Things have remained very consistent over the last few weeks in the Saskatoon real estate market, which is a definite positive. Sales numbers and new listing figures for this time period are impressive. Last week there were 85 sales in Saskatoon, which is just shy of the 4 week average of 87 per week and just 6 shy of last week’s 91 sales. The weekly average price hasn’t fluctuated much lately as last week it was $340,125, which is about $2,200 more than the current 4 week average price and nearly identical to the 4 week average in 2012. Ultimately prices and average sale prices remain consistent. Currently homes are selling in roughly 40 days on market and $6,889 under asking price.
Currently there are 1375 listings (850 single family homes, 415 condominiums) in Saskatoon which is nearly identical to last week. However the greatest difference is the listing inventory from now to the same period last year when there were almost 180 less listings. Listing inventory has been higher than usual of late and if you’ve been reading regularly you would have seen the pattern over the whole summer. Last week there were 179 new listings posted which is just 9 less than the total from 2 weeks ago.
If you have any questions about the current market or a thinking about buying/selling, contact us at firstname.lastname@example.org.