Buy and Sell Saskatoon Real Estate

The Saskatoon real estate market has been pretty wild the last couple weeks, and honestly, it feels like spring hit early this year.

The big thing right now is pressure building in a few different ways. It’s not just home prices, it’s everything around it. Insurance, borrowing costs, just the overall cost of owning a home. Buyers are definitely noticing it. Especially first-time buyers, they’re being a lot more careful with their decisions instead of just jumping on anything.

That said, demand hasn’t gone anywhere. If anything, I’ve been busier than ever. March was a really strong month for me - sold several homes and spent a ton of time out with buyers. A lot of those buyers are actually referrals from past clients, which says a lot about how active things still are. People are still making moves, they’re just being a bit smarter about it.

Inventory is still tight too, and that’s a big part of the story. There just aren’t enough good listings coming up to match the number of buyers out there. So when something solid hits the market, it’s getting attention right away. You’re seeing quicker sales and pretty competitive situations, especially in that mid-range price point.

New builds are helping a bit, but not enough to really change things. There’s definitely construction happening around the city, but it’s not like there’s a flood of new homes hitting the market. Demand is still ahead of supply in most areas people actually want to be in.

There’s also been talk about the city trying to improve housing supply long term, which is great, but that’s more of a future fix. It’s not going to change what we’re seeing right now heading into spring.

From what I’m seeing day to day, it still leans toward a seller’s market if the home is priced right and shows well. Buyers are active, they’re just more calculated. They’re thinking things through a bit more, but they’re still out there and still writing offers.

The next few weeks will be interesting. Usually more listings start to come up this time of year, so we’ll see if that gives buyers a bit of breathing room. But if inventory stays low, it’s going to stay competitive.

Overall, Saskatoon’s market feels strong. Not crazy, not out of control, just steady, busy, and a lot of opportunity on both sides if you play it right.

Buying a home is exciting. But right after the offer gets accepted, reality hits - inspections matter more than almost anything else in the deal.

This is where things either stay smooth… or get messy fast.

What a home inspection actually does

A home inspection isn’t about finding a “perfect house.” That doesn’t exist.

It’s about:

• Understanding what you’re really buying

• Catching issues early

• Giving you leverage if something’s off

Think of it like this - you’re not just buying a house, you’re buying everything that comes with it… good and bad.

The big things inspectors look for

Not every scratch or nail matters. These do:

Structure

• Foundation cracks

• Shifting or uneven floors

Roof

• Age and condition

• Missing or damaged shingles

Mechanical

• Furnace age and size

• Water heater condition

Electrical

• Outdated panels

• Improper or unsafe connections

Plumbing

• Leaks, pressure issues

• Old materials like poly B

What happens when issues come up?

Almost every inspection finds something. The key is how you handle it.

You’ve got options:

• Ask the seller to fix it

• Ask for a price reduction

• Accept it and move forward

• Walk away

The goal isn’t to “win” - it’s to make sure the deal still makes sense for you.

Where deals fall apart

It’s usually not the problem itself. It’s:

• Surprises buyers weren’t prepared for

• Overreactions to minor issues

• Poor advice or no strategy

I’ve seen deals saved over furnace issues… and deals die over loose outlets.

Pro tip (this matters more than people think)

Don’t wait for the inspection to start learning about the house.

Before you even write an offer:

• Look at age of roof, furnace, windows

• Ask about past repairs and upgrades

• Check the big-ticket items

It changes how you write the offer in the first place.

The bottom line

A home inspection isn’t there to scare you. It’s there to protect you.

The right approach:

• Stay calm

• Focus on the important stuff

• Have a plan

Because at the end of the day, the best deals aren’t the ones with zero issues…
they’re the ones where you know exactly what you’re getting into.

If you’re thinking about buying and want to walk through what to expect before you even get to the inspection stage, let’s chat

The Bank of Canada made its announcement today and decided to hold interest rates steady.

No hike. No cut.

Pretty neutral headline… but here’s the thing:

Saskatoon’s market doesn’t feel neutral right now at all.

What the rate hold actually means

The Bank is basically in wait-and-see mode.

• Inflation is improving

• The economy is slowing a bit

• But they’re not ready to cut yet

So rates stay where they are… for now.

Meanwhile in Saskatoon

While rates are holding, Saskatoon’s housing market is doing its own thing.

• Well-priced homes are moving fast

• Multiple offers are still happening

• Inventory is tight in a lot of price ranges

Especially in that $350K - $600K range, things are competitive.

