Monthly Stats for May

Posted 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.

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