The Saskatchewan REALTORS® Association released the official MLS® statistics for the month of June yesterday.
Local real estate agents reported a total of 515 residential sales for the month. That's up 38 percent from last June, and the strongest sales month since the market peaked in June 2014.
Single-family home sales showed the strength with 369 properties trading hands, up from 265 last June. Condo sales reached 129, to produce a peak month in the previous five years, for an annual gain of 36.
New listing activity grew to 830 in Saskatoon to finish up annually for the first time since January as sellers rushed to take advantage of a buoyant market.
Meanwhile, active listing inventory grew modestly from last month's close and reached 1585, down from 1972 a year ago,
The market closed the month with just a three month supply of homes, the lowest we've seen since 2007 when the Saskatoon real estate market experienced its first significant boom.
Prices increased for every housing category this month, except for townhomes. They remained fairly flat on an annual basis, with townhomes being the exception. Prices for a townhouse grew nearly 2.5% from last year at this time.
The full media release from SRA can be found in the comments section below.
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