August brought a 13 per cent year-over-year increase in sales for Saskatoon real estate agents in both unit and dollar volume terms.
The rise in dollar volume from July to August hit a new record at 38 per cent with sales of just over $210 billion, beating the previous August record of $180 billion set in 2013.
Saskatoon Association of Realtors reports active listings at 1,956 which is above the 5-year average (1,634) but total inventory for the year-to-date is 4 per cent below that of the same period of 2015. The recent over-supply should start to ease due to a lower rate of housing starts.
The median price of a home in Saskatoon is currently $335,000.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: