Saskatoon Real Estate Week in Reivew August 9 to 13

Lately the Saskatoon real estate market has continued it’s unusual activity as the number of listings eclipsed the number of sales once again. In the Saskatoon real estate market we are slowly selling off the inventory which is still higher than normal and currently at 1371 properties (810 single family homes, 488 condos). This is significantly higher than the average number of listings for this time of year. For example, last year the Saskatoon market had just 1213 homes on the market. After a few lackluster weeks Saskatoon agents reported just 66 sales during the period, which is higher than last week. However the number of sales for last week is significantly lower than last year’s number of 91. The average sale price in Saskatoon dipped way down to $268,038 which is well above the weekly average as of late (around the $290,000 mark), which suggests that the most activity is occurring in the condo, semi-detached, mobile home market. Last week 8 sellers managed to get higher than asking price, however the average sale price was roughly $8,000 below asking price. For more information on the Saskatoon market or advice 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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