If you’ve been considering buying or selling a home in Saskatoon and surrounding area, there are some KEY things you need to know about the real estate market right now!
The stats from January are in, here are two key points to know right now:
1) Inventories are REALLY LOW.
As of February 1st, there were only 848 active listings on the MLS. 436 are single family homes and 416 are condos.
To compare, on February 1st of 2021, there were 1026 active listings on the MLS and 496 of those were single family homes. That’s a reduction in listings of almost 12% compared to last year - and we thought listings were low at this time last year!
2) Sales are staying strong despite low inventories
In January there were 244 sales for the month. This number is down about 11% compared to the same time in 2021, but if you consider the lack of inventory we are experiencing right now this number is still very strong. In fact, this is still higher than sales in January of 2020 where we only saw 219...