.9% (going from 12 to 18), while in the larger region, the number of new listings to date rose 34.7%, going from 757 to 1,019. Active listings fell 2.0% in Saskatoon (down from 1,468 to 1,439), fell 12.3% in Martensville (down from 81 to 71), fell 42.4% in Warman (down from 118 to 68), fell 14.4% in Humboldt (down from 90 to 77), and fell 13.9% in the region (down from 2,712 to 2,336). 

Inventory in Saskatoon stood at 2.6 months (which is 62.0% below the level last year and 45.5% below the 5-year average), while the sales to listing ratio was 57.4%, suggesting balanced market conditions. Inventory in Martensville stood at 3.2 months (which is 68.1% below the level last year and 55.5% below the 5-year average), while the sales to listing ratio was 48.9%, suggesting balanced market conditions. Inventory in Warman stood at 1.6 months (which is 86.6% below the level last year and 69.0% below the 5-year average), while the sales to listing ratio was 95.6%, suggesting that market conditions favour sellers. Inventory in Humboldt stood at 3.7 months (which is 83.7% below the level last year and 62.3% below the 5-year average), while the sales to listing ratio was 105.0%, suggesting that market conditions favour sellers. Inventory in the larger region stood at 3.0 months (which is 68.9% below the level last year and 51.7% below the 5-year average), while the sales to listing ratio was 59.7%, suggesting balanced market conditions. 

Homes in Saskatoon stayed on the market an average of 33 days in April, down 41.1% from 56 days last year (but below the 5-year average of 49 days and below the 10-year average of 44 days). Homes in Martensville stayed on the market an average of 47 days, down 48.4% from 91 days last year (but below the 5-year average of 67 days and below the 10-year average of 53 days) while homes in Warman stayed on the market an average of 34 days, down 26.1% from 

46 days last year (but below the 5-year average of 48 days and below the 10-year average of 52 days). Humboldt saw Homes stay on the market an average of 121 days, up 9.0% from 111 days last year (and above the 5-year average of 110 days and above the 10-year average of 93 days), and homes in the region were on the market an average of 47 days, also down from an average of 67 days last year (and 20.1% below the 5-year average). 

The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—varied across different centres in the region. Saskatoon saw the price of the benchmark single family home rise 10.6% year-over-year, going from $290,200 to $321,000. The price of the benchmark single family home in Martensville rose 16.7% (going from $351,900 to $410,700) and also rose by 17.8% in Warman (going from $358,100 to $421,900). The price of the benchmark single family home in Humboldt rose 12.6% (going from $174,500 in 2020 to $196,500 this year). 

Regina and Region

Sales in Regina were up 172.2% going from 144 in April 2020 to 392 in April 2021, and up 189.4% in the overall region, going from 170 to 492. In Regina, sales were 51.0% above the 5-year average (and 42.2% above the 10-year average), while in the larger region, sales were 57.0% above the 5-year average (and 49.6% above the 10-year average). Year-to-Date (YTD) sales in Regina rose 91.0% over last year, increasing from 621 to 1,186, while YTD sales in the larger region rose 94.1%, going from 743 to 1,442. 

Sales volume was up 207.3% in the city, going from $43.9M to $135.0M in 2021 (62.3% above the 5-year average, and 51.2% above the 10-year average). In the region, sales volume was up 240.2%, going from $50.4M to $171.5M (70.6% above the 5-year average, and 60.9% above the 10-year average). YTD sales volume in the city was $374.9M, an increase of 103.4% from last year, while in the region, YTD sales volume was $463.4M, an increase of 107.6% from last year. 

In Regina, the number of new listings in April 2021 rose 129.8%, going from 285 to 655 (23.6% above the 5-year average and 23.1% above the 10-year average), while in the region, new listings rose 111.4%, going from 376 last year to 795 this year (15.3% above the 5-year average and 14.5% above the 10-year average). YTD new listings in the city rose 44.5%, going from 354 to 512, while in the larger region, the number of new listings to date rose 35.8%, going from 455 to 618. Active listings fell 1.9% in Regina (down from 1,224 to 1,201) and fell 10.6% in the region (down from 1,716 to 1,534). 

