Saskatoon real estate agents report strong August

August brought a 13 per cent year-over-year increase in sales for Saskatoon real estate agents in both unit and dollar volume terms.

The rise in dollar volume from July to August hit a new record at 38 per cent with sales of just over $210 billion, beating the previous August record of $180 billion set in 2013.

Saskatoon Association of Realtors reports active listings at 1,956 which is above the 5-year average (1,634) but total inventory for the year-to-date is 4 per cent below that of the same period of 2015. The recent over-supply should start to ease due to a lower rate of housing starts.

The median price of a home in Saskatoon is currently $335,000.

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