Due to the May long weekend, home sales numbers in Saskatoon dipped from 103 two weeks ago to 90 (64 single family, 21 condominiums) firm sales over the past week. The average price last week was $346,765 which is considerably below the 4 week average of $355,703. The average selling price below asking was $5,668 while the average days on market was only 26. These numbers are average of late, however it should be noted that homes are selling much more quickly as the days on market continues to shrink.
Currently there are 1256 active listings in Saskatoon (770 single family, 403 condominiums) which is 51 more than the same week period in 2012. Last week 166 new listings were posted to the local Saskatoon MLS (121 single family, 38 condominiums), which is just 7 more than were posted two weeks ago. Expect listing inventory to grow over the short term as listing numbers eclipse sales and cancellation/withdrawal numbers.
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