Lacy Watson Real Estate - Saskatoon REALTOR® - Market Updates

Saskatchewan faring better than other markets despite inventory challenges.

Posted on Mar 03, 2023

There were 854 sales recorded across the province in February, a year-over-year decline of 19 per cent. However, while sales are down year-over-year, sales activity remains stronger than pre-pandemic levels and above long-term, 10-year averages. As seen in prior months, Saskatchewan continues to report new listings and inventory levels significantl...

SASKATCHEWAN REMAINS RESILIENT, SUPPLY LEVELS A MAJOR CONCERN

Posted on Feb 07, 2023

Pullbacks in both the attached and detached sectors resulted in 631 sales being recorded across the province in January, a year-over-year decline of nearly 16 per cent. While January sales are lower than the activity reported over the past two years, sales remain consistent with pre-pandemic levels.Despite gains in new listings, January inventory l...

Inventory levels remain over 25 per cent below 10 year average.

Posted on Dec 07, 2022

There were 924 sales recorded across the province in November, a 32 per cent decline over last year’s record high. While sales continue to slow when compared to 2021, a record year, year-to-date activity remains over 16 per cent above long-term trends in the province.The ongoing pullback in new listings continues to be driven largely by homes price...

Inventory levels 25% below 10 year average.

Posted on Nov 06, 2022

There were 1,144 units sold across the province in October, a year-over-year decline of 12.3 per cent. While sales continue to ease relative to 2021, a record year, October sales data reflects a year-over-year increase of 1.7 per cent when compared with 10-year averages.The pullback in sales was met with a reduction in new listings, resulting in lo...

Sales returning to normal, inventory levels remain a challenge.

Posted on Oct 05, 2022

Sales activity continued to trend down in September with 1,267 units sold, a year-over-year decline of seven per cent. However, as seen in August, sales levels remain consistent with long-term trends as the market returns to more balanced conditions.New listings were relatively stable on a year-over-year basis but continue to decrease when compared...

Easing sales helping shift market towards more balanced conditions.

Posted on Aug 11, 2022

July sales eased to 1,439 units reflecting a year-over-year decline of nine per cent contributing to the year-to-date decline of nearly 10 per cent. While sales have eased, last year was a record year, and with year-to-date sales just shy of 10,000 units, levels are still well above long term averages for the province.New listings trended down from...

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