Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Are home prices rising or falling in Saskatoon?

Rising, according to the most recent Saskatchewan REALTORS Association release, though the more useful signal is how the pieces fit together: a benchmark of $444,700, up 2.8 percent from a year earlier, alongside a 12.3 percent jump in new listings that is starting to ease the tightest part of the squeeze.

A market can post a rising benchmark and a looser supply picture in the same month, and that combination, not a single up-or-down label, is what is actually happening in Saskatoon right now. More sellers coming to market is generally a sign that a run of increases is moderating rather than accelerating.

446 homes sold in August, 6.6 percent above the ten-year average, which tells you demand has not backed off even as new listings pick up; if it had, the extra listings would be piling up as unsold inventory instead of getting absorbed.

Whether prices are rising or falling on your specific street is a separate, more local question than the citywide figure answers. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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