Saskatoon’s real estate market continues to see a slight decline. In August the sales dollar volume saw a decrease of 4% but year to date it is up 5%. Even with the increase in activity later in the month, buyers are still cautious and taking their time when purchasing. The amount of units being listed also saw a decline of 4% and down 3% over last year at this time. This decline in new listings is crucial to keep inventory levels reasonable, we still have almost 1900 listing on the market just in Saskatoon. Unit sales saw a slight decline of 1% although year to date sales are up 6% over last year. We will continue to see more activity in September as families get back to their routines. Although this year’s sales and dollar volume will most likely continue to decline.
What to expect in the coming months?
When Should I Buy?