by Kent Braaten
on Wednesday, June 6th, 2018 at 11:34am.
There was a decrease in the amount of homes put on the market this May compared to last May, 9% decrease in fact, which contributes to a total of 13% decrease year to date. A total of 943 properties were listed this past month. We are still above the 5 year average of 1945 with a total listings inventory of 2001. Total homes sales of 364 homes which is down 13% over last May. Year to date 1,345 residential MLS sales. The listing to Sale ratio in May was 39%.
The average sale price year to date in Saskatoon is $334,449 which is down 4% from last year. Not all parts of the market are down. The under $200,000 home price range has had a 30% increase in total sales. the $750,000 to 1 million price range is on track similar to last year. The homes in the 450-500 thousand price range have been the hardest hit with a 17% decrease in total number of sales.