Buy and Sell Saskatoon Real Estate

If you’ve been thinking about buying or selling a home in Saskatoon, you might be wondering if the market has finally slowed down.

Spoiler alert… not really.

Over the past couple of weeks, the Saskatoon real estate market has continued to surprise people. Every time someone tells me, “I’m just going to wait until prices come down,” another house sells in multiple offers. It’s almost becoming a full-time hobby.

The latest numbers show Saskatoon’s benchmark home price has climbed to around $444,400, the highest it’s ever been. Sales are still running well above average, new listings are down compared to last year, and there are fewer homes available than buyers would probably like. In other words, if your dream home pops up, it probably won’t be sitting around waiting for you to “sleep on it.”

Thinking of Buying?

Preparation is your superpower.

Get pre-approved, know what you’re looking for, and be ready to move when the right house comes along. The buyers who hesitate are often the same ones calling me two days later asking, “Any chance it’s still available?” (The answer is usually… no.)

That doesn’t mean every home is selling for a ridiculous amount over asking. Good strategy still beats panic buying every time.

Thinking of Selling?

This is still one of the strongest Saskatoon real estate markets we’ve seen in years.

Low inventory means buyers don’t have endless options, which is great news if your home is priced properly. Notice I said priced properly. Just because your neighbour’s cousin’s friend’s house sold for a fortune doesn’t mean buyers will happily pay an extra $75,000 because your garage is “really organized.”

Presentation, pricing, and marketing still matter.

So… Should You Wait?

Maybe.

Maybe not.

The right answer depends more on your life than trying to predict what interest rates or prices will do next. I’ve seen people wait two years for the “perfect market,” only to realize they could have already been enjoying their new backyard, kitchen, or garage by now.

Sometimes the best time to move is simply when it makes sense for your family.

Final Thoughts

Whether you’re buying your first home, upgrading, downsizing, investing, or just wondering what your place might be worth, the Saskatoon housing market is still moving.

If you have questions, want a free home evaluation, or you’re simply curious whether now is the right time to make a move, I’d be happy to help.

And no… I promise I won’t tell you your home is worth a million dollars just to get the listing. My crystal ball broke years ago.

Kevin Leuschen
Coldwell Banker Signature

This is probably one of the most common questions I get from homeowners who are thinking about making a move:

"Kevin, should we buy first or sell first?"

The truth is, there's no right answer for everyone. It really comes down to your finances, your comfort level with risk, and how competitive the market is when you're making your move.

Buying First

A lot of people like the idea of buying first because it takes away the stress of wondering where you're going to live next.

You can take your time, find the right home, and make an offer when the right one comes along. You're not scrambling to find something after your current home has already sold.

The downside is that you may end up owning two homes for a period of time. Depending on your financial situation, that could mean carrying two mortgages or needing bridge financing while everything gets sorted out.

That said, if you're moving into a price range or neighbourhood where good homes don't come up very often, buying first can sometimes be the better option.

Selling First

Selling first is usually the safer financial choice.

Once your home is sold, you know exactly how much money you're working with and there's no worry about carrying two properties longer than expected.

The trade-off is that the pressure shifts to finding your next home. If the market is moving quickly, you may feel like the clock is ticking once your sold sign goes up.

One strategy I often see work well is negotiating a longer possession date. That can give you extra time to find the right place without feeling rushed.

What I'm Seeing Right Now

In Saskatoon, homes that are priced properly and show well are still attracting strong interest in many areas of the city.

At the same time, inventory is very low, especially in some of the more popular price ranges. That's why many homeowners are starting the planning process earlier than they used to.

Before making a move, it's a good idea to understand what your current home is worth, what your buying power looks like, and what options are available to you. Once you have those answers, the buy-first versus sell-first decision becomes much easier.

My Take

If your biggest concern is finding the perfect next home, buying first can make sense if your finances allow it.

If your biggest concern is reducing risk and knowing exactly where you stand financially, selling first is usually the better route.

Either way, having a plan before you jump in is what makes the biggest difference.

If you're thinking about moving and aren't sure which option is right for you, feel free to reach out. I'm always happy to have a conversation, run some numbers, and help you figure out the best game plan for your situation.

Saskatoon’s housing market continues to face significant supply pressures as demand remains strong and available inventory struggles to keep pace.

The city recorded 519 residential home sales in May, down four per cent compared to May 2025 but more than 10 per cent above the 10-year average for the month.

While inventory levels have improved across Saskatchewan in recent months, Saskatoon continues to report some of the tightest market conditions in the province. At the end of May, the city had 837 units in inventory, but more than 250 properties were conditionally sold, leaving only 560 active listings available heading into June.

As a result, Saskatoon entered June with just 1.6 months of supply, or 1.1 months when conditional sales are excluded, highlighting the ongoing imbalance between supply and demand.

“Our economy is growing, our population is growing, and people continue to choose Saskatchewan as a place to live and build their future,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. “The challenge is that housing supply is not growing at the same pace.

“We’re adding listings, but demand continues to absorb them almost as quickly as they come online. That’s why we’re seeing a third consecutive month of record benchmark prices and why housing availability is becoming one of the most important conversations for Saskatchewan’s future.”

The tight market conditions continue to put upward pressure on home prices. Saskatoon’s residential benchmark price reached a new record of $444,400 in May, surpassing April’s record of $433,200 and exceeding the previous high of $435,200.

Despite modest improvements in inventory, ongoing supply shortages continue to shape market conditions and affordability in Saskatoon.

“The conversation today isn’t simply about home prices,” said Guérette. “When supply remains this far below historical levels month after month, the impacts extend well beyond the housing market. Housing availability affects labour mobility, economic growth and our province’s ability to attract and retain people.

“If Saskatchewan wants to continue growing, we need to make sure there are enough homes for that growth to occur.”

With sales remaining above long-term averages and inventory levels still exceptionally tight, Saskatoon’s housing market continues to underscore the need for additional housing supply to support the city’s growth and future economic development.