June 2022 Market Stats
You will notice a change in the benchmark home price this month. Benchmark home prices reflect a typical home [...]
You will notice a change in the benchmark home price this month. Benchmark home prices reflect a typical home [...]
SUPPLY CHALLENGES PERSIST INTO THE SPRING MARKET June 03, 2022 For immediate release: Unlike some areas of the country, [...]
APRIL SALES LOW BUT PRICES REACH RECORD HIGHS DUE TO LOW SUPPLY May 5, 2022 Embargoed: With 1,547 sales [...]
SUPPLY LEVELS REMAIN LOW CAUSING CONTINUED PRICE INCREASES For immediate release: Both sales and new listings trended up this [...]
“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.”
“Inventories still remain relatively low, but if new listings continue to improve relative to the sales, this should eventually translate into improved supply and better market balance,” said SRA CEO, Chris Guérette.
Saskatchewan set a housing sales record with 17,387 sales in 2021, a new high which surpassed the previous record in 2007 by 17 per cent.
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.
OCTOBER SALES REMAIN STRONG AS BUYERS LOOK TO TAKE ADVANTAGE OF LOW LENDING RATES November 04, 2021 For immediate [...]
Sales Ease as Supply Levels Remain Relatively Low October 06, 2021 For immediate release: Sales [...]