So even though rates haven’t dropped yet…

Demand hasn’t gone anywhere.

What this means for buyers

This is the part most people are trying to figure out.

You’re probably thinking:

“Do I wait for rates to drop?”

Here’s the reality right now:

• Rates are stable (which helps with planning)

• But prices are holding strong or creeping up

• And competition is still there

So waiting might get you a better rate later…

But you could be competing with more buyers when that happens.

What this means for sellers

This is a pretty solid window.

• Buyers are active

• There’s still urgency in the market

• And you don’t have the uncertainty of rising rates scaring people off

If your home shows well and is priced right…

You’re still in a strong position.

The bigger picture

We’ve shifted out of the “rates are climbing every month” phase.

Now we’re in a more stable environment, and that’s huge.

Because when things stabilize:

• Buyers regain confidence

• Sellers feel more comfortable listing

• Deals actually start coming together again

Where this is likely going

Most people expect rate cuts eventually… just not overnight.

And when that happens?

More buyers jump in

Competition increases

Prices can get pushed up even more

That’s why this current moment is kind of interesting.

It’s not the cheapest rates…

But it’s also not peak chaos either.

The takeaway (Saskatoon version)

Rates held today.

But locally?

The market is still moving.

If you’re waiting for everything to line up perfectly - low rates, low prices, no competition - that moment usually doesn’t show up.

It’s more about timing your move based on your situation.

If you’re trying to figure out your next step

Whether you’re buying, selling, or just watching things…

We can map it out properly.

No pressure, no sales pitch - just what actually makes sense for you in this market.

Shoot me a message anytime

If you’ve been wondering what’s going on with the Saskatoon real estate market lately, here’s the quick rundown.

The market is still tight.

In February, Saskatoon had 271 home sales, which is about 16% lower than last year and just a little below the 10-year average. But that doesn’t necessarily mean the market is slowing down. What’s really happening is that there just aren’t a lot of homes available for buyers to choose from.

That supply issue has been the big story for a while now.

Inventory Is Still Very Low

At the end of February, Saskatoon had 614 homes showing as available, but here’s the important detail.

164 of those were already conditionally sold, meaning they’re basically spoken for and will likely be leaving the market soon.

So when you take those out, there were really only about 450 active homes available across the entire city heading into March.

For a city the size of Saskatoon, that’s not much inventory at all.

And when supply stays tight like this, it tends to keep pressure on prices.

Prices Continue to Climb

The benchmark price in Saskatoon reached $421,600 in February.

That’s:

• up from $417,800 in January

• about 5% higher than February last year

So prices are still moving upward, but not in a crazy spike. It’s more of a steady climb driven mostly by the lack of homes available.

What This Means for Buyers

If you’re a buyer right now, the biggest challenge isn’t necessarily price.

It’s finding the right home before someone else does.

Good properties are still attracting strong interest, especially if they’re priced well and in desirable neighbourhoods.

That doesn’t mean every house sells instantly, but the good ones definitely don’t sit long.

What This Means for Sellers

For sellers, the tight inventory is good news.

With fewer homes competing for attention, well-presented properties are still seeing strong activity. Pricing strategy still matters, but the lack of supply is helping keep things moving.

Heading Into the Spring Market

Spring is usually when we see a wave of new listings hit the market.

The big question this year will be whether enough homes come up for sale to give buyers more options.

If listings stay low, we’ll likely keep seeing the same pattern:

• steady demand

• limited inventory

• gradual price growth

And honestly, that’s pretty much been the story of the Saskatoon market for the past couple years.

If you’re thinking about buying or selling this spring and want to talk through the market, feel free to reach out anytime. I’m always happy to chat about what’s happening out there.

-Kevin Leuschen

If you’ve bought or sold a home with me, you’ve probably had this moment:

“Why do you need my ID?”
“Why are you asking where my deposit is coming from?”

Totally fair questions.

The reason is simple. It’s federal law.

In Canada, real estate professionals are regulated by Financial Transactions and Reports Analysis Centre of Canada, better known as FINTRAC. Their job is to prevent money laundering and terrorist financing, and real estate is considered a higher risk industry because large amounts of money move through it.

So we are legally required to identify our clients and understand where funds are coming from.

Not optional. Not a brokerage policy. Federal regulation.

Why We Verify ID

When I ask for government photo ID, I’m required to:

• Confirm you are who you say you are

• Determine whether anyone is acting on your behalf

• Complete a risk assessment on the transaction

This protects the integrity of the deal and the broader real estate market. It also protects you from fraud and identity misuse.

