2018 saw a downturn in the Moose Jaw housing market.

According to the Association of Regina Realtors and the MLS System, residential sales and listings in the Friendly City and region decreased 8.4 % from 2017.

For all property types, sales were down 5 % compared to 2017.

As well, year-end property values finished on a downward trajectory. For the month of December, the MLS Home Price Index residential benchmark price of $201,400  was down 8.3 % over the same time in 2017, down 8.8 % over three months, and down 11 % over the last six months. 

Rob Reynar, who is the Manager of Operations and Member Services for the Association of Regina Realtors, said, "Much of the gains homeowners have seen in the Moose Jaw area over the past ten years have been eaten into over the past 12 to 24 months. An overall lessening of demand combined with the negative effects of two rounds of federal mortgage rule changes in 2018 has created conditions for price drops. With sales levels below the five-year average for the market, this will be something to watch as we head into 2019."