Last week in the Saskatoon real estate market, the sales numbers remained status quo as 85 sales were reported to the local MLS. The previous week had the exact same sales total. Over the past month, we are averaging 90 sales per week which is extremely productive for this time of year, as last year we were averaging just 84 per week. Last week the average price was $346,320, which is slightly higher than the 4 week average of $344,682. In 2012 the 4 week average for the same time period was just $324,681, which is nearly a 6% increase in price. Ultimately the sales numbers are strong and prices are up from a year ago.
Currently there are 1429 active listings in Saskatoon (903 single family, 421 condominiums). Listing numbers are usually dwindling down to 1200 or 1100 during this time of year, however inventory levels remain very high especially in the single family home market. This has caused a bit of a buyers’ market in some single family price ranges. Generally the condominium market is the same as last year. Last week there were a whopping 191 new listings posted to the market (136 single family, 47 condominiums), which is 50 more listings than there were in 2012.
Now is a great time to buy! If you have any questions please contact us by email.