Saskatoon Real Estate Market Update: Oct 4-8

We hope you had an excellent Thanksgiving break! Sales in the Saskatoon real estate market slowed last week as 61 units were reported as sold in the area, which is 14 less than last week’s number. However this number was right on par with the number of sales last year. However the major difference between this year and last year continues to be the high number of listings. Listing inventory is beginning to go down, however it is still much higher than usual at 1266 (770 single family, 427 condominiums), whereas last year we were at 1040 total listings. This weeks average selling price indicates that there is more activity in the lower end of the market than recent history as the average price dips below $300,000 at $295,488. For more information on the Saskatoon MLS market or if your thinking about buying/selling contact Matthew Olsgard @ 381-3982 or Tyler Frederick @ 260-5129. Have an excellent week everyone!

The Matthew Olsgard Team

The Matthew Olsgard Team

CENTURY 21 Fusion
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