New listings also moved higher, but by substantially more than sales as they soared to 187. That was a gain of 31 from last week, and just seven more homes than were listed during the same period a year ago.
The number of active listings on the Saskatoon multiple listing service® forged higher and grew by 23 to 1575 for a lofty annual increase of 365 homes. Single family homes listings stood at 854 by week’s end for a year-over-year increase of 139 homes. Condo inventory moved to 541 up from 404 a year ago.
With fewer upper end sales in the mix the median sale price of a Saskatoon home tumbled to just $304,000 a level I can’t recall seeing in the past year. The weekly average price moved in the same direction settling at $341,898. The six-week average price hit it’s lowest level in five weeks as it slid to $353,483 to end the week lower than it was at the close of the same week last year by around eighty bucks. Meanwhile, the four-week median price slipped $7500 from last week to end the week at $330,000 for an annual decline of eighteen thousand dollars.
Three Saskatoon real estate sales closed at the seller’s asking price this week, while another seven brought a little more with a selling price that delivered an average bonus of $11,664 to the seller. The other 58 buyers ground themselves a deal that resulted in an average discount of $9,781.
Other notable real estate activity this past week included 37 cancelled and withdrawn listings (32 and five respectively), 61 expired listings and 48 price changes.
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Norm Fisher
Royal LePage Vidorra