Saskatoon's real estate market continues to 'Balance' according to the Saskatoon Association of Realtors.

June's sales figures show Residential sales for the month were up 38% when compared to June 2008.  Going from 321 properties sold to 442.

The average selling price continues its slide.  In June, the selling price is down 11% compared to the same time last year.  It now stands at $276,867.  The year to date average stands at $276,232 down 5% from 2008.

The number of homes on the market continues to dwindle as well.  There were 669 properties listed in the month of June.  Thats down 26% from June 2008 when 904 homes were on the market.

In a news release, the association's executive officer Harry Janzen describes market conditions as favorable noting low interest rates, steady employment numbers and generally strong consumer confidence.