According to the Saskatchewan Realtors Association, the real estate market is steadily building on the momentum from January and continues to outperform the market from last March, setting a new sales record. Across the province, sales were up over 85 per cent from last March and up about 72 per cent year-to-date. The MLS Home Price Index composite was up close to 9% (up 7.3% year-to-date). Inventories were also down in 23 of the 24 markets that the SRA tracks.

Strong demand combined with a shrinking number of homes for sale has put upward pressure on prices in most markets. Sales were up about 109 per cent in Saskatoon, 113 per cent in Martensville and up 115 per cent in Warman. In Humboldt sales were up 240 per cent.

Homes in Saskatoon stayed on the market an average of 36 days in March, down from 55 days last year. Saskatoon saw the price of the benchmark composite home rise 8.2 per cent year-over-year, going from $290,500 to $314,300.