by Cam Bird
on Thursday, February 21st, 2019 at 8:28pm.
There was a total of 555 new listings hit the market in January 2019 which is down 9.9% compared to last January & has been the lowest since the past 6 years. Sales have gone down 1.5% for a total of 199 firm transactions for Saskatoon. There was an average of 63.6 days on the market for January, which previously was 68.1 days for 2018. Year-to-year average sale price is down 12% in January at $302,412 - the average price in 2018 $344,720 & $341,260 in 2017. The Saskatoon region was down 6% for total MLS dollar volume of $84Million.
"New Listings to the market are not always houses being introduced for the first time to the market. Often New listings are homes that did not sell in the initial listing attempt and are relisted, often at a revised price." says Jason Yochim, CEO of the Saskatoon Region Association of Realtors® (SRAR)