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.