Latest MLS Stats-November

The November Real Estate Market in Saskatoon was up dramatically from 2008 where only 180 houses for sale in Saskatoon sold. This year we saw a 41% increase with 254 houses in Saskatoon selling.

The average home price in Saskatoon is near to the same as 2008 with the average house price in Saskatoon being $278885 for 2009. Homes prices across Canada are expected to increase in 2010.

Currently, the average time to sell a house in Saskatoon is 43 days and has remained almost constant at that for the past 6 months.

By the end of November, home buyers in Saskatoon had 877 homes to choose from with 288 of those being condos for sale in Saskatoon.

Listing inventory in Saskatoon is down 16% with only 356 new house listings in Saskatoon in 2009 while in 2008 we had 425 new units placed on the market.

We are in less of a ‘buyer’s market’ than we were in 2008 as homes are selling at the same rate as being listed which keeps it a competitive market out there. The market is balanced and stable at this time which still means a good time to sell your house in Saskatoon or to buy a house for sale in Saskatoon and area. It is best to use a Saskatoon realtor (r) to help you buy and/or sell as we know the current market data as well as all of the laws associated with buying and selling and make sure that you, the client, are fairly represented.

If you are looking for a qualified Saskatoon real estate agent contact me for more information or to set up a meeting to discuss the market and your needs and wants.

Kari Calder
Residential Sales Specialist
Century 21 Conexus Realty Ltd.
Saskatoon, Saskatchewan

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