Why We Ask About Source of Funds

If you’re providing a deposit or purchasing a property, I’m required to take reasonable measures to understand where the money is coming from.

Common examples are:

• Employment savings

• Sale of another property

• Investments

• Inheritance

• A family gift

It’s not about being intrusive. It’s about ensuring the funds are legitimate and that the transaction makes sense based on what we know about you as a client.

What Clients Should Know

These requirements apply to every REALTOR in Canada. FINTRAC audits brokerages and issues real penalties for non compliance.

So when I ask for ID or ask about your deposit, it’s not paperwork for the sake of paperwork. It’s part of doing things properly and protecting everyone involved.

If you ever have questions about it, just ask. I’d rather explain it clearly than have it feel confusing or uncomfortable.

If you’ve been watching the Saskatoon real estate market lately, you’ve probably felt it too - things are busy. And not just “spring busy.” It’s that steady, underlying momentum that’s been building for a while now. I read a couple of local updates this week and then went out to show homes in Stonebridge and Brighton, and honestly, what I saw lined up almost exactly with what the numbers are saying.

Inventory is still tight. That’s the headline. We’re not swimming in listings. In fact, in certain price ranges, especially that $350,000 to $550,000 sweet spot, it feels like the minute something clean and well-priced hits the MLS, it’s booked solid within 24 hours. I showed a home backing green space in the northeast last week, and before we even finished the showing, there were two more groups waiting outside. That’s not hype. That’s just what’s happening on the ground.

I’ve also noticed that buyers are getting more decisive. Last year there was a bit more hesitation. People would think about it for a week. Now? If the home shows well, has decent mechanical updates, and the layout makes sense, they’re writing offers quickly. I’ve seen multiple offers pop up again in neighborhoods like Evergreen, Rosewood, and even parts of Hampton Village. It’s not every property, but the good ones are absolutely moving.

What’s interesting though is that this isn’t panic buying. It feels more measured. Interest rates are still a factor, obviously. Every buyer I sit down with wants to run numbers carefully. They’re asking about monthly payments, stress tests, renewal risk. But they’re also realistic. Saskatoon is still affordable compared to so many other Canadian cities. When I read national headlines about price drops in Toronto or Vancouver, it doesn’t always translate here. Our market tends to move differently. Slower, steadier, less dramatic.

I’ve also been seeing continued migration into Saskatchewan. You talk to people at open houses and they’re coming from Alberta, Ontario, even BC. Some are relocating for work. Some are just looking for more house for their money. When someone from out of province sees what $500,000 buys here compared to other provinces, it changes their perspective fast.

On the seller side, pricing strategy matters more than ever. The days of just “trying a number and seeing what happens” aren’t smart. I’ve had conversations recently where I’ve recommended pricing slightly under what a seller hoped, and it ended up driving competition and pushing the final price up. When inventory is tight but buyers are payment-sensitive, you have to hit that sweet spot. Too high and you sit. Priced right and you’re negotiating from a position of strength.

I’m also seeing strong activity in move-up homes. Families who bought in 2018 or 2019 with lower rates have built equity and are now looking for more space. Finished basements, home offices, backing parks, triple garages - those features are carrying serious weight right now. Anything that feels “complete” and turnkey is winning.

One thing I’ve learned working in this market day in and day out is that headlines only tell part of the story. You can read stats all day, but when you’re physically walking through houses, talking to buyers, writing offers at 11:30 pm, that’s when you really understand what’s happening. Right now the tone feels confident. Not crazy. Not crashing. Just active.

If you’re thinking about buying or selling in Saskatoon this year, the biggest mistake is sitting on the sidelines waiting for some dramatic shift. This market rewards preparation. Buyers who are pre-approved and ready move faster. Sellers who prep properly and price strategically get results.

And from what I’m seeing every single week, Saskatoon is holding strong.

Saskatchewan’s housing market stepped into 2026 with continued strength, stability, and affordability—standing apart from the slower conditions reported in several of Canada’s largest urban centres. While January reflected typical seasonal activity, sales remained above long-term averages and inventory levels stayed well below historical norms, reinforcing the province’s persistently tight market environment.

The province recorded 712 home sales in January, marking 31 consecutive months of above-average activity. Inventory levels remained nearly 50 per cent below the 10-year average, highlighting ongoing demand that continues to exceed available supply across much of Saskatchewan. Of the 3,508 active listings at month’s end, nearly 700 were conditionally sold, leaving 2,855 properties available as the market moved into February.

