South East Saskatchewan Market Update: What You Need to Know Before You Buy or Sell in 2025

As we dive into 2025, it's clear that the real estate market in South East Saskatchewan is facing some exciting opportunities, but also some challenges. Whether you're looking to buy your dream home, sell a property, or make a strategic investment, it's essential to stay informed about the current trends and the market conditions.

The Current Market Snapshot

In January 2025, South East Saskatchewan, including areas like Carlyle, Estevan, and Kenosee Lake, saw a slight decrease in residential sales, with 224 homes sold, down 6% compared to the same time last year. However, there are a few key trends that buyers and sellers should be aware of:

• Benchmark Price: The benchmark price for residential properties in the Regina-Moose Mountain region increased by 5.3% from January 2024, reaching $309,600 in January 2025​. This indicates stable growth in home prices despite the lower number of sales.

• Inventory: Inventory in the region is down by 27% year-over-year, standing at just 1,063 active listings in January 2025​. This reduction in available homes contributes to a tighter market, where both buyers and sellers need to be more strategic.

• Months of Supply: The months of supply in January stood at 4.75, a decline from previous months. With fewer properties on the market, this is a sign of a seller-friendly environment​.

• Average Sale Price: The average sale price in January 2025 was $299,222, reflecting an increase of 4.3% compared to January 2024. As demand continues to grow, prices have steadily increased, especially in high-demand areas like Estevan, Carlyle, and Kenosee Lake.

  What This Means for Sellers

  For homeowners considering selling in South East Saskatchewan, the current market conditions present a unique opportunity. While sales have decreased slightly, the dramatic reduction in inventory means there is less competition, allowing sellers to potentially achieve higher sale prices.

  If you’re thinking about selling, it’s essential to price your property strategically and ensure it’s presented well. A well-maintained, properly priced home is likely to stand out in this market. Sellers who are proactive and prepared to move quickly can benefit from strong buyer interest, especially if their home is in desirable areas.

  What This Means for Buyers

  For buyers, the current market might feel more challenging due to the limited number of homes available. However, low inventory also means that homes in high-demand areas are still available, but you need to act quickly when you find the right property. This is especially true in sought-after communities like Estevan, Carlyle, and Kenosee Lake, where the market continues to show strong interest.

  As a buyer, you will need to be prepared with pre-approvals and a clear understanding of what you're looking for in a home. With fewer listings, having your finances in order and being ready to make a competitive offer will make a significant difference in securing a home.

  Looking Ahead: Opportunities in 2025

  The market in South East Saskatchewan remains strong despite the challenges posed by limited inventory. Whether you’re buying or selling there are significant opportunities available for those who are prepared.

  If you’re considering buying or selling in the next year or two, now is the time to start planning and positioning yourself for success. With the right guidance and a clear understanding of the local market trends, we can make the most of the current conditions.

  If you're looking for personalized advice or want help navigating the current real estate landscape, don’t hesitate to reach out. As a seasoned real estate professional with experience in the South East Saskatchewan market, I can help you prepare for the next steps in your real estate journey. Contact me today to discuss how we can work together to meet your goals in 2025.