Sault Ste. Marie Real Estate Market Report

The number of homes sold through the MLS® System of the Sault Ste. Marie Real Estate Board totaled 145 units in August 2026. This was down by 17.1% from August 2025. Home sales were 12.9% below the five-year average and 17.9% below the 10-year average for the month of August. On a year-to-date basis, home sales totaled 942 units over the first eight months of the year. This was a notable decrease of 19.2% from the same period in 2025. 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 $318,300 in August 2026, nearly unchanged, up only 0.2% compared to August 2025. The average price of homes sold in August 2026 was $347,370, a moderate gain of 7.9% from August 2025. The more comprehensive year-to-date average price was $328,224, decreasing by 2.9% from the first eight months of 2025. The dollar value of all home sales in August 2026 was $50.4 million, a decline of 10.6% from the same month in 2025. The number of new listings rose by 5.2% (14 listings) from August 2025. There were 284 new residential listings in August 2026. This was the largest number of new listings added in the month of August in a decade. New listings were 11.8% above the five-year average and 11.2% above the 10-year average for the month of August. Active residential listings numbered 621 units on the market at the end of August, an increase of 15.4% from the end of August 2025. Active listings haven’t been this high in the month of August in more than five years. Active listings were 30.7% above the five-year average and 11% above the 10-year average for the month of August. Months of inventory numbered 4.3 at the end of August 2026, up from the 3.1 months recorded at the end of August 2025 and above the long-run average of 3.2 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.