Real Estate Blog

The Saskatchewan real estate market had another strong month and ended 2020 at levels not seen since 2014.

Sales in Saskatoon were up 35.0%, going from 203 in December 2019 to 274 in December 2020, and up 41.5% in the overall region, going from 258 to 365. In Saskatoon, sales were 32.1% above the 5-year average (and 33.5% above the 10-year average), while in the larger region, sales were 33.8% above the 5-year average (and 32.3% above the 10-year average). Year-to-Date (YTD) sales in Saskatoon rose 18.2% over last year, increasing from 3,614 to 4,272, while YTD sales in the larger region rose 23.0%, going from 4,833 to 5,945.

In Saskatoon, the number of new listings in December 2020 rose 14.9%, going from 302 to 347 (3.6% above the 5-year average and 5.9% above the 10-year average), while in the region, new listings rose 10.6% from 435 last year to 481 this year (1.4% below the 5-year average and 2.6% above the 10-year average). YTD new listings in the city fell 3.0%, going from 7,745 to 7,514, while in the larger region, the number of new listings to date fell 5.7%, going from 11,309 to 10,660. Active listings fell 24.0% in Saskatoon (down from 1,329 to 1,010) and fell 27.9% in the region (down from 2,538 to 1,831).

Inventory in Saskatoon stood at 3.7 months. Median home prices in Saskatoon went from $316,635 to $333,000 

If you have any questions about the Real Estate in Saskatoon & Area, please reach out!

306-221-1350

Jill@sellingsaskatoon.com

https://www.sellingsaskatoon.com/