Sales, new listings, average Saskatoon home prices all rise in July 2012: SRAR

Sales, new listings, average Saskatoon home prices all rise in July 2012: SRAR

The Saskatoon Region Association of Realtors® (SRAR) released the MLS® residential real estate statistics for July of 2012 today. Unfortunately, the official stats were not accompanied by a media release as they usually are. I’ll post it when it arrives. Meantime, here are the numbers.

Unit sales of Saskatoon homes in July of 2012 kept pace with June’s impressive numbers and increased eight percent fromlast July to 436 to finish the month above the five-year average for July of 396 homes.

The number of new MLS® listings introduced to the Saskatoon real estate market was also up in July to 697 properties, a gain of 16 percent over the same month a year ago. The total number of active MLS® listings at the close of the month slipped just slightly from 1254 at the end of June to 1240 as July came to a close for a year-over-year decline of 12 percent.

An active sales market and decreased level of total inventory pushed the average sale price of a Saskatoon home higher to $329,537 for an annual gain of eight percent.

In the areas surrounding Saskatoon, buyers scooped up an additional 109 homes, up from 95 sold during the same month last year. Average prices in these areas saw a smaller increase of six percent from July of 2011.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email me. 

Norm Fisher

Royal LePage Vidorra

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