September Housing Market:
Last month the Saskatoon Real Estate market saw a decline of current listings by around 100 units. From what we saw in August to September, the current amount of listings at the beginning of October are sitting at 2,082. Listings over the last five year period average 1,797.
When looking at time on market for listings the number has decreased. It is sitting at 55, down from the number of 60 in September which is a positive outlook. The current sold price for properties has declined 1.4% to an average of $347,043.
The market as we see it is an overall buyers market. But, many homes are still selling if they are priced right. The proper decluttering, staging, professional photography and marketing is mandatory in our current market. Those things help buyers see value. Houses are selling within 3-4% of list price on average which is a positive for the remainder of fall and we will hopefully see listings to sell and the inventory drop.
