June 2022 – Saskatchewan and Regina & Area Market Statistics

In comparison to last year’s levels, June sales have eased. “While sales have been trending down in the province this year, we cannot lose sight of the fact that sales levels are still amongst the highest levels ever recorded in our market and these higher relative levels are still being achieved despite the sharp rise in lending rates,” comments Chris Guérette, CEO of the Association.

As for the New Listings numbers, compared to last year, they have risen almost 9% which has helped support some monthly gains in inventory levels.  Even with 6,893 units in inventory, supply levels are still 27% lower than the 10-year average and is one of the lowest levels reported for June.

Similar to the month of April, sales in May have increased compared to the start of the year. Although sales have increased since the beginning of 2022, compared to last May’s sales of 1,853, this May’s sales were 1,814, dropping by 1.8%. Since the beginning of the year, sales in Saskatchewan totaling 6,682, have dropped 11% compared to last year’s January-May sales, but the long-term trend which is the compiled 10-year average from the current year to 10 years from now is more than 27% higher.

According to Chris Guérette, CEO of Saskatchewan REALTORS® Association, “While demand for homes in Saskatchewan has remained relatively strong so far this year, we did not go through the same early demand surge as some markets. In fact, our market is

Throughout Saskatchewan, housing sales have slowed 11% compared to record highs set last April. Although sales have been slower in the first four months of the year, it is important to note that the 4,873 sales are 30% higher than longer-term trends. According to SRA CEO, Chris Guérette, “While rising lending rates are likely contributing to some of the pullback in sales, another challenge limiting sales has been the drop in supply choice, especially in the larger markets of the province.”

April’s New Listings were 18% lower than last year’s levels and Inventory levels are 20% lower than last April and over 30% below the long-term trends. The Months of Supply remain below four months and as Guérette stated, “The Months of Supply number is an

In Saskatchewan when spring comes and the grass starts to peak through the snow everyone is excited for it! Although the nice weather is here, so is the spring cleaning, outside and in. That is where we come in, with an itemized cleaning checklist to help tackle all areas of the home, including those areas of the home you might forget!

Kitchen

Oven: A combination of dish soap, baking soda, vinegar, and water is all you need to make the baked on stains wipe off with ease.   Combining equal parts dish soap, water, and vinegar in a spray bottle and thoroughly spray the mixture all over the oven. Once the oven is coated with the mixture, sprinkle on baking soda over top of the spray mixture and leave it to do its magic for at least an