Saskatoon Real Estate Market Review Feb 8th

Despite the momentum gaining within the Saskatoon real estate market, last week the sales numbers in Saskatoon slightly declined compared to two weeks earlier. Last week 51 single family and condominium sales were posted on the local MLS which is 5 fewer than the week previous and 9 fewer than the same period last year. This is actually the second week in a row where sales numbers were lower than the numbers from last year. It’s hard to tell whether the inconsistent weather is haulting the market and if the new mortgage changes coming into effect at the end of March will act as a catalyst for more sales until then. In terms of new listings, there were 126 posted on the local MLS last week which is up 23 from the week previous and 25 higher than the same period last year. At this point the total listings are still under the 1000 mark as 972 (537 single family and 435 condominiums) are currently posted on the Saskatoon MLS. This number is considerably higher than the number of listings last year where just over 700 were posted on the local MLS. The weekly average price bounced way up last week to $322,241 due to activity in the higher end of the market. For any real estate advice contact Matthew at 381-3982 or Tyler at 260-5129. Stay warm and have an excellent week!

The Matthew Olsgard Team

The Matthew Olsgard Team

REALTORĀ®
CENTURY 21 Fusion
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