The average home price in Saskatoon was about $351,000 at the end of February, up about six per cent from 12 months ago ($332,000), said Jason Yochim, executive officer with the Saskatoon and Region Association of Realtors.
The rest of the stats for Saskatoon, including number of active listings and average selling price, are also up from last year.
CREA has speculated that resales will continue to rise this year, due in part to the interest rates staying low. TD economists are also projecting that sales and prices are likely to stay on a strong and sustainable pace going further into the year.
This is all great news for potential sellers and buyers in Saskatoon! If you are thinking of buying or selling, or just want more market information, contact me for details!