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Saskatoon real estate a hot commodity in June 2020: SRA


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.


Saskatoon homes sales by month to June 2020


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.



New and active Saskatoon real estate listings by month to June 2020


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.


Saskatoon home prices by month and category to June 2020


The full media release from SRA can be found in the comments section below.


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I'm upped my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra

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Norm Fisher, Author of the TeamFisher Saskatoon Real Estate Blog

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

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