The holiday season generally sees a decline in the housing market, however, Weyburn's housing market has been down for quite some time.

"We're seeing a very high quantity of homes on the market probably one of the highest we've ever seen, it has been that way for about a year and a half or maybe even close to two years now," says Winston Bailey, owner of Weyburn's RE/MAX. "Basically a real buyers market out there, so lots of homes for sale a few houses selling every month."

The houses that are selling are around the $200,000 to $300,000 mark. Buyers have the opportunity to be more selective with the increase in houses available.

Changes made to interest rates and qualifications for applying for a mortgage may be a deterrent for home buyers.

"These qualifications are just a little more enhanced which makes your purchase stronger, makes the people that are buying a little more solid in their purchase with qualifying at a higher interest rate," says Bailey. "You can still get a lower interest rate but you have to qualify at a higher interest rate, and that makes stability in the market so that's not a bad thing."

Housing markets generally see more activity in January, depending on things like the weather. With Weyburn seeing an extended period of slow housing markets only time will tell when Weyburn will see changes to this state.