New listings continued to flow on to the market in strong numbers. Local REALTORS® brought 214 properties to the MLS®, down by 48 compared to last week, for a year-over-year increase of 58 Saskatoon homes when compared against the same period last year.
The inventory of active MLS® listings available to buyers crossed the 1900 mark for the first time ever as business would done on Friday. Today we’re sitting at 1901, up 32 units from the previous week’s close for a 510 until year-over-year expansion of the database. The number of available detached houses closed to week at 1062 up from 847 a year ago. The number of available condos is at 641, up from 434 at the close of the same week last year.
Just a slightly greater level of upper end sales pushed the weekly median price up nearly six thousand to $348,250 even as the average sale price for the week slipped lower to $346,000. The longer terms measures took some gains. The six-week average grew by about $2,600 from last week to reach $346,621 for an annual decrease of four thousand dollars. Meanwhile, the four-week median price took it’s third consecutive increase as it reached $337,000 to find itself down by 4K from a year ago.
Eight lucky sellers found themselves dealing with a buyer willing to pay more than their asking price with an average bonus of $9,013. On the other side of the negotiating table 87 buyers made a below list offer and closed the deal with an average discount of $9,418. The remaining nine deals closed at the seller’s asking price.
Other notable real estate activity this past week included 82 cancelled and withdrawn listings (75 and seven respectively), 17 expired listings and 91 price changes.
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