Saskatoon real estate July 1 market stats

Summer time where the living is easy and the saskatoon real estate market goes on autopilot the stats this month show at minimum, we're leveling out or worse, a slowdown for five months in a row. Now we've seen an increase to new listings month, over month, over month adding more inventory to the market.

And in fact, from the month of may to june, we've seen a 10% increase of new listings. But interestingly enough sales were down 1%. So you can see that more listings coming onto the market and sales are slowing. Here's an interesting stat, expired listings are up 30%. That's a listing that's been on the market and has failed to sell.

That's a pretty red flag. If you ask me, 30% is a big increase and expired listings. So what does this mean if you're a seller or a buyer, well, if you're going to sell a home that expired listing stat should give you some pause. You need to adjust your perspective and realize that we need to price your home off of where the market is going, not where the market has been because it's changing.

But there's still some really great strategies out there right now to get your home sold fast. If you're a buyer now is a perfect time to get into the market for a couple of reasons, interest rates are still predicted to go up. So you want to get in and lock in that rate as low as you can.

And as you can see, sales have slowed inventories return to the market, meaning you as a buyer now have some opportunity to negotiate deeper discounts on those houses where you might not have in the spring, here's an interesting tidbit prices are up 15% from where they were pre pandemic.

If you have any questions or concerns about the market, if there's anything else in this world that I can do to serve you, please reach out to me, because, as always, I'm just happy to help.


Saskatoon Real Estate Market Stats | March 2022

The Saskatoon real estate market for March 1, 2022 has. a little fake news to dispel. The national housing market it often quoted in the media. But Saskatoons market is nothing like the national average. The Saskatoon real estate market is definitely brisk, strong, healthy and robust all while being manageable for both buyers and seller.

1. Prices nationally are up like 28% and the average house costs more than $800,000. Here in Saskatoon prices are up about 6-7% and the average house price is around $350,000.

2. Buyer demand. Buyer demand is high but we are not in a bubble. Prices are stable and buyers still have selection of good houses to choose from.

If you have any questions for me i'm always happy to help.


Saskatoon Real Estate January Market Stats

Happy new year, the holidays are over and I think we're all finally starting to figure out what day it is as we settle back into our normal routines. So let's kick off the first market minute of 2022 light and short. My name is scott ziegler. I'm a local realtor here in saskatoon and surrounding area.

I study the market stats and share them with you so that you don't have to, we're going to look at three indicators today as we forecast for the year, 2022 number one is low inventory or actually historically low inventory. So we know that's going to change as we head into spring with more houses coming on the market.

So if you're looking to sell the home in 2022 and you want to partner with a great agent that can walk you through that process, let's have that conversation so that you're set up to succeed as more product, more inventory comes on the market and there's less demand for your house. Number two is buyer demand.

Now, buyer demand is still strong, probably above average buyer demand for this time of year as we get headed in towards spring, there's going to be more active buyers in the market. So if you're thinking about buying a house in 2022 again, you want a great agent to guide you through that process.

Now would be the time to start thinking about preapprovals getting your ducks in a row because buyer demand is strong and will probably get even stronger as we head into the spring market and number three is interest rates. If the bank of canada goes ahead with the four interest rate hikes that they propose for this year, that's not good for buyers or for sellers.

Now, it remains to be seen if they do go ahead with it. But for now, interest rates are incredibly low. That's what's fueling the buyer demand and that's what's putting upward pressure on home prices. So if interest rates do climb throughout 2022 that will put some downward pressure on home prices that will tamper some of that buyer demand.

So again, if you're thinking about selling or buying, you might want to do something before those interest rates start to creep up. If you have any questions or concerns about the market or how I can help navigate you through that market, happy to have that conversation with you. And in fact, if there's anything in this world that I can do to serve you just reach out to me because as always, I'm just happy to help.

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