After two consecutive weeks under the century mark for firm sales in the Saskatoon real estate market, figures rebounded in a big way as last week there were 105 firm sales (64 single family, 36 condominiums) in Saskatoon, which is ten more than the same week period in 2012. Last week the average price was $367,007 which is high due to activity in the higher end of the market. The current 4 week average price in Saskatoon is $359,590. Last week the average selling price under asking was quite a bit lower than average at $8745, while the average days on market was 37.
Currently there are 1352 listings in the Saskatoon real estate market, which is 119 more than inventory levels during the same period in 2012. Last week a healthy 169 listings (114 single family, 42 condominiums) were posted to the local MLS, while the previous week there were 181 listings posted.
Currently inventory levels are high and sales continue to remain at high levels. Expect the market to remain active over the short term! If you have any questions about the market or if you’re thinking about buying or selling, contact us at firstname.lastname@example.org.