As we embrace 2020 it’s always good to reflect on what 2019 has brought us.
Year In Review 2019:
I’m sure we all know that Saskatoon’s Real Estate market has seen better times. With that being said some small improvements have happened to create a more balanced market.
The dollar volume saw an increase of 8% over last year which is due to a strong finish in December and over double the amount of million dollar homes sold compared to 2018.
Inventory levels continue to decline especially with condos, in 2019 the amount of new listings saw a decline of 3%. Unit sales had an increase of 8% over last year which is due to a lack of inventory which has given buyers some fear of loss when purchasing.
These positive numbers are great to see but it is still a buyers market and the average selling price came in just under last year at negative .4%.