Strong real estate market continues
Record real estate numbers in Northwest Saskatchewan over the past few months continued in March and the industry expects this to continue further into 2021.
The latest report from the Saskatchewan Realtors Association (SRA) showed a 71.9 per cent year-to-date increase in homes sold and a 41 per cent increase in new listings. SRA Economic Analyst Chris Gbekorbu said they’ve never seen a March like this before.
“We typically don’t see this level of sales until at least May,” he said. “And until June of last year, we hadn’t seen this level of sales since May of 2014.”
Most markets have had upward pressure on prices, due to strong demand and a shrinking number of homes for sale. North Battleford had a slight decrease in sales, but they were still up 28 per cent on the five-year average and year-to-date sales rose more than 50 per cent. Meadow Lake saw incredible results, with a 150 per cent increase in sales and 125 per cent in year-to-date sales.