RECORD BREAKING SALES IN MARCH

Sales were up 108.8% in Saskatoon (going from 273 to 570) in March, 2021. Sales in Saskatoon were 72.9% above the 5-year average. Year-to-Date (YTD) sales in Saskatoon rose 66.2% over last year (increasing from 722 to 1,200)

Sales volume was up 118.0% in Saskatoon, going from $94.7M to $206.5M in 2021 (82.4% above the 5-year average, and 76.7% above the 10-year average). YTD sales volume in Saskatoon was $427.8M (an increase of 78.4% from last year), In Saskatoon, the number of new listings in March 2021 rose 53.8%, going from 602 to 926 (23.3% above the 5-year average). YTD new listings rose 23.4% (going from 547 to 675).

Active listings fell 12.0% in Saskatoon (down from 1,454 to 1,279). Inventory in Saskatoon stood at 2.2 months (which is 57.9% below the level last year and 53.5% below the 5-year average), while the sales to listing ratio was 61.6%, suggesting that market conditions favour sellers. Homes in Saskatoon stayed on the market an average of 36 days in March, down 34.5% from 55 days last year (but below the 5-year average of 52 days).

The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—varied across different centres in the region. Saskatoon saw the price of the benchmark composite home rise 8.2% year-over-year, going from $290,500 to $314,300.

Info provided by SRA