Here are the stats from the past month in Saskatoon…
In August, there were 492 homes sold, which represents an increase in sales of 7% compared to August 2020, where we saw 460 sales.
Currently there are approximately 1401 active listings on the MLS. Out of the total listings 821 are single family homes 583 are condos. Out of the 583 condos 204 are townhouses and 365 are apartment style.
735 new listings were posted in August which is down 5.8% compared to August 2020, where we saw 780 new listings.
The average sale price in August 2021 was $365,071. This is an increase of almost +6% YTD compared to this same time in 2020.
In Real Estate, we often talk about there being two main busy seasons each year. The first one is typically from March to the end of June and the second one is from September to the end of October. Now that summer holidays are over, and kids are back in school, people are looking to move before the weather gets cold and they are too busy with the holiday season.
As a seller, this makes it a good time to have your property on the market as there is an increase in buyers looking for homes.
As a buyer, this is a good time to purchase a home as there is still a relatively large supply of inventory in the market, and there's more to choose from than there might be in the cold winter months ahead.
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