The Saskatchewan Realtors’ Association says the real estate market continues to be strong and outperform last year’s market due to strong consumer confidence. Across the province, sales were up 74.5% from last February and the median sale price was up 2.6%, from $265 thousand to $272 thousand. Median sales prices were up in 13 of the 19 markets, with Estevan and Weyburn seeing the greatest gains and Moose Jaw and Yorkton seeing the greatest declines.

Falling inventory levels and a continued drop in new listings is making it harder for buyers to find homes, but the Association says higher prices may help to encourage sellers. To help maintain consumer confidence, the Association says it continues to require REALTORS® across the province to follow the government’s current COVID recommendations.

In Saskatoon, sales were up 53 per cent in February compared to the same month a year ago. Sales were nearly 43 per cent above the five year average and about 43 per cent above the ten year average. The Association says the numbers show we are in a sellers’ market. Homes in the city stayed on the market an average of 43 days in February which was down from the 72 days recorded a year ago. In Saskatoon, the MLS Home Price Index was up about 10 per cent, from $299,800 to $330,100.