Last week in Saskatoon there were 103 firm sales recorded (65 single family, 30 condominiums) on the local MLS, surpassing the previous weeks total by 8 and 7 less than the same week period in 2012. Last week’s average price was $357,559, which is roughly $8000 higher than the 4 week average. The average days on market last week was 34 and the average selling price under asking was $6747, both of which are average for this time of year.
Last week listing activity in Saskatoon was very active as 177 new (120 single family, 41 condominiums) were posted to the local MLS, which is 33 more than the same week period in 2012. Currently there are 1230 active listngs (745 single family, 388 condominiums) in Saskatoon which is 67 more than the same period in 2012. Expect listing inventory to increase over the short term as we should start seeing nearly 200 new listings each week very soon.
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