Saskatoon reported 440 home sales in April, down nearly 16 percent year-over-year but 11 percent above the 10-year average.

Meanwhile, according to the Saskatchewan REALTORS® Association latest Market Watch report, Saskatoon continues to set new price records, with a benchmark price of $422,600 in April, up from the prior record of $415,900 in March.

The City of Regina reported 365 sales in April, down 13 percent year-over-year and the Queen City reported a record benchmark price of $335,500 in April, up from $326,300 in March.

In a news release Association CEO, Chris Guérette said, “Although sales decreased in April compared to last year, this isn’t a demand issue – it’s an inventory issue. The current inventory situation directly impacts our market’s ability to sustain even higher sales.”

At the end of April, there were 4,371 active listings across the province up slightly from March, but the SRA says despite this monthly increase, inventory was still down 18 percent year-over-year and remains nearly 50 percent below the 10-year average.

Nearly every economic region in the province reported year-over-year sales declines in April. However, the Yorkton-Melville region bucked the trend reporting sales eight percent higher year over year.