Not surprisingly, strong sales activity carried on through last week in the Saskatoon real estate market as Saskatoon there were 107 firm home sales reported to the local MLS (70 single family, 31 condominiums). Of those 107 sales, the average price was $334,322, while the average days on market was 34 and the average selling price under asking was $7290. In 2012 during the same week period there were just 91 total sales, with an average price of $331,270, while the average days on market was just 28. We have seen average home sale prices jump in Saskatoon from last year, while everything else remains fairly vanilla.
Currently inventory levels in Saskatoon are very good as there are 1369 active listings (797 single family, 474 condominiums) on the Saskatoon MLS. To put things into perspective, there are 132 more listings right now than there were at the same time period last year. Last week there were 189 listings (120 single family, 57 condominiums) posted to the market.
Overall, the amount of sales, listing inventory and average prices are up from last year. If you have any questions about the current market, or if you’re buying or selling, contact us at firstname.lastname@example.org