Across the country, headlines continue to focus on corrections and slowdowns in major centres such as Toronto and Vancouver. Saskatchewan’s outlook, however, remains notably different. Market conditions are tight, yet the province’s relative affordability continues to be one of its strongest advantages entering 2026.

New listings declined four per cent year-over-year and sat 27 per cent below historical averages for January. Although typical seasonal trends provided modest month-over-month relief in inventory, overall supply remained largely unchanged from January 2025 and still nearly 50 per cent below the 10-year norm. With a significant portion of active listings already conditionally sold, available supply remains limited heading into the early months of the year.

Saskatchewan’s residential benchmark price reached $359,500 in January, up slightly from $359,000 in December and nearly six per cent higher than the $340,400 recorded in January 2025. Price growth across all Saskatchewan communities reflects the continued balance between affordability and sustained demand—contrasting with the more volatile price movements seen in several larger Canadian markets.

Looking ahead, the province continues to offer a combination that is becoming increasingly uncommon nationwide: steady demand, constrained supply, and comparatively attainable home prices. While market conditions will evolve as the year progresses, these fundamentals point toward a positive outlook for Saskatchewan in 2026.

Regional Highlights

All six of Saskatchewan’s economic regions reported year-over-year sales declines in January. Despite this, the Saskatoon-Biggar and Swift Current-Moose Jaw regions posted sales levels above their respective 10-year historical averages.

Supply shortages remain a consistent theme across the province. Inventory in the Prince Albert, Saskatoon-Biggar, Swift Current-Moose Jaw, and Yorkton-Melville regions sat near 50 per cent below long-term averages, underscoring the widespread nature of Saskatchewan’s tight housing conditions.

Price Trends

Market momentum carried forward into 2026, as above-average sales and ongoing supply constraints continued to support price growth province-wide. Every Saskatchewan community recorded year-over-year benchmark price increases in January, with four centres posting double-digit gains.

Melville once again led monthly price growth, with benchmark values rising 15 per cent year-over-year. Other notable increases were seen in Yorkton (13 per cent), Humboldt (11 per cent), and Swift Current (11 per cent).

City of Saskatoon

Saskatoon reported 237 home sales in January, representing a six per cent decline compared to the same time last year. Even with this decrease, sales activity remained seven per cent above the city’s 10-year average for the month.

Lower new listing volumes combined with continued above-average demand resulted in some of the tightest market conditions in the province. Of the 635 units available at month’s end, 187 were already conditionally sold and expected to exit the market, leaving 448 active listings heading into February.

Saskatoon’s residential benchmark price reached $417,800 in January—slightly higher than December’s $417,700 and four per cent above the level recorded in January 2025.

If you’re ready to make your next move, let’s chat about your goals and find the right strategy for today’s market.

Saskatchewan’s housing market wrapped up 2025 with one of the strongest performances in its history, recording the second-highest annual home sales total on record. Strong activity in December capped a year defined by sustained demand, tight supply, and continued confidence across the province.

A total of 792 homes sold in December, representing a nearly three percent increase year-over-year and well above the 10-year average for the month. That momentum helped propel Saskatchewan to 16,222 home sales in 2025, up one percent from 16,119 sales in 2024—marking the second-strongest sales year ever recorded in the province.

While new listings saw modest increases at various points throughout the year, near-record demand continued to pressure supply. Inventory reached record-low levels during 2025, and that trend persisted into year-end. In December, new listings declined by four percent year-over-year and remained well below historical norms.

“Closing out 2025 with the second-highest sales year on record is a remarkable achievement for Saskatchewan’s housing market,” said Association CEO Chris Guérette. “This marks our 30th consecutive month of above-average sales—a level of sustained performance that’s rare and speaks to the strength of demand across the province.”

Seasonal trends allowed months of supply across the province to rise above four months in December. Even so, inventory levels were down 12 percent compared to December 2024 and finished the year nearly 50 percent below the 10-year average. Of the 3,410 units available at year-end, 540 were conditionally sold and expected to leave the market, leaving just 2,870 active listings heading into the new year.

The province’s residential benchmark price stood at $359,000 in December, down slightly from $360,500 in November, consistent with typical seasonal patterns. Despite the modest month-over-month dip, prices were still seven percent higher than December 2024, when the benchmark sat at $337,800.

“Saskatchewan’s housing market demonstrated remarkable strength and resilience in 2025, supported by population growth, employment gains, and a more favourable interest rate environment,” Guérette added. “Looking ahead to 2026, the most pressing challenge remains inventory. Demand is still there—the key question is whether supply can keep pace.”

