January’s Saskatoon Real estate market numbers are still down across the board. But we have seen some properties move slightly quicker than prior months.
The amount of unit’s being listed has declined by 10% compared to last January. Although this number is skewed in our opinion, many listings are expiring due to the timelines of the contract. Or, they are cancelled and re-listed at a lower price. We would say this is probably closer to 20% less than last January, when taking all this into account. We have also seen a decline of 1% over last year at this time in the amount of sales. With sales remaining almost unchanged it shows a lack of supply in certain areas compared to the demand. We currently have just over 1400 listings for sale in Saskatoon. A couple months ago, we were at almost 1900. This has created some fear of loss in certain situations, mostly with entry level houses that are priced accordingly. This will change as we get closer to spring and more homes come to the market. We expect the amount of active listings to rise again very soon.