Jason Yochim, CEO of the Saskatoon Region Association of Realtors says that the choice of homes makes the market a dream for buyers but he warns: “Waiting to buy at the bottom of the market can be a risky strategy.” he cautions. “Buy the home because it is what you want, where you want it and fits your budget. When the time comes to sell it may have fluctuated in value several times on paper.”
Homes have been selling for 97 per cent of asking price in around 53 days and Yochim says that sellers are pricing their home realistically for the market.
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As we prepare for the spring buying season realtors in Saskatoon say that buyers shouldn’t hold out on snapping up a home. February sales figures saw a 1 per cent dip from a year earlier and average prices were down 6 per cent year-over-year to $341,459.