Saskatoon Real Estate Market Update: December 20th

Last week in the Saskatoon real estate market we  witnessed a seasonal slow down as Christmas is just around the corner. Just 41 sales were reported on the Saskatoon MLS system last week which is 14 less than the week previous and equal to the number of sales last year. Expect this slow down to last into the new year as the market typically resurges and sales start to climb over the 50 mark a few weeks after the holidays. In comparison to sales numbers, the amount of listings last week was unusually high as 53 new single family and condominium listings were posted on the local MLS, which is 9 fewer than last week. However in comparison to last year for the same period there is a considerable increase in listings as only 33 were posted. In total there are 967 listings (527 single family homes and 382 condominiums) in Saskatoon which is more than 200 greater than last year for the same period. We can expect the number of listings to continue to decline into the New Year as there are many up for expiry after the new year. Last week the average price in Saskatoon was roughly $322,000 due to the high amount of activity in the high end of the market. Last week’s average price in Saskatoon was around the $270,000 mark so this is a considerable increase. From the Olsgard & Frederick Team to you, have an excellent Christmas! If you have any questions be sure to give us a call Matt @381-3982, Tyler @ 260-5129.

The Matthew Olsgard Team

The Matthew Olsgard Team

CENTURY 21 Fusion
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