That sales count is one half of the supply equation the board uses to gauge market balance. Paired with 1.63 months of supply, a figure calculated from active listings after removing conditionally sold units, it points to demand that is keeping pace with, or slightly outrunning, what is available to buy.
Sales volume moves with the seasons in Saskatoon the way it does in most Canadian markets, typically strongest in spring and early fall and quieter over winter, so a single month's count is best read against the same month in prior years rather than against the month before it.
New listings rose 12.3 percent year-over-year over the same stretch, worth watching alongside the sales count since it affects how long current momentum can continue. Get your hand-reviewed valuation from Joel Dyck.