The Saskatchewan Real Estate market is booming! At levels not seen since 2014. Inventory levels are reaching a NEW LOW. In Saskatoon, listings fell 24% and in Prince Albert, they fell 18.3%. Because supply is so low and demand remains high, sellers are selling their homes faster and for a great price!
If you’re curious what you could sell your home for, ask us for a FREE Home Evaluation. This will tell you what you could sell your home for today.
-Léo & Taylor Morrison
Sales in Saskatoon were up 35% from December 2019. Sales dollar volume increased, up 39.6%. Listings decreased, down 24%. Homes in the city are spending an average of 48 days. The average home price is $318,000, up 2.8% from last year. Saskatoon is exerting a very strong sellers’ market with a 79% ratio.
In the Saskatoon Region, sales increased, up 41.5% compared to December 2019. Sales dollar volume was up 28.4%. Listings decreased, down 27.9%. Homes are spending an average of 57 days on the market. The average home price is $313,956, down 3.8% from last year. The sales to new listings ratio is 75.9% resulting in a strong sellers’ market.
Comparing to December 2019, this year experienced overall increases with sales being up 169%!! Sales dollar volume increased, up 199%. Listings were down 18.3%. The average home price went down by 7.4% to $180,500. Homes were spending an average of 92 days on market. PA has sales to new listings ratio of 109.2%.
PRINCE ALBERT REGION
This December, sales in the PA region were up 166% compared to 2019. Total sales volume was up 30.8%. Listings decreased, down 29%. Homes spent an ‘average days on market’ of 90 days. Average home prices increased by 3.7% to $213,971 from last year. PA region saw conditions favouring a sellers market, exerting a 103.7% sales to new listings ratio.