“2017 is not likely to see a significant change in market conditions, however being properly informed on what those market conditions are and how to properly price is where one of our Realtor members is invaluable,” commented Jason Yochim, CEO, Saskatoon Region Association of Realtors.
The region saw a 7 per cent year-over-year decline in sales in 2016 with 3,679 transactions. New listings were down 5 per cent.
Average selling price was down just 1 per cent to just over $350,000. Prices were supported by a larger number of high-end sales. The composite benchmark was down 1.6 per cent at $299,700.
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Real estate agents in Saskatoon will need all their skills in accurately pricing properties to support the market this year, the head of the region’s Realtors’ association says.