The May 2014 Saskatoon real estate market improved slightly from 2013 where 425 houses for sale in Saskatoon sold. This year we saw the market increase it’s sales with 493 houses in Saskatoon selling for the month of May.
The average home price in Saskatoon didn’t see significant changes with the average house price at $356,843 for 2014. This is up 0.5% from last year’s $355,106 in May.
Currently, the average time to sell a house in Saskatoon has decreased from 49 to just 36 days.
By the end of May, homebuyers in Saskatoon had 1,530 homes to choose from with 485 of those being condos for sale in Saskatoon.
Listing inventory in Saskatoon has increased with 945 new house listings in Saskatoon in 2014 while in 2013 we saw 897 new units placed on the market, signifying an increase of 5.4%.
If you are looking for a qualified and experienced Saskatoon real estate agent, contact me for more information or to set up a meeting to discuss the current market and all your real estate needs.
Saskatoon Real Estate Agent
Century 21 Fusion