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Welcome to my monthly real estate market update for Lloydminster.   Look at what happened with the Lloydminster Real Estate Market last month.

32 Properties Sold in February 2023.  It was a very productive month for real estate.  Despite interest rates, the market is relatively active.

The average selling price range was $253,378, with an average of 110 days on the market.

According to the latest data, homes sell within 94.26% of the sale price to list price ratio.  In February 2022, a total of 54 properties were sold in Lloydminster.  This year, it may be a decrease in sales for the same month, but it was mainly due to the interest rate hike.  However, the rates are way better than several years ago.  

Is now the time to sell or buy?  Of course, it is.  Feel free to contact me for a FREE market evaluation.


Saskatchewan market holding strong despite inventory challenges

Despite facing inventory challenges, the real estate market in Saskatchewan remains strong, with sales activity higher than pre-pandemic levels and above long-term, 10-year averages, according to the Saskatchewan Realtors Association (SRA). 

The association recorded 854 sales across the province in February, a year-over-year decline of 19 per cent. However, inventory levels were down six per cent year-over-year and 31 per cent below 10-year averages, and the months of supply remained under four months in many regions.

Chris Guerette, CEO of SRA, acknowledged that higher lending rates and supply challenges continue to be the primary reason for the pullback in sales and expressed concern about the low inventory levels, particularly in the affordable segment of the housing continuum. 

Benchmark price up slightly year-over-year

February price trends varied across the province, with prices increasing in Melfort, Prince Albert, Saskatoon and Yorkton. 

According to SRA, in most regions, price adjustments were relatively small as we continue to return to more balanced conditions.

The provincial benchmark price reached $318,500 in February, slightly higher than the previous month and 0.4 per cent higher than February 2022.

Regina & Saskatoon

The city of Regina reported a benchmark price of $310,200 in February, while Saskatoon reported a benchmark price of $372,400.


Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.