For the first time this year, active MLS® listings of condominiums and single-family homes within the city of Saskatoon broke the 300 mark. Since late December, we’ve been hovering between 236 and 292 active listings. At the close of business today there are 312 listings showing an active status. An “active” listing is one that has not yet been reported as having a firm offer in place, so properties that have not attracted offers as well as those which have been “conditionally sold” are counted among them.
Is this a big deal? Most buyers and sellers aren’t likely to feel much of a change when they’re out there doing business. You can continue to expect to find competitive bidding on homes that are priced realistically. However, it is encouraging to know that active listings are now about thirty percent higher than they were at the lowest point. Over the past two weeks, there have been more new listings than there were homes sold. I wouldn’t expect to see prices come down anytime soon but as we make our way towards 400 Saskatoon homes for sale, and hopefully we’ll continue to move in this direction, we might expect to see the pace of increases slow.
I’m always happy to answer your Saskatoon real estate questions.
Royal LePage Vidorra