Click the video below for a two-minute overview of Saskatoon MLS® activity for the month of November 2019. Our statistics graphs are also ready and posted here. I'll include the official media release from the Saskatoon Region Association of REALTORS in the comments section once it has been received.
Saskatoon home sales grew 20 percent during the month of November on a year-over-year basis to produce the largest sales gains recorded for any month this year. The single-family homes category accounted for all of the gains as 181 detached houses traded, up from 137 in November of 2018.
The number of new listings added to the MLS® fell sharply lower to just 451. That is the smallest number of new listings for November in the seven years reflected on our charts.
Meanwhile, MLS® inventory fell to 1534, down from 1,716 a year ago, and at its lowest point for November since 2014.
The average sale price of a Saskatoon home remained lower on an annual basis by three percent. A closer look at the benchmark prices of the Home Price Index shows that single-family homes are down about 1.5% annually. Townhome prices slipped modestly by 0.7 percent. Apartments took some hard lumps losing roughly eight percent of their value in a year.
I'm always happy to answer your Saskatoon real estate questions. My contact information is here.
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