Inventory levels remain over 25% below 10year average.
Saskatoon Real Estate Market Update in November 2022
Inventory levels fell to the lowest level reported in over a decade!!! The Sales have gradually declined 15% in Saskatoon for November
The city of Saskatoon reported benchmarked price of $367,800, which is 3% higher than This time last year.
November bad 269sales in November; 34% lower than this time last year. We had 419 new listings hit the market with a total inventory count of 1,024 listings. Saskatoon had a 3.8month supply of inventory as homes took on averages 44days to sell in November. Houses were selling for 97% of asking price. Our average sale for single family homes was $404,000. There was 19 properties that sold over asking and 14 properties sold at full list price, so homes are still selling if they are priced accordingly.
If you have questions about the market, I would be happy to help you out,
Jill Bird RE/MAX Saskatoon
306.221.1350
Posted by Jill Bird on
Leave A Comment