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