Saskatoon Real Estate Reivew: Sept 13 to 17

On par with the last few weeks, Saskatoon agents reported 62 sales over the course of the week. This is a drop off from last year during the same period when 74 sales took place. New listings in the Saskatoon area dropped to 108 which are on par with last year’s numbers. At the moment the number of sales are down and listings are relatively high as 1362 (807 homes, 477 condominiums). The number of listings is much higher than last year when there were only 1091 listings.  As listings are sold, new ones are replenishing the inventory on the market. As I spoke about a few weeks ago, sellers believe that market conditions are still favourable as prices are still good and continue to place their homes on the market. Last week we saw more activity in the lower end of the market bringing the average selling price down to $309,798 which is over $23,000 higher than last year’s average.  For more questions on the Saskatoon real estate market please feel free to contact Matthew @ 381-3982 or Tyler @ 260-5129. Have a great week everyone!

The Matthew Olsgard Team

The Matthew Olsgard Team

CENTURY 21 Fusion
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