Inventory in Regina stood at 3.1 months (which is 64.0% below the level last year and 41.5% below the 5-year average), while the sales to listing ratio was 59.8%, suggesting balanced market conditions. Inventory in the larger region stood at 3.1 months (which is 69.1% below the level last year and 48.1% below the 5-year average), while the sales to listing ratio was 61.9%, suggesting that market conditions favour sellers. 

Homes in Regina stayed on the market an average of 40 days in April, down 35.5% from 62 days last year (but below the 5-year average of 52 days and below the 10-year average of 42 days). Homes in the region stayed on the market longer than homes in the city at 44 days on average in 2021, also down from an average of 70 days last year (and 21.7% below the 5-year average). 

The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—saw the price of the benchmark single family home in Regina rise 8.5% year-over-year, going from $241,300 to $261,800. 

Melfort and Region

Sales in Melfort were up 333.3% going from 3 in April 2020 to 13 in April 2021, and up 471.4% in the overall region, going from 7 to 40. In Melfort, sales were 66.7% above the 5-year average (and 47.7% above the 10-year average), while in the larger region, sales were 85.2% above the 5-year average (and 76.2% above the 10-year average). Year-to-Date (YTD) sales in Melfort rose 340.0% over last year, increasing from 10 to 44, while YTD sales in the larger region rose 233.3%, going from 39 to 130. 

Sales volume was up 619.0% in the city, going from $0.4M to $2.8M in 2021 (96.9% above the 5-year average, and 62.2% above the 10-year average). In the region, sales volume was up 796.2%, going from $0.8M to $7.3M (94.1% above the 5-year average, and 85.2% above the 10-year average). YTD sales volume in the city was $9.6M, an increase of 382.8% from last year, while in the region, YTD sales volume was $23.3M, an increase of 299.0% from last year. 

In Melfort, the number of new listings in April 2021 rose 125.0%, going from 8 to 18 (34.3% above the 5-year average and 12.5% above the 10-year average), while in the region, new listings rose 64.3%, going from 28 last year to 46 this year (6.5% below the 5-year average and 13.0% below the 10-year average). YTD new listings in the city rose 93.1%, going from 7 to 14, while in the larger region, the number of new listings to date rose 56.1%, going from 27 to 42. Active listings fell 26.3% in Melfort (down from 57 to 42) and fell 29.0% in the region (down from 221 to 157). 

Inventory in Melfort stood at 3.2 months (which is 83.0% below the level last year and 49.2% below the 5-year average), while the sales to listing ratio was 72.2%, suggesting that market conditions favour sellers. Inventory in the larger region stood at 3.9 months (which is 87.6% below the level last year and 61.5% below the 5-year average), while the sales to listing ratio was 87.0%, suggesting that market conditions favour sellers. 

Homes in Melfort stayed on the market an average of 56 days in April, down 52.5% from 118 days last year (but below the 5-year average of 96 days and below the 10-year average of 87 days). Homes in the region stayed on the market longer than homes in the city at 90 days on average in 2021, also down from an average of 130 days last year (and 25.2% below the 5-year average). 

The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—saw the price of the benchmark single family home in Melfort rise 16.9% year-over-year, going from $173,800 to $203,200. 

Moose Jaw and Region

Sales in Moose Jaw were up 270.0% going from 20 in April 2020 to 74 in April 2021, and up 166.7% in the overall region, going from 36 to 96. In Moose Jaw, sales were 52.9% above the 5-year average (and 47.4% above the 10-year average), while in the larger region, sales were 54.3% above the 5-year average (and 50.5% above the 10-year average). Year-to-Date (YTD) sales in Moose Jaw rose 108.0% over last year, increasing from 100 to 208, while YTD sales in the larger region rose 78.1%, going from 151 to 269. 

Sales volume was up 372.0% in the city, going from $3.9M to $18.3M in 2021 (56.0% above the 5-year average, and 46.6% above the 10-year average). In the region, sales volume was up 287.3%, going from $5.6M to $21.9M (61.8% above the 5-year average, and 52.1% above the 10-year average). YTD sales volume in the city was $47.6M, an increase of 121.3% from last year, while in the region, YTD sales volume was $59.1M, an increase of 110.8% from last year. 

