📢 Saskatoon Real Estate Market Update – February 2025 📢
Big news for Saskatoon’s housing market! February saw 323 homes sold—that’s a 5% jump from last year and 25% higher than the 10-year average! Demand is staying strong, but tight supply is keeping sales from climbing even higher.
🏡 Low Inventory, High Demand
New listings took a dip, with only 381 homes hitting the market—that’s 12% fewer than last year and a whopping 30% below the 10-year norm. By the end of February, there were just 581 active listings, and 156 were already conditionally sold. That means we’re heading into March with less than two months’ worth of supply—one of the lowest inventory levels ever for this time of year!
💰 Prices Keep Climbing
Saskatoon’s benchmark home price edged up to $405,400, rising from $403,400 in January and up nearly 6% from February 2024. With inventory this low, prices are holding firm, making it a great time to sell.
📣 Thinking of buying or selling this spring? Let’s chat about what these market trends mean for you! 📩
#SaskatoonRealEstate #MarketUpdate #HomesForSale