Regional Highlights

The Prince Albert, Saskatoon-Biggar, Swift Current-Moose Jaw, and Yorkton-Melville regions all reported sales that exceeded 2024 levels. While year-over-year gains were modest, annual sales across these regions significantly outperformed long-term historical trends.

As seen throughout much of 2025, Saskatoon-Biggar (2.9 months of supply) remains among the tightest markets in the province. Despite seasonal improvements in December, supply levels in the region are still more than 50 percent below the 10-year average.

Price Trends

Strong demand combined with low inventory continued to drive price growth across Saskatchewan. In December, all but one community reported year-over-year price increases to close out the year.

The City of Melville once again posted the strongest benchmark price growth, with prices up nearly 16 percent year-over-year. Other notable increases included Yorkton (14.3 percent), Swift Current (11.9 percent), Humboldt (10.6 percent), and Moose Jaw (8.1 percent).

City of Saskatoon

Saskatoon recorded 270 home sales in December, a six percent increase year-over-year and nearly 24 percent above the 10-year average. With 5,113 sales in 2025, the city posted its second-strongest year on record, up nearly two percent from 2024 and 22 percent above the long-term average.

Saskatoon remained the tightest market in the province, with just over two months of supply and inventory levels 50 percent below the 10-year average. Of the 569 units available at year-end, 130 were conditionally sold and expected to exit the market, leaving 439 active listings heading into January.

The city’s benchmark price was $417,700 in December, down slightly from $421,000 in November but more than six percent higher than December 2024, when prices averaged $395,300.

If you’re ready to make your next move, let’s chat about your goals and find the right strategy for today’s market.

December 3, 2025

Saskatchewan’s housing market continued its strong performance in November, marking the 29th consecutive month of above-average sales. With 15,430 sales year-to-date, the province remains on track to surpass 2024’s impressive activity.

A total of 1,073 sales were reported in November—down 9% compared to November 2024. Despite the year-over-year dip, monthly sales still landed 12% above the 10-year average, highlighting consistent and resilient demand across the province.

“November’s statistics reinforce what we have been seeing all year,” said Association CEO Chris Guérette. “Strong demand and resilient activity continue to outperform expectations. We are on pace to exceed last year’s near-record sales with significantly less inventory, which speaks to the strength of Saskatchewan’s market and buyer confidence in this province.”

Saskatchewan saw 1,376 new listings in November—slightly above last year but still well below historical norms. Inventory remains tight, sitting 45% under the 10-year average. Of the 4,165 active listings, 708 are conditionally sold, leaving 3,457 active units heading into December.

The provincial benchmark price reached $360,500 in November—down slightly from October’s $362,700. The soft month-to-month change reflects normal seasonal trends, while prices remain 7% higher year-over-year.

Guérette added: “Buyers continue to show confidence in the market despite tight conditions, and strong permit and start activity is encouraging. But short-term policy proposals that restrict supply won’t solve affordability. Band-aid measures like rent control don’t add homes—they reduce access to them. Saskatchewan’s momentum depends on coordinated, supply-focused policy heading into 2026.”

Regional Highlights

Every economic region in Saskatchewan reported year-over-year sales declines in November, ranging from a 4% drop in the Saskatoon-Biggar region to a 40% decrease in Yorkton-Melville. Still, most regions remain ahead of their long-term averages and are positioned to surpass 2024 totals.

Inventory shortages are consistent across the province, ranging from 33% to 71% below the 10-year average, with the Saskatoon-Biggar region continuing to report the tightest supply conditions.

Price Trends

Home prices continued to climb in November, with every region posting year-over-year benchmark gains for the seventh consecutive month.

The City of Melville led the province with a 20% annual increase, followed by strong price growth in several centres:

• Estevan: +16%

• Swift Current: +15%

• Yorkton: +15%

• Humboldt: +13%

• Weyburn: +13%

• Meadow Lake: +11%

The steady price appreciation reflects a market where demand continues to exceed supply, particularly in affordable segments.

City of Saskatoon

Saskatoon posted 372 sales in November, down 2% year-over-year but still 25% above the 10-year average for the month.

While the city recorded another month of rising new listings, high sales activity prevented meaningful inventory relief. Supply levels remain over 40% below historic norms.

Of the 808 active properties at the end of November, 217 were conditionally sold, leaving 591 listings moving into December.

