Sales numbers are slowly improving as the Saskatoon real estate market saw a considerable slow down during the Holiday Season. Last week there were 44 total sales (30 single family, 12 condominiums), which eclipsed the first week of January sales numbers by 24. In 2012 during the same week period there were also 44 sales in Saskatoon, so we’re right on par. Last week the average sale price was $8393 under asking price with an average of 60 DOM. Right now sellers are willing to take less than usual as the pool of prospected buyers isn’t as high as peak season and the houses that are sitting on the market longer than usual (roughly 40 DOM is the average).
Currently there are 924 active listings (550 single family, 286 condominiums) in Saskatoon and these numbers are right on par with listing inventory during the same period in 2012. Last week there was a healthy 103 new listings (63 single family, 33 condominiums) posted to the Saskatoon MLS, whereas in 2012 there were 133 total new listings. Ultimately inventory is slowly replenishing itself and should ramp up in the weeks/months to come.
For any questions about the Saskatoon market or if you’re buying/selling, contact us at email@example.com