As shown by this chart, the market over the last 3 years has been quite a ride. We saw prices rise dramatically from 2007 through 2008. The average price rose to about $310,000. then drop back down to just above the early prices of 2008. This led people to feel that they waited too long to sell. You had to be just lucky as a seller to hit the market at the very highest. If you look at the long term, the price was still above 2007 at the end of 2008, even though it was quite a bit higher in July of 2008. In 2009 we have moved back up to the higher range of 2008. We are above the average price of 2008. We have to be careful how we view these averages. These are the average sale prices. This may not be very relevant to your price range. the higher price ranges have not followed this pattern to the same extent.
I will publish comments on the higher price ranges next week. Please check back later next week for information on the $400,000. plus price ranges
Our Saskatoon market continues to correct, as our inventory declines toward the end of the year. I expect the lower inventories will cause the market under $350,000 to begin to rise again, or at least stabilize. It will take longer for the higher end market to see any rise in prices. 
Unit sales were up 31% this December at 211 homes, compared to 161 sales in December of 2008. The year began quite soft in terms of unit sales. This has been more than offset by the increase in unit sales in the middle part of the year. The year ended with a net increase in unit sales of 9% overall. This however does not accurately reflect the higher priced properties. There has been declines in the higher priced properties unit sales for 2009. As the lower and mid range properties stablize, I expect we will see this move into the higher price ranges as well. 