04/24/2024
As we approach Spring, the weather and real estate market heats up! Here is what you need to know about Saskatoon's Real Estate Market:
🚀 February 2024 saw strong real estate activity in Saskatchewan, with 999 sales, a 17% increase from the previous year, and 24% above the 10-year average.
📊 Despite a slight rise in new listings, inventory declined by 17% year-over-year, with levels nearly 38% below the 10-year average, driven by sustained high demand.
💰 Saskatchewan's provincial benchmark price reached $330,800 in February, up nearly 5% from February 2023, driven by notable price gains in detached homes. In Saskatoon, the benchmark price is $388,300, 6% higher.
📈 Saskatoon recorded 309 sales in February, a 22% increase from the previous year, with inventory declining by 26% year-over-year, almost 50% below the long-term trend.
If you're looking for a real estate agent with strong local market knowledge to help you buy or sell this season, give me a call: (306) 361-8937!
Call now to connect with business.