City wide, the average home price continued its upward trend with a 5% increase to $348,000. According to Yochim, "The average price takes an average of all sales and is not an accurate reflection of what is happening in specific markets within the city of Saskatoon. The Home Price Index (HPI) is a more accurate indicator of indexed price changes within an area, specific neighborhood or type of property." The west side of Saskatoon which includes neighborhoods such as Caswell, Mount Royal, Pleasant Hill and Riversdale, saw the greatest percentage change at 6.38%. The neighborhoods which saw the smallest change in value were those west of the Circle Drive freeway at 3.34%. "With the HPI, our members are able to provide their clients with accurate data specific to their style of home and neighborhood which indicates how the market is trending for those properties."
The number of days required for a home to sell on average was 40 in Saskatoon. This represents a significant change compared to May where a home would sell in 27 days on average. The neighborhoods east of circle drive took the longest to sell on average at 48 days.
Overall the outlook remains strong for Saskatoon with a balanced real estate market. Saskatoon's modest but steady increase in values and activity insulates it from the dramatic price corrections experienced by some major Canadian cities