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Saskatoon February Market Update

Posted by Cam Bird on Monday, March 11th, 2019 at 4:33pm.

                                

 

“Even in a Buyer’s market Seller’s can successfully sell their home.” said Jason Yochim, CEO of SRAR.

In February there was a total of 478 new listings, making a 8.6% decrease than last year, which is the lowest its been since 2013. There was 731 active homes in the Saskatoon region, down 7% from 2018.

Sales increased 6% from last February, after there was 296 sales in February for a year to date of 570. In Saskatoon the average selling price was $338,268.

Year to date, listings dropped 7% to 1,591, sales were up 1% to 570

Months of inventory dropped to 6.7 from 7.5 last February.

 

Even though there was some relief for Seller’s in February, it is still remains a Buyer’s market.

The most important aspect to achieving a sale is pricing your home properly to match the specific market conditions.

                                          

 

If you are interesting in Selling your home or looking to make your next purchase, please give us a call at 306-221-0654 or visit our website    http://www.sellingsaskatoon.com/contact.php

 

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