After a disappointing and bitterly cold February, things are looking up in the Saskatoon real estate market. Sales and most importantly inventory levels are up after we witnessed sales numbers dip 18% from the previous February in 2012. Last week 74 sales were recorded on the Saskatoon MLS (44 single family, 28 condominiums) with an average price of $344,117. The average days on market was 33 and the average price under asking was much closer to list than usual at $3,368. Two weeks ago when we saw 82 sales and an average price of $340,635 and these numbers suggest things are looking more promising for March.
Currently in Saskatoon there are 1056 active listings (658 single family, 316 condominiums) which is above last year’s total of 599 single family and 331 condominiums. Last week was extremely active in terms of listing activity where we witnessed 208 new listings posted onto the Saskatoon market. This is the greatest number of listings posted in a single week since June of 2012. There were 131 total new listings posted two weeks ago, which is about average.
If you have any questions about the Saskatoon market, or if your thinking about buying or selling contact us at email@example.com