Home prices have continued to fall in Saskatoon with the average selling price down 4% to $332,700 in the year to September 2018.

The decline since 2016 has been around $20,000 but most of that – around $15,000 – has been over the past year.

Saskatoon Region Association of Realtors’ data shows that the benchmark HPI for a single-family home was $312,200 in September, the highest it has been this year and virtually unchanged from August.

The Benchmark price for a typical townhouse style property was $219,700 last month, the lowest point since April 2007 ($205,300). For apartment style properties, the Benchmark $176,200 was the first increase since December 2007 ($190,600).

Sales were similar to a year ago with 268 through the MLS in September 2018 while year-to-date sales were down 5% year-over-year to 2,679.

Active listings in Saskatoon continued to shrink with year-over-year decline of 7%. At the end of September there were 1,944 active listings compared to 2,082 a year ago.

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: