Saskatoon real estate market stabilized in May 2008: SRAR

In a press release issued this morning, the Saskatoon Region Association of Realtors (SRAR) says, “Saskatoon’s housing market stabilized in the month of May.”

SRAR reports that 1,015 residential properties were listed for sale, up from 706 for the same period last year. Unit sales, on the other hand, fell 37% when compared to May of 2007 when record levels of demand pushed unit sales to 580 units. “This May’s sales number is more on par with 2006 numbers,” the release goes on to say.

The average residential selling price remained strong at $301,527, down from it’s peak of $306,266 in April, but 29% higher than the number recorded in May 2007 when the average selling price of a Saskatoon home reached $233,404. Year to date, the average came in at $285,523 and the six-month rolling average came in at $275,218.

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.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Vidorra


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