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Market Statistics


SASKATCHEWAN REPORTS STRONG JUNE SALES AS INVENTORY CHALLENGES CONTINUE July 6, 2023 For immediate release: There were 1,691 sales reported across the province in June, a year-over-year decline of six per cent. While year-over-year sales were down, Saskatchewan again reported sales levels well above long-term, 10-year historical averages. As seen in prior months, inventory levels remain a significant challenge in certain regions of the province. Despite a slight increase from last month, inventory levels were nine per cent below levels seen in the previous year and over 30 per cent below the 10-year average. Inventory challenges continue to impact the more affordable segment of the market, with homes priced below $300,000 reporting a 17 per cent decline in inventory in June. “While higher lending rates are impacting sales activity, continued employment growth and Saskatchewan’s relative affordability advantage are preventing a significant pullback in sales,” said Association CEO, Chris Guérette. [...]


We are excited to host the 2nd annual State of Real Estate Conference taking place on September 12, 2023, at the Queensbury Convention Centre in Regina! What can you expect from the conference? We are bringing together industry experts, thought leaders, and passionate individuals to dive into the topics that truly matter to the real estate landscape in our province. As Saskatchewan’s second-largest sector by GDP, real estate plays a pivotal role in driving a thriving and prosperous economy. We have carefully curated sessions that cater to both the residential and commercial real estate market, ensuring there’s something valuable for everyone in attendance. Additionally, we’ll delve into discussions surrounding growth and the future of our province, making this conference an indispensable event for anyone invested in the real estate sector. A preview of confirmed panelists include: MP Scott Aitchison, Shadow Minister of Housing, Diversity and Inclusion Her Worship Sandra [...]


MAY SALES ABOVE LONG-TERM TRENDS DESPITE PERSISTENT INVENTORY CHALLENGES June 5, 2023 For immediate release: There were 1,736 sales recorded across the province in May, resulting in a four per cent year-over-year decline. However, despite the year-over-year decline, sales levels were 20 per cent above long-term, 10-year averages. Stronger sales in May were possible due to recent monthly gains in new listings. While the seasonal boost in new listings also caused inventories to trend up over the last month, inventory levels remain lower than levels reported in the previous year. They are at their lowest level reported in May since 2008. While year-over-year inventory levels have improved for homes priced above $300,000, more was needed to offset the declines occurring in the lower price ranges. “Saskatchewan continues to benefit from a strong economy which is helping offset some of the impacts of higher lending rates, keeping sales activity above [...]


From May-August, the Saskatchewan REALTORS Care® Committee has assembled a provincial campaign called the Good Neighbour Campaign that celebrates the community and recognizes contributions and acts of kindness, big or small. Each nomination for a Good Neighbour will qualify for a weekly draw to win a $100 Fuel Card and also for a monthly Grand Prize Draw for a $500 Grocery Gift Card. To participate in the Good Neighbour Program, you can inquire with your REALTOR® OR click here to be redirected to the nomination form! Nominate your Good Neighbour TODAY!


SASKATCHEWAN SHIFTING TOWARDS MORE BALANCED CONDITIONS May 4, 2023 For immediate release: Saskatchewan reported 1,216 sales in April, down 21 per cent year-over-year and slightly below long-term, 10-year averages. Aligning with seasonal trends, sales, and new listings trended up above levels seen earlier this year. Although inventory levels experienced a 4 per cent year-over-year decline and remain over 30 per cent below 10-year trends, the adjustments in sales and new listings have resulted in the months of supply rising to nearly five months. “Our market continues to struggle with supply and has since the start of the pandemic,” said Association CEO Chris Guérette. “While inventory challenges remain a concern for us, recent trends point to potential supply relief. Should these trends persist, we may see more balanced conditions play out in the market in the second half of the year.” The provincial benchmark price reached $323,600 in April, up [...]

2022 REALTOR® of the Year >> Avril Reifferscheid

The 2022 SRA REALTOR® of the Year Award recipient is Avril Reifferscheid. Avril Reifferscheid is the Broker of Realty Executives serving Watrous and area. Avril was voted onto the Saskatchewan REALTORS® Association Board of Directors in 2020, serving as Chair in 2022. She led the organization through the period of “mastering the basics,” creating a solid organizational foundation for future momentum. Avril is a passionate industry leader who has been known to support her local community in both leadership and volunteer capacities. The purpose of this award is to recognize an active member who demonstrates outstanding leadership and dedication to the real estate industry through association involvement and community service.