Last week the Saskatoon real estate market saw the most active single week for sales activity in the past five years. In total 126 firm sales (77 single family, 44 condominiums) were reported to the local MLS, with an average price of $359,095 and an average days on market of 38. Two weeks ago there were 107 total sales with an average price of $334,332. In 2012 during the same week period there were 115 total sales, with an average price of $340,728 and an average days on market of 29.
Last week there were 169 new listings posted to the Saskatoon MLS (118 single family, 43 condominiums), which is one more listing than was posted to the week previous. We are seeing listing inventory taper off as sales are really taking off at the moment. Currently there are 1331 active listings (791 single family, 457 condominiums) in Saskatoon which is roughly on par with 2012 figures.
If you have any questions about the market, or if you’re interested in buying or selling, contact us at firstname.lastname@example.org