In Moose Jaw, the number of new listings in April 2021 rose 170.8%, going from 48 to 130 (18.2% above the 5-year average and 6.8% above the 10-year average), while in the region, new listings rose 116.0%, going from 75 last year to 162 this year (6.2% above the 5-year average and 1.8% below the 10-year average). YTD new listings in the city rose 25.6%, going from 68 to 86, while in the larger region, the number of new listings to date rose 13.6%, going from 105 to 119. Active listings fell 12.4% in Moose Jaw (down from 251 to 220) and fell 16.0% in the region (down from 476 to 400). 

Inventory in Moose Jaw stood at 3.0 months (which is 76.3% below the level last year and 53.1% below the 5-year average), while the sales to listing ratio was 56.9%, suggesting balanced market conditions. Inventory in the larger region stood at 4.2 months (which is 68.5% below the level last year and 49.8% below the 5-year average), while the sales to listing ratio was 59.3%, suggesting balanced market conditions. 

Homes in Moose Jaw stayed on the market an average of 55 days in April, down 12.7% from 63 days last year (but below the 5-year average of 65 days and below the 10-year average of 58 days). Homes in the region stayed on the market longer than homes in the city at 71 days on average in 2021, also down from an average of 94 days last year (and 12.3% below the 5-year average). 

The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—saw the price of the benchmark single family home in Moose Jaw rise 3.1% year-over-year, going from $215,000 to $221,600. 

North Battleford and Region (including Meadow Lake)

Sales in North Battleford were up 71.4% (going from 14 to 24), up 300.0% in Meadow Lake (going from 2 to 8) , and up 162.9% in the overall region, going from 35 to 92. In North Battleford, sales were 34.8% above the 5-year average (and 4.8% above the 10-year average), and were 66.7% above the 5-year average (and 35.6% above the 10-year average) in Meadow Lake, while in the larger region, sales were 76.9% above the 5-year average (and 51.1% above the 10-year average). Year-to-Date (YTD) sales in North Battleford rose 56.9% over last year, increasing from 65 to 102, rose 160.0% in Meadow Lake (going from 10 to 26), and rose 84.3% in the larger region, going from 153 to 282. 

Sales volume was up 101.9% in North Battleford, going from $2.7M to $5.5M in 2021 (32.1% above the 5-year average, and 5.3% above the 10-year average), and was up 382.9% in Meadow Lake, going from $0.5M to $2.5M (90.2% above the 5-year average, and 71.8% above the 10-year average). In the region, sales volume was up 192.0%, going from $7.2M to $21.1M (86.9% above the 5-year average, and 65.1% above the 10-year average). YTD sales volume in North Battleford was $22.6M, an increase of 111.0% from last year, $7.5M in Meadow Lake, an increase of 269.2%, and was $65.4M in the larger region (an increase of 139.5% from last year). 

In North Battleford, the number of new listings in April 2021 rose 125.8%, going from 31 to 70 (24.1% above the 5-year average and 15.5% above the 10-year average), but rose 250.0% in Meadow Lake, going from 4 last year to 14 (29.6% above the 5-year average and 2.2% above the 10-year average). In the region, new listings rose 113.8%, going from 94 last year to 201 this year (21.5% above the 5-year average and 16.4% above the 10-year average). YTD new listings in North Battleford rose 27.0%, going from 38 to 48, but rose 61.5% in Meadow Lake, going from 6 to 10, while in the larger region, the number of new listings to date rose 31.7%, going from 105 to 138. Active listings fell 27.5% in North Battleford (down from 189 to 137), fell 9.5% in Meadow Lake (down from 42 to 38), and fell 20.9% in the region (down from 740 to 585). 

Inventory in North Battleford stood at 5.7 months (which is 57.7% below the level last year and 45.7% below the 5-year average), while the sales to listing ratio was 34.3%, suggesting that market conditions favour buyers. Inventory in Meadow Lake stood at 4.8 months (which is 77.4% below the level last year and 53.7% below the 5-year average), while the sales to listing ratio was 57.1%, suggesting balanced market conditions. Inventory in the larger region stood at 6.4 months (which is 69.9% below the level last year and 55.0% below the 5-year average), while the sales to listing ratio was 45.8%, suggesting balanced market conditions. 

