Saskatoon real estate market review: May 14th - 20th

The Saskatoon MLS has been extremely active of late, as sales and listings have been brisk over the past month or so. There were 111 sales (81 single family, 25 condominiums) that took place in the Saskatoon real estate market last week, which is 1 less sale than the week previous. The average sale price was up roughly $20,000 this past week because of activity in the higher end of the market and closed at $343,546. The average days on market was 27, which is the same as the previous week and the average sale price under asking was $5055.

After months of inventory drought in Saskatoon, numbers are beginning to climb as we are currently at 1242 active listings (742 single family, 411 condos), whereas two weeks ago there were 1176 listings (691 single family, 399 condos). In 2011 there were 138 more listings in Saskatoon during the same week period. There were 167 new listings (113 single family, 42 condominiums) posted on the Saskatoon MLS, which is 22 less than two weeks ago. Listing activity is picking up which is good news for all the buyers in Saskatoon who have a lack of selection in today’s market.

If you have any questions about the current Saskatoon real estate market or if you’re thinking about buying or selling, contact us at thematthewolsgardteam@century21.ca.

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The Matthew Olsgard Team

The Matthew Olsgard Team

REALTORĀ®
CENTURY 21 Fusion
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