The trend of sales increasing over the same time period a year ago (early Fall 2011) continues as the Saskatoon housing market saw a 13% increase in the number of properties sold. The $300,000 to $350,000 price range is the most active. The year to date average selling rice was $307,415, up 4% from a year ago in September 2010 when the average selling price was $294,741.
The City of Saskatoon continues to develop new neighbourhoods to keep up with the demand for new lots. Good news in the resource sector should continue to keep optimism in the Saskatchewan economy high helping to maintain home pricing and demand.