Homes in North Battleford stayed on the market an average of 71 days in April, down 15.5% from 84 days last year (but below the 5-year average of 88 days and above the 10-year average of 69 days). Homes in Meadow Lake stayed on the market an average of 143 days in April, up 60.7% from 89 days last year (but below the 5-year average of 148 days and above the 10-year average of 116 days). Homes in the region stayed on the market for 90 days on average in 2021, also down from an average of 102 days last year (and 14.8% below the 5-year average). 

The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—varied across different centres in the region. North Battleford saw the price of the benchmark single family home rise 23.6% year-over-year, going from $177,300 to $219,100 while the price of the benchmark single family home in Meadow Lake rose 25.9% (going from $221,100 to $278,400). 

Prince Albert and Region

Sales in Prince Albert were up 112.5% going from 24 in April 2020 to 51 in April 2021, and up 132.5% in the overall region, going from 40 to 93. In Prince Albert, sales were 38.6% above the 5-year average (and 22.0% above the 10-year average), while in the larger region, sales were 53.5% above the 5-year average (and 40.3% above the 10-year average). Year-to-Date (YTD) sales in Prince Albert rose 128.4% over last year, increasing from 81 to 185, while YTD sales in the larger region rose 149.2%, going from 128 to 319. 

Sales volume was up 197.5% in the city, going from $4.2M to $12.4M in 2021 (50.7% above the 5-year average, and 29.0% above the 10-year average). In the region, sales volume was up 241.2%, going from $7.8M to $26.7M (83.5% above the 5-year average, and 68.6% above the 10-year average). YTD sales volume in the city was $44.1M, an increase of 180.3% from last year, while in the region, YTD sales volume was $83.0M, an increase of 229.9% from last year. 

In Prince Albert, the number of new listings in April 2021 rose 54.7%, going from 53 to 82 (17.5% above the 5-year average and 5.2% below the 10-year average), while in the region, new listings rose 36.4%, going from 110 last year to 150 this year (1.6% below the 5-year average and 14.3% below the 10-year average). YTD new listings in the city rose 33.5%, going from 53 to 71, while in the larger region, the number of new listings to date rose 25.6%, going from 100 to 125. Active listings fell 13.5% in Prince Albert (down from 267 to 231) and fell 22.2% in the region (down from 585 to 455). 

Inventory in Prince Albert stood at 4.5 months (which is 59.3% below the level last year and 40.7% below the 5-year average), while the sales to listing ratio was 62.2%, suggesting that market conditions favour sellers. Inventory in the larger region stood at 4.9 months (which is 66.5% below the level last year and 52.2% below the 5-year average), while the sales to listing ratio was 62.0%, suggesting that market conditions favour sellers. 

Homes in Prince Albert stayed on the market an average of 70 days in April, down 33.3% from 105 days last year (but below the 5-year average of 84 days and below the 10-year average of 82 days). Homes in the region stayed on the market longer than homes in the city at 77 days 

on average in 2021, also down from an average of 125 days last year (and 23.6% below the 5-year average). 

The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—saw the price of the benchmark single family home in Prince Albert rise 15.0% year-over-year, going from $161,300 to $185,500. 

Swift Current and Region

Sales in Swift Current were up 180.0% going from 15 in April 2020 to 42 in April 2021, and up 212.5% in the overall region, going from 24 to 75. In Swift Current, sales were 44.8% above the 5-year average (and 47.9% above the 10-year average), while in the larger region, sales were 60.9% above the 5-year average (and 55.6% above the 10-year average). Year-to-Date (YTD) sales in Swift Current rose 62.1% over last year, increasing from 66 to 107, while YTD sales in the larger region rose 81.6%, going from 103 to 187. 

Sales volume was up 266.2% in the city, going from $3.3M to $12.3M in 2021 (50.9% above the 5-year average, and 57.8% above the 10-year average). In the region, sales volume was up 237.1%, going from $4.9M to $16.4M (59.0% above the 5-year average, and 57.2% above the 10-year average). YTD sales volume in the city was $30.1M, an increase of 98.8% from last year, while in the region, YTD sales volume was $41.1M, an increase of 106.3% from last year. 

