The Saskatchewan Realtors® Association has just published their Residential Market update for May 2020 and they are reporting that:
SASKATCHEWAN REAL ESTATE MARKETS REBOUNDING AS PROVINCE RE-OPENS: strong recovery expected
Across the province, year-over-year sales were down nearly 14% from May of last year (nearly 13% year-to-date), new listings were down almost 20% (both year-over-year and year-to-date), and the median sale price was down 5.7% (down 2.2% year-to-date). Despite this negative performance, and considering a pandemic that has led to a global recession, Saskatchewan’s real estate market is performing quite well and will likely get better as the province continues to re-open.
Check out this document we’ve uploaded for you to see the full release. Details on May statistics from each local region across the province can also be found in this market update.
