While the real estate market in Saskatoon has slowed down, prices of houses have gone up.
On a year-to-date basis, residential home prices have gone up by eight per cent, according to the Saskatchewan Realtors Association (SRA).
However, sales have slowed down compared to 2020, which saw record-high numbers.
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Chris Guerette, CEO of SRA, says the market was not typical last year because of the pandemic.
“So what we’re seeing here is a market that’s still very health in Saskatchewan, although we would keep a sharp eye on inventory levels.”
Although sales and supply levels have fluctuated, the real estate market remains relatively neutral since the new-listings-to-sales ratio still remains over 60 per cent.