Saskatoon’s real estate market is expected to remain balanced in 2020.

The Chief Executive Officer of the Saskatoon Region Association of Realtors says unit sales increased in 2019 and a declining number of listings was another positive sign for the future.

Jason Yochim says even though fewer listings brought up prices the average price decreased slightly along with dollar volume.

Yochim expects the market conditions to remain the same but hopes positive economic news bumps up buyer confidence so those thinking about buying will take the plunge.

The average home sale generates about 50-thousand dollars in spin-off economic activity in a number of areas.

Yochim points to home renovations and moving expenses as just two examples.

He says with about 10-thousand home sales in the city each year, that’s about a half-billion dollars in extra economic activity.

The average home sold in Saskatoon last month for just over 333-thousand dollars.

A balanced market means it favours neither the buyer nor seller.