Fall is finally upon us, the smell of pumpkin spice is in the air, and the real estate market has shifted - so what are they key things you need to know right now as a buyer or seller?
In September, there were 329 home sales which represents a decrease in sales of -16.9% compared to September 2021, where we saw 396 sales.
There were 1190 active listings as of October 3rd, and there were 590 listings added to the MLS in September. This means that new listings were down -9.4% compared to September of 2021.
This September, the average sales price in Saskatoon was $374,042 which is up 9.4% compared to this same time last year.
When we review these stats, it’s clear that sales have slowed down a bit and there are less listings on the market compared to last year. Even though the numbers are decreasing, we encourage you to think of the market as “back to normal” rather than “crashing” as many of the news headlines would have you believe.
The market over the last few...