July 2022 Market Stats

2022-08-04T08:53:39-06:00August 4th, 2022|

“As expected, gains in lending rates are having some cooling impacts on the housing market causing consumers to seek out more affordable options.  The challenge will be product availability in the lower price ranges of the market. Supply levels are improving compared to earlier in the year, however, the year-over-year decline in inventory has been driven by homes priced below $400,000,” comments Chris Guérette, CEO of Saskatchewan REALTORS® Association.

February 2022 Market Stats

2022-05-11T09:26:35-06:00March 2nd, 2022|

“Last month we started to raise an alarm bell about inventory levels in Saskatchewan,” said Guérette. “Now that we’re two months into the market, that dip in inventory levels being the lowest we’ve seen since 2010 is concerning. That’s why we’re working harder than ever to build a fuller picture of Saskatchewan’s housing continuum so we can identify where the gaps are and build smartly and collaboratively for growth.” 

November 2021 Market Stats

2022-05-11T09:27:38-06:00December 3rd, 2021|

Supply levels did not keep up with the sudden shift in sales. New listings this month totaled 1,521 units, causing the sales-to-new- listings ratio to rise to nearly 90 per cent, the tightest level ever recorded in November. Without the same growth in new listings inventories eased and the months of supply fell to four and a half months.