Sault Ste. Marie Real Estate Board

The number of homes sold through the MLS® System of the Sault Ste. Marie Real Estate Board totaled 126 units in April 2025. This was a decrease of 8.7% (12 sales) from April 2024.

Home sales were 20.2% below the five-year average and 8.4% below the 10-year average for the month of April.

On a year-to-date basis, home sales totaled 430 units over the first four months of the year. This was a small gain of 2.4% (10 sales) from the same period in 2024.

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite/single-family benchmark price was $310,000 in April 2025, increasing by 3.7% compared to April 2024.

The average price of homes sold in April 2025 was $339,646, decreasing by 3.4% from April 2024.

The more comprehensive year-to-date average price was $340,547, a modest gain of 3.9% from the first four months of 2024.

The dollar value of all home sales in April 2025 was $42.8 million, down by 11.8% from the same month in 2024.

The number of new listings saw a decrease of 8.1% from April 2024. There were 228 new residential listings in April 2025.

New listings were in line with the five-year average and 6% below the 10-year average for the month of April.

Active residential listings numbered 327 units on the market at the end of April, a slight reduction of 0.3% (one listing) from the end of April 2024.

Active listings were 32% above the five-year average and 28.3% below the 10-year average for the month of April.

Months of inventory numbered 2.6 at the end of April 2025, up from the 2.4 months recorded at the end of April 2024 and below the long-run average of 3.7 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.