Found 3 blog entries tagged as real estate market statistics.

As you may have heard in the news, on social media, or even from a friend, the Saskatoon real estate market in 2021 was unlike any other we have ever seen. With record-breaking sales, low inventory, and high demand, it was the perfect recipe for a seller's market, which, thankfully, many were happy to take advantage of! So what exactly was the breakdown of the real estate market statistics? Here are the highlights:

2021 Home Sales in Saskatoon

Saskatoon closed out the 2021 real estate market at the end of December with 5,403 sales. Not only was this 27% above the sales seen in 2020 and 36.8% above the 10-year average, but it was actually record-breaking for the city's industry. In fact, we didn't just surpass the previous sales record set in…

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If you’re at all interested in economics, supply and demand, or market behaviours, the past 9 months will likely have intrigued you. It was almost like the boomer effect, only this time it would be more aptly named the “pandemic effect”—a storm of supply shortages, making it hard to find a wide variety of things, ranging from toilet paper to RV’s.

Many who were lucky enough to make the transition to working from home in March were buying up all the computers and laptops, while others were hoping to find a new gaming system to use while they were stuck at home with nothing to do. There were so many home renovation projects happening this spring that the price of lumber was the highest it’s been, ever. And the warmer weather created a wave of people…

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Whether you’re planning on buying a home or selling your property, staying up to date on your local real estate market is essential in any housing transaction. And I’m not just talking about watching for other new listings and recent sales in the neighbourhood. While those are important market indicators to watch, more pertinent data that can give you a clearer picture of current trends can actually be found in market statistics released in reports every month.

Reading these statistics, however, can feel a bit like reading an astrophysics equation if you’re not sure what they mean. It may seem like a jumble of words and numbers that you know are supposed to make sense...but they don’t. Luckily, you don’t need to understand them all. And the few…

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