INVENTORY LEVELS 25 PER CENT BELOW 10-YEAR AVERAGE
Easing sales in October contributed to a year-to-date sales
decline of over 12 % when compared to last year’s record
highs. That said, sales continue to far exceed pre-pandemic
levels and speak to the strength of the Saskatoon market. October has 319 sales in Saskatoon, 192 of those were single family homes. 510 new listings hit the market in October; 322 of those were single family. Our total inventory was 1,098 properties giving us a 3.4 month supply of inventory.
The City of Saskatoon recorded a benchmark price of $371,600, which is actually up 4.4 per cent increase year-over-year. Interesting takeaways from the month.
Saskatoon had 2 sales over 1 million dollars for the money- one in Willowgrove & the other in Varsity view.
There was 11 sales in October under $100K, 3 of those were single family dwellings!
If you have any questions about the market, contact Bird Realty
Cam Bird 306-221-0654
Jill Bird 306-221-1350
Posted by Jill Bird on
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