Saskatoon Real Estate Market Review - May 16, 2011

Last week in Saskatoon we witnessed an above average week in terms of sales as 84 firm were reported on the MLS. This total is just 7 less than the previous week and right on par with last year as there were 85 firm sales last year during the same period. On the other hand, listing activity slowed down considerably as there were 45 less listings in Saskatoon last week than the week previous. There were just 119 listings posted on the local MLS last week, which is also 34 less than the same period last year. In total there are currently 1340 total listings in Saksatoon (786 single family and 486 condominiums) which is slightly higher than the 2010 numbers. The weekly average price declined to $314,000 as there was more activity in the lower end of the market. The average asking price was roughly $9,500 less than asking price last week, while a lucky 9 sellers achieved close to or over their asking price. For more information or questions about the Saskatoon real estate market contact Matthew @ 381-3982 or Tyler @ 260-5129. Have an excellent week!

The Matthew Olsgard Team

The Matthew Olsgard Team

CENTURY 21 Fusion
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