As the Saskatoon real estate market has slowed, home prices have risen.
Since the start of the year, residential home prices have risen eight percent, according to the Saskatchewan Realtors Association (SRA).
Healthy Housing Market in Saskatchewan. despite the drop in sales in August, according to the association of real estate agents
However, sales have slowed compared to 2020, which saw record numbers.
Chris Guerette, CEO of SRA, said the market was not typical last year due to the pandemic.
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“So what we’re seeing here is a market that’s still very healthy in Saskatchewan, even though we’re keeping a close eye on inventory levels. “
Although sales and supply levels have fluctuated, the real estate market remains relatively neutral as the new listings / sales ratio still remains above 60%.
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