Last week in the Saskatoon real estate market there were 112 firm sales (74 single family, 36 condos) which is very impressive. Since Easter, Saskatoon has had an average of over 100 sales per week, showing some consistency. The average sales price for the past week was $323,928 which is on average $6430 under asking price, with an average days on market of 27. These numbers are very consistent with what we’ve seen lately and ahead of last year’s pace when there were 91 sales recorded.
While sales were brisk, listing activity also followed the same path as there were 189 properties (129 single family and 51 condominiums) listed last week, which is 38 more than the week previous. Currently there are 1176 listings active in Saskatoon (691 single family and 397 condominiums), which is a modest increase from the previous week when there were 1149 listings (676 single family, 384 condominiums). The total active listings when comparing year over year is still quite low as there were roughly 1300 listings on the market during the same period in 2011.
We are certainly seeing the Saskatoon on the seasonal upswing as expected, and numbers are improving in terms of sales and listings on a week to week basis. We should expect this pace to continue over the short term.
If you have any questions about the Saskatoon real estate market or if you’re thinking about buying or selling contact us at email@example.com.