The number of listings in Saskatoon increased in April which is typical of the spring market. In Saskatoon the market saw a 20% increase in the number of sales in April compared to April of 2011, a 15% increase in the number of listings year over year helped to keep the market balanced. The sales to listing ratio is a good indicator of the balance between buyers and sellers. A current ratio of 56% indicates that slightly more than one out of two houses listed are selling.
Year to date sales in Saskatoon price range between $200,000 and $300,000 was down 3% compared to last year while sales in the $300,000 to $500,000 price range were up 34%. There is still strong activity over $300,000 with a good supply of product however the selection is tighter and more competative in the $250,000 to the $300,000 range.
In April the average price of a home in Saskatoon was $341,486.00 while the median price was $335,000.00. The average sale price is determined by dividing the total dollar volume of sales by the total number of units sold across the Saskatoon market while the Median price is determined using the mid-point of all sales listed.
For further information, please contact Marla Janzen CENTURY 21 Fusion, Saskatoon at 306-341-3699 or firstname.lastname@example.org.