The real estate market in Swift Current continued to thrive in 2017.

Last year tied for the fifth busiest year ever in the cities history, according to year-end stats by MLS. 

Real Estate Agent, Kelsey Adam, says a combination of more inventory with a stable economy and steady interest rates helped the city finish with 275 residential sales.

"We started off with a near-record first quarter, and things stayed steady from there as we finished off the year with two strong quarters."

The city finished tied with 2015 for most residential sales, and behind 2007, 2012, 2013, and 2014.

Adam added that he isn't surprised to see the numbers this year.

"I knew that we were doing well. I think better than sometimes people think the market is doing," he said. "There's a lot of inventory on the market now. The most we've seen in a long time and because of that people do have to be a little sharper with their prices when selling."

Adam said despite sellers having to be sharp on how they price their home, sellers got 94% of their asking price.

The city saw an increase in inventory as 514 residential properties were listed, compared to 512 last year, 456 in 2015, and 395 in 2014.

Adam added due to the increased inventory, now is a good time to buy a house in Swift Current.

"In a lot of price categories, it's a buyer’s markets," he said. "There is a good amount of inventory out their, so buyers can be a little pickier. If someone wanted to buy a house, it's a great time because the city has a good level economy and decent interest rates."

The median sale price for the year was $255,000, meaning that there were as many houses selling above the price as there were below it. The average residential sale price was $269,000, a decrease of 1% from 2016 which was $274,000.

Adam said looking forward to 2018 things should stay on par or be even busier.

"From all the factors I would think that 2018 is going to be on par with what we did last year," he said. We have again, a nice level economy. We have some new businesses that are going to be coming into town. We have a good amount of inventory that's going to attract buyers, but the homes are very affordable."