Saskatoon market is stable despite sales decline

The housing market remains stable in Saskatoon despite falling sales.

A new report from the Saskatoon Region Association of Realtors shows that in the first five months of 2015 there were 1,583 properties sold, a 15 per cent drop from a year earlier and just over 100 units below the five-year average.

May’s sales figures of 442 is roughly average and prices are steady.

SRAR says that although sales are lower they are coming off an exceptionally buoyant market in the last couple of years.

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