The local real estate market is looking to be the most balanced that we have seen over the last year and a half.  Recent statistics from the Saskatoon Region Association of Realtors show that Saskatoon MLS sales are down 9% from last year (although up 43% from 2006 figures) and MLS listings are up 49% from year ago figures.  The slight drop off in sales, coupled with the increase in housing selection has certainly transitioned the market into a more balanced position.  The average residential sale price in Saskatoon for May was $301,527, up 29% from 2007.  The year to date average sale price is $285,523. 

Saskatoon still remains an affordable place live compared to other large centers like Edmonton (26% higher average sale price) and Calgary (55% higher average).

The average sale price in communities around Saskatoon was $232,711, up 42% from May 2007.  MLS sales in these communities are down 6% from year ago figures (but up 67% from 2006 figures).

Confidence in the real estate market seems strong, as all indicators point to the Saskatoon and Saskatchewan economies outpacing the rest of Canada for some time.  The long term trend and future for Saskatoon look strong.  Saskatoon has a bright future!