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Market Statistics

Market Statistics

Saskatchewan Real Estate Finishes 2020 on a High

Saskatchewan Real Estate Finishes 2020 on a High   January 06, 2021 For immediate release: MediaRelease-2021-01-06 The Saskatchewan real estate market had another strong month and ended 2020 at levels not seen since 2014. Across the province, sales were up over 58% from last December, going from 590 to 935, new listings were up close to 13%, going from 1,005 to 1,132, and the median sale price was up over 1%, going from $253,750 to $257,500. Inventories were also down in all 19 markets that the SRA tracks. Despite increased restrictions coming into effect in December to help reduce the rising spread of COVID throughout the province, the market continued to show considerable strength. “We’d already reached over 33% of last December’s sales in the first week of this December,” said SRA Economic Analyst Chris Gbekorbu, “so I figured we’d have another strong month to finish off the year.” Median [...]

Saskatchewan Housing Sales Continue To Defy Earlier Predictions

December 4, 2020 For immediate release MediaRelease-2020-12-01 Continuing to defy earlier predictions of a weak housing market due to COVID, the Saskatchewan real estate market remains strong and has outperformed last year’s market. Across the province, sales were up over 54% from last November (and up 22.7% year-to-date), going from 697 to 1,077, new listings were down just over 4% (and down 14.6% year-to-date), going from 1,499 to 1,437) and the median sale price was up close to 1% (and essentially unchanged year-to-date), going from $265,000 to $267,574. Inventories were also down in 18 of the 19 markets that the SRA tracks. Increased restrictions in place due to the rise in COVID cases throughout the province hasn’t deterred people from buying and selling real estate. “Even before the new restrictions were in place, we had our members suspend open houses again and required them to wear masks with clients”, said [...]

Open House Pause

Saskatchewan REALTORS take the safety of Saskatchewanians seriously. We've shown leadership in the past, and we continue to take a lead to minimize the risk of transmission so that the government allows real estate to remain an essential service. We were the first province to pause open houses in March before the government placed the province on lockdown. We expected all members across the province to wear masks when meeting with clients before the government’s mask mandate was expanded beyond Prince Albert, Regina, and Saskatoon. And effective immediately, we are placing a pause on open houses to do our part to prevent the further spread of COVID.  There are still times when a physical viewing of a property is required. Here are a few tips to help you reduce the risk of exposure if you are trying to sell your home right now:  ✅ Use a Saskatchewan REALTOR®  ✅ Consider selecting an agent that uses tools that can help qualify buyers during their [...]

Strong Consumer Confidence Continues to be a Boon for Saskatchewan Real Estate

MediaRelease-2020-11-04 November 4, 2020 For immediate release The Saskatchewan real estate market continues to be strong and outperform last year’s market. Across the province, sales were up 38.4% from last October (and up 20.4% year-to-date, going from 987 to 1,366), new listings were up 1.0% (but down 6.6% year-to-date), going from 2,002 to 2,023, and the median sale price was up 7.8% (up 3.6% year-to-date), going from $255,000 to $275,000. Inventories were also down in 16 of the 19 markets that the SRA tracks. Consumer confidence is high in Saskatchewan despite falling economic resilience across the country due to the emergence of a second wave of COVID-19. “The protocols that we put in place back in April to keep REALTORS® and their clients safe,” said SRA CEO Jason Yochim, “has helped ease people’s anxiety when it comes to buying and selling real estate.” Combined with the government’s early efforts to [...]

Saskatchewan Real Estate Continues To Be Strong: More Than Recovered From COVID

October 2020 Media Release October 6, 2020 For immediate release  The Saskatchewan real estate market continues to be quite strong, outperforming the market last year. Across the province, year-over-year sales were up almost 52% from last September (and up over 18.5% year-to-date), new listings were up 10% year-over-year (but down just over 7% year-to-date), and the median sale price was up over 2% (up 0.4% year-to-date). Inventories were also down in 18 of the 19 markets that the SRA tracks. Although the province continued to see a small uptick in COVID cases in September, this hasn’t deterred people from buying and selling real estate. “While it’s been suggested that the market would suffer due to COVID,” said SRA CEO Jason Yochim, “this really hasn’t happened in Saskatchewan.” Despite a smaller number of new and active listings year-to-date, other numbers are generally better compared with last year. “The fact that sales [...]