As October looms upon us and September comes to a close, the Saskatoon real estate market continues to remain very active. Last week there were an impressive 85 firm sales (54 single family, 22 condominiums) reported to the Saskatoon MLS. Of those sales, the average price was $337,973 while the average home was sold in 45 days on market. Overall the month of September 2013 showed an increase of 4.2% in average price when comparing numbers to September of 2012. During September 2013 there was an average of 92 sales per week with an average price of $338,746, which is very similar to last week’s average. The average days on market last month was 39 and the average home sold for $7090 under asking price. Ultimately sales were very brisk in the month of September and the same could be said in terms of listing inventory.
Last week there were a total of 176 new listings (131 single family dwellings, 34 condominiums) posted to the market which is an extremely high number for this time of year. We have seen listings replenished at a rapid rate lately and this has boosted the overall listing inventory to over 1407 listings. Historically the Saskatoon real estate market rarely has ever seen listing inventory this high nearing October. In 2012 during the same time period there were more than 200 less listings, which certainly puts these numbers into perspective.
If you have any questions about today’s market or are thinking about buying/selling, contact us at firstname.lastname@example.org