Strong sales and lower inventory supply levels tighten up market conditions reversing the trend towards a more balanced market, as we were seeing in September.
Sales: 426 New Listings: 588 Inventory: 1247 Months of Supply: 2.93
October saw sales drop by 0.7% from this time last year, new listings drop by 5.5% from this time last year, and Inventory down by 10.4% from this time last year to 2.93 months of supply.
Here's a look at the October Statistics from the Saskatchewan REALTORS® Association.
Reach out if you have any questions or would like to talk about your Real Estate goals!
Have a Fantastic Day,