In Swift Current, the number of new listings in April 2021 rose 82.9%, going from 35 to 64 (13.1% above the 5-year average and 21.4% above the 10-year average), while in the region, new listings rose 82.3%, going from 62 last year to 113 this year (5.6% above the 5-year average and 4.0% above the 10-year average). YTD new listings in the city rose 26.3%, going from 38 to 48, while in the larger region, the number of new listings to date rose 22.0%, going from 76 to 93. Active listings fell 2.1% in Swift Current (down from 190 to 186) and fell 6.8% in the region (down from 474 to 442). 

Inventory in Swift Current stood at 4.4 months (which is 65.0% below the level last year and 31.5% below the 5-year average), while the sales to listing ratio was 65.6%, suggesting that market conditions favour sellers. Inventory in the larger region stood at 5.9 months (which is 70.2% below the level last year and 41.6% below the 5-year average), while the sales to listing ratio was 66.4%, suggesting that market conditions favour sellers. 

Homes in Swift Current stayed on the market an average of 83 days in April, down 21.7% from 106 days last year (but below the 5-year average of 87 days and above the 10-year average of 74 days). Homes in the region stayed on the market longer than homes in the city at 96 days on average in 2021, also down from an average of 127 days last year (and 5.0% below the 5-year average). 

The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—saw the price of the benchmark single family home in Swift Current rise 24.2% year-over-year, going from $208,600 to $259,000. 

Yorkton and Region (including Melville)

Sales in Yorkton were up 180.0% (going from 15 to 42), up 133.3% in Melville (going from 3 to 7) , and up 160.8% in the overall region, going from 51 to 133. In Yorkton, sales were 92.7% above the 5-year average (and 85.8% above the 10-year average), and were 34.6% above the 5-year average (and 18.6% above the 10-year average) in Melville, while in the larger region, sales were 77.3% above the 5-year average (and 73.0% above the 10-year average). Year-to-Date (YTD) sales in Yorkton rose 122.9% over last year, increasing from 48 to 107, rose 47.1% in Melville (going from 17 to 25), and rose 127.9% in the larger region, going from 179 to 408. 

Sales volume was up 247.1% in Yorkton, going from $2.9M to $10.1M in 2021 (106.7% above the 5-year average, and 95.6% above the 10-year average), and was up 346.3% in Melville, going from $0.4M to $1.7M (77.9% above the 5-year average, and 79.1% above the 10-year average). In the region, sales volume was up 272.4%, going from $6.8M to $25.2M (97.6% above the 5-year average, and 90.2% above the 10-year average). YTD sales volume in Yorkton was $25.7M, an increase of 178.1% from last year, $4.2M in Melville, an increase of 136.7%, and was $70.7M in the larger region (an increase of 196.2% from last year). 

In Yorkton, the number of new listings in April 2021 rose 46.7%, going from 30 to 44 (3.5% below the 5-year average and 10.3% above the 10-year average), and fell 11.1% in Melville, going from 9 last year to 8 (31.0% below the 5-year average and 23.8% below the 10-year average). In the region, new listings rose 51.2%, going from 121 last year to 183 this year (4.6% below the 5-year average and 1.0% below the 10-year average). YTD new listings in Yorkton rose 22.5%, going from 34 to 42, but rose 7.7% in Melville, going from 10 to 10, while in the larger region, the number of new listings to date rose 10.3%, going from 140 to 155. Active listings fell 32.2% in Yorkton (down from 174 to 118), fell 32.2% in Melville (down from 59 to 40), and fell 23.3% in the region (down from 960 to 736). 

Inventory in Yorkton stood at 2.8 months (which is 75.8% below the level last year and 63.4% below the 5-year average), while the sales to listing ratio was 95.5%, suggesting that market conditions favour sellers. Inventory in Melville stood at 5.7 months (which is 70.9% below the level last year and 43.9% below the 5-year average), while the sales to listing ratio was 87.5%, suggesting that market conditions favour sellers. Inventory in the larger region stood at 5.5 months (which is 70.6% below the level last year and 54.9% below the 5-year average), while the sales to listing ratio was 72.7%, suggesting that market conditions favour sellers. 

