Currently there are 1171 active listings in Saskatoon (697 single family, 379 condominiums), which is right on par with inventory levels for the same week period in 2012. Last week there were a healthy 165 new listings posted to the market, while there were 180 posted in 2012. One should expect to see inventory levels continue to climb over the next few weeks as we will start to see many more listings popping up.
The market is very active right now as there were 109 total sales (73 single family, 29 condominiums) in Saskatoon last week. In comparison to the same week period in 2012, there were a near identical 107 firm sales reported to the local MLS. To put these figures into perspective, historically any week eclipsing the century mark is rather impressive. Last week the average price inched higher to $336,899 as demand increases throughout the local market. The average days on market was 36, while the average purchase price under asking was $5505. In 2012 during the 3rd week in April, the average purchase price was slightly higher at $341,841. I wouldn’t read too much into weekly average stats as more activity at the lower or higher end of the market can signicicantly skew figures.
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