THE SASKATOON REAL ESTATE MARKET IS HEATING UP!
IS NOW A GOOD TIME TO SELL?
Sales are up 42% from the week before and new listings were down 1.5%. Agents and buyers are telling me that good properties are moving quickly. One agent I spoke with told me a few of his listings were priced at the "top of the range" and sold for list price. One of my buyers wanted to view a house that had been on the market for 3 days, when I called to book a showing I was told there was a conditional offer PLUS a back up offer!
What is causing this rise in sales? There were a group of buyers looking to buy in March and April, then the world hit the pause button and we all stayed in our homes! Now that we are starting to open up the economy we have all the buyers from March and April plus the new buyers from May out looking at houses. We have less new listings this year compared to last year. Why less new listings? March and April are obvious as everyone was concerned about Covid and I would speculate that some of that uneasiness has carried over into May.
Is now a good time to list your house? Definitely! Should you list your house now? That depends on your situation and how comfortable you are with people going through your house. There are procedures to minimize your exposure while selling during this "New Normal".
If you would like to find out what your home is worth and what procedures I am currently using to sell homes, select the request information button below. We can schedule a quick 10-15 minute Zoom meeting to find out if now is a good time for you to sell your property!
Here are some links to helpful information