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Saskatoon home buyers found little relief from pressured prices this past week(3月12-17). While the percentage of homes which sold at or above their list price declined from 70% to 61%, the average overbid in instances where homes sold over list price increased to $14,155 from $12,144 the week before.
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3 d4 c: u2 ^' t+ pArea 4 had the lowest percentage of over list sellers with 60% of homes selling at a bit of a discount. The average overbid dropped from $9,100 to just $5,917.
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0 y+ d0 a+ ^, m- b1 H Area 5, where housing inventories remain tightest, showed an average overbid of $18,767, a big increase from $13,975 the week before. Here are the numbers.
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7 K' U1 @. l h, b1 b, E6 h& a! AOne doesn’t have to look far to see frustrated home buyers and exhausted agents. I can’t help but think this market is taking its toll. A number of buyers wondered out loud if they should just give up as their continued efforts to get into the Saskatoon housing market continued to deliver no results.
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I am also ready for a little relief but there seems to be no end in sight. There are 236 active MLS® listings of condos and houses on the market today, which I believe is a record low. Anyone who is actively looking right now knows that the majority of those have conditional offers on them.# g1 F9 A) p2 N
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( Norm Fisher)
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