Saskatoon Market Update for February 2023
Posted by Jill Bird on
SASKATCHEWAN FARING BETTER THAN OTHER MARKETS DESPITE INVENTORY CHALLENGE
Sales activity slowed for the second consecutive month, contributing to a year-to-date decline of 19 per cent. Further declines in new listings kept inventory levels 36 per cent below 10-year averages for the month and the months of supply remained under four month.
In February there was 253 sales in Saskatoon. 409 New listings hit the market, making our total inventory 886 homes on the market.
Our average sale price for single family homes in February were $423,379 as there was 144 sales
Average sale price for townhomes was $298,000 as there was 33 sales
February saw 50 apartment sales in Saskatoon & were selling on average for $205,000
23% of homes sold…
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