The housing market in Saskatchewan seems to be fighting itself a bit.
When the monthly tally of resales of local properties came out, there were a couple stark data points. First, inventory is down — really down — as owners prefer the role of owner to seller.
The market in Saskatoon, for example, has not been this tight since 2007 when were just getting into the last economic upswing.
And when inventory does show up on the market, it moves quickly with the volume of transactions running more than 10 per cent ahead of last year and even farther above the 10-year average.
Regina, for example, reported record sales in October. Yet, the benchmark price in the Queen City dropped, not something you’d expect in a highly competitive market where buyers are fighting to get their hands on something when supply is shrinking.
And there is no single trend on this. Prices in Humboldt, Meadow Lake, Melfort, Melville, Moose Jaw, Prince Albert, and Saskatoon were up in October. In Estevan, North Battleford, Regina, Swift Current, Weyburn, and Yorkton they were down.