Sault Ste. Marie Real Estate Board

The number of homes sold through the MLS® System of the Sault Ste. Marie Real Estate Board totaled 123 units in March 2025. This was a gain of 9.8% (11 sales) from March 2024.

Home sales were 18.3% below the five-year average and 3.8% below the 10-year average for the month of March.

On a year-to-date basis, home sales totaled 304 units over the first three months of the year. This was up by 7.8% 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 $310,300 in March 2025, up by 4.4% compared to March 2024.

The average price of homes sold in March 2025 was $346,247, an increase of 8.3% from March 2024.

The more comprehensive year-to-date average price was $340,920, a moderate gain of 7.8% from the first three months of 2024.

The dollar value of all home sales in March 2025 was $42.6 million, increasing by 19% from the same month in 2024.

The number of new listings saw a gain of 13.3% from March 2024. There were 187 new residential listings in March 2025.

New listings were 6.9% below the five-year average and 10% below the 10-year average for the month of March.

Active residential listings numbered 264 units on the market at the end of March, up modestly by 2.3% (six listings) from the end of March 2024. Active listings haven’t been this high in the month of March in five years.

Active listings were 26.8% above the five-year average and 33.7% below the 10-year average for the month of March.

Months of inventory numbered 2.1 at the end of March 2025, down from the 2.3 months recorded at the end of March 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.