Saskatoon Real estate market see’s some signs of improvement in February 2019.
The Real Estate Market
The amount of new listing continue to decline by 9% over last year at this time. We will see an increase of new listings and the inventory levels will rise in the coming months as the weather changes. The dollar volume is up 3% over last February but year to date we are down 5%. This is still the result of less high end homes being sold. Unit sales this year are actually on par with last year’s numbers. A lack of inventory in certain price points has made buyers act quicker than in past month.
What to expect in the coming months:
What About Pricing?
Even with all the new market activity, we do not see prices increasing at all. Although, seller’s can expect a more timely sale with less inventory on the market. All in all, when inventory levels are down, it is time to list!