Happy New Year everyone! I’m sure we aren’t the only ones who are happy to welcome 2021 with open arms.
In our last market update we predicted that early 2021 would bring reduced inventories and a strong sellers market in Saskatoon. We want to share with you, if our predictions were right and what this means to you as a buyer or seller.
We ended 2020 with a very strong month in the Saskatoon Real Estate Market. There were 274 home sales in December, which means that sales were up 35% for the month compared to December of 2019, which only saw 203 home sales. That’s 71 more sales during this time.
In December, we also saw 347 new listings posted to the MLS, which means listings were up 14% for the month compared to December of 2019, which only saw 304 listings posted.
The average sale price in Saskatoon right now is $345,358 which is up 3.4% compared to December 2019.
As we predicted in our last market update, inventories are at an all time low. Back in December, we predicted...