Saskatoon real estate market slows but still healthy, says realtors association – Saskatoon
Whereas the actual property market in Saskatoon has slowed down, costs of homes have gone up.
On a year-to-date foundation, residential residence costs have gone up by eight per cent, in response to the Saskatchewan Realtors Association (SRA).
Learn extra:
Healthy housing market in Sask. despite sales drop in August, says realtors association
Nevertheless, gross sales have slowed down in comparison with 2020, which noticed record-high numbers.
Chris Guerette, CEO of SRA, says the market was not typical final yr due to the pandemic.
“So what we’re seeing here’s a market that’s nonetheless very well being in Saskatchewan, though we might preserve a pointy eye on stock ranges.”
Though gross sales and provide ranges have fluctuated, the actual property market stays comparatively impartial because the new-listings-to-sales ratio nonetheless stays over 60 per cent.
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