In December, Saskatoon's real estate market showcased robust performance with 230 sales, marking a 14% increase from the previous year and surpassing the long-term 10-year averages by 10%. However, this surge in sales was accompanied by a decrease in new listings, leading to a continued decline in inventory levels, nearly 45% lower than the 10-year average in the Bridge City.

The scarcity of available properties reinforced tight market conditions, contributing to modest price growth. Saskatoon reported a benchmark price of $374,100 in December, representing a notable increase of over 5% compared to December 2022.

The total inventory for December stood at 691, marking a 23% decrease year over year, further underlining the limited availability of properties in the Saskatoon market.

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Posted by Jill Bird on
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