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Real estate market continues upwards climb

The construction industry is facing a persistent downturn province-wide.

Real estate markets, including in Prince Albert, are continuing to improve, the Saskatchewan Realtors Association (SRA) said Thursday.

The association sent out their monthly home sales data report, which showed more houses selling for more money after spending less time on the market.

The latest data showed the sales volume in the city up 51.5 per cent compared to last May, rising from $8.2 million to $12.5 million. The sales volume in the greater Prince Albert region rose by even more.

Year-to-date sales are up 100 per cent in the city, and 115 per cent in the region.

The data also shows a 17 per cent decrease in the average time homes stay on the market. At this time last year, most homes were on the market for 90 days. Now, that’s down to 75. The five-year average is 78.

At the same time, the HPI (Home Price Index) benchmark, which measures the average price of a single-family…

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