Homes in Yorkton stayed on the market an average of 59 days in April, down 47.3% from 112 days last year (but below the 5-year average of 84 days and below the 10-year average of 87 days). Homes in Melville stayed on the market an average of 134 days in April, down 11.8% from 152 days last year (and above the 5-year average of 105 days and above the 10-year average of 90 days). Homes in the region stayed on the market for 103 days on average in 2021, also down from an average of 142 days last year (and 14.2% below the 5-year average). 

The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—varied across different centres in the region. Yorkton saw the price of the benchmark single family home rise 11.3% year-over-year, going from $186,300 to $207,400 while the price of the benchmark single family home in Melville rose 8.4% (going from $105,200 to $114,000). 

South East Saskatchewan and Region (including Estevan and Weyburn)

Sales in Estevan were up 225.0% (going from 4 to 13), up 200.0% in Weyburn (going from 4 to 12) , and up 243.8% in the overall region, going from 16 to 55. In Estevan, sales were 27.5% above the 5-year average (and 17.2% below the 10-year average), and were 4.8% below the 5-year average (and 16.1% below the 10-year average) in Weyburn, while in the larger region, sales were 32.2% above the 5-year average (and 14.3% above the 10-year average). Year-to-Date (YTD) sales in Estevan rose 96.3% over last year, increasing from 27 to 53, rose 70.8% in Weyburn (going from 24 to 41), and rose 94.1% in the larger region, going from 101 to 196. 

Sales volume was up 131.1% in Estevan, going from $1.3M to $3.0M in 2021 (28.8% above the 5-year average, and 30.3% below the 10-year average), and was up 344.0% in Weyburn, going from $0.7M to $3.1M (4.5% above the 5-year average, and 18.8% below the 10-year average). In the region, sales volume was up 263.8%, going from $2.8M to $10.4M (28.5% above the 5-year average, and 7.6% below the 10-year average). YTD sales volume in Estevan was $10.9M, an 

increase of 109.4% from last year, $11.0M in Weyburn, an increase of 115.4%, and was $40.3M in the larger region (an increase of 125.9% from last year). 

In Estevan, the number of new listings in April 2021 rose 172.7%, going from 11 to 30 (0.0% above the 5-year average and 15.0% below the 10-year average), but rose 73.3% in Weyburn, going from 15 last year to 26 (15.6% below the 5-year average and 27.2% below the 10-year average). In the region, new listings rose 87.9%, going from 66 last year to 124 this year (4.9% below the 5-year average and 10.3% below the 10-year average). YTD new listings in Estevan rose 20.0%, going from 22 to 27, but rose 16.3% in Weyburn, going from 22 to 25, while in the larger region, the number of new listings to date rose 30.2%, going from 88 to 114. Active listings fell 12.4% in Estevan (down from 145 to 127), fell 10.3% in Weyburn (down from 156 to 140), and fell 9.1% in the region (down from 739 to 672). 

Inventory in Estevan stood at 9.8 months (which is 73.1% below the level last year and 42.5% below the 5-year average), while the sales to listing ratio was 43.3%, suggesting balanced market conditions. Inventory in Weyburn stood at 11.7 months (which is 70.1% below the level last year and 9.6% below the 5-year average), while the sales to listing ratio was 46.2%, suggesting balanced market conditions. Inventory in the larger region stood at 12.2 months (which is 73.5% below the level last year and 33.2% below the 5-year average), while the sales to listing ratio was 44.4%, suggesting balanced market conditions. 

Homes in Estevan stayed on the market an average of 86 days in April, down 10.4% from 96 days last year (but below the 5-year average of 107 days and below the 10-year average of 92 days). Homes in Weyburn stayed on the market an average of 129 days in April, up 19.4% from 108 days last year (and above the 5-year average of 124 days and above the 10-year average of 109 days). Homes in the region stayed on the market for 120 days on average in 2021, but up from an average of 111 days last year (and 1.7% above the 5-year average). 

The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—varied across different centres in the region. Estevan saw the price of the benchmark single family home fall 0.1% year-over-year, going from $196,800 to $196,600 while the price of the benchmark single family home in Weyburn rose 5.1% (going from $214,500 to $225,400). 

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For interviews and more information:

Samantha Krahn
Director of External & Government Relations
Saskatchewan REALTORS® Association
samantha@sra.ca
306.229.4048