Saskatoon’s benchmark price reached $421,000, up from $420,300 in October and over 6% higher than November 2024.

If you’re ready to make your next move, let’s chat about your goals and find the right strategy for today’s market.

November 5, 2025

Saskatchewan’s housing market continued its strong run in October, posting 1,433 sales across the province — the second-highest October on record. While activity eased slightly compared to the all-time record set last year, resale activity continues to outpace long-term trends and remains well above what the market typically sees at this time of year.

The month also brought a welcome increase in new listings, with 1,922 properties added to the market, up 11% from October 2024. Even with more homes coming to market, near-record sales kept inventory extremely low. At the end of October, Saskatchewan’s housing supply sat nearly 50% below the 10-year average.

Of the 4,483 active listings, 828 were conditionally sold and expected to leave the market, leaving 3,655 available properties heading into November.

“October marked the 28th consecutive month of above-average sales,” said Saskatchewan REALTORS® Association CEO, Chris Guérette.
“Year-to-date activity is more than 20% above the 10-year average, keeping us on track to surpass 2024’s results — our second-strongest year on record.”

Saskatchewan’s benchmark price reached $362,700, down slightly from September. The modest month-to-month decline aligns with normal seasonal patterns, while prices remain almost 6% higher year-over-year.

“Despite tight supply and broader global uncertainty, Saskatchewan’s housing market continues to show remarkable resilience,” Guérette added. “What we’re seeing right now really speaks to the confidence people have in this market — and in our province as a whole.”

Regional Highlights

The Saskatoon-Biggar region was the only area to record a year-over-year sales increase in October, which is not unexpected given the province’s record-setting activity in October 2024. Still, all regions except the Northern region reported sales well above their 10-year averages, showing continued strength across the province.

Market conditions remain tight in every region:

• Inventory levels are 44% to 65% below the 10-year average

• Saskatoon-Biggar and Regina-Moose Mountain continue to report the lowest months of supply, indicating strong demand and limited options for buyers

Price Trends

October marked the sixth consecutive month of year-over-year price growth in every Saskatchewan community.

Some markets posted exceptional gains:

• Melville: +22%

• Yorkton: +15%

• Estevan: +13%

• Swift Current: +13%

• Humboldt: +12%

• Weyburn: +10%

Rising benchmark prices across the province reflect persistent buyer demand combined with limited supply, especially in the entry-level and mid-range segments.

City of Saskatoon

Saskatoon posted a record 455 sales in October, surpassing the previous record set in 2024 and sitting 31% above the 10-year average for the month.

New listings increased 33% year-over-year, bringing some inventory relief to the city. However, buyers quickly absorbed the increase. Saskatoon is still reporting less than two months of supply, maintaining one of the tightest market environments in the province.

Key highlights:

• 891 active listings at month-end

• 229 conditionally sold, leaving 662 available heading into November

• Benchmark price: $421,100

• Down from September, but still 5% higher than October 2024

Even with a small month-to-month price adjustment, strong annual gains reinforce the continued confidence in Saskatoon’s market.

If you’re ready to make your next move, let’s chat about your goals and find the right strategy for today’s market.

Saskatchewan’s housing market stayed hot through September, marking the second-strongest September on record with 1,528 homes sold across the province. That’s a 10% increase year-over-year and a remarkable 26% above the 10-year average — extending Saskatchewan’s streak to 27 consecutive months of above-average sales.

While new listings increased slightly (up 5% from last year), they remain 9% below long-term averages. Combined with near-record sales, that has pushed inventory down another 14% year-over-year and left the province sitting at more than 40% below historical levels.

Of the 4,896 active listings in September, nearly 950 were already conditionally sold, leaving just under 4,000 homes available heading into October — a clear sign of continued buyer demand and a highly competitive market.

Saskatoon Market Snapshot

Saskatoon recorded 426 home sales in September, down just 1% year-over-year but still 20% above its 10-year average.

The city saw 726 new listings, up 11% from last year, helping to add some inventory — but demand continues to keep supply tight. By the end of September, 250 of the 942 active listings were conditionally sold, leaving 678 available homes heading into October.

Saskatoon’s benchmark price settled at $431,400, a slight dip from August’s record high of $435,900. Even so, prices remain 7% higher than September 2024, showing the market’s underlying strength.

Price Trends Stay Strong

The province’s benchmark home price settled at $368,300 in September — a slight, seasonal dip from August, but still 7% higher than last year. Strong sales and limited supply continue to fuel price growth in markets large and small.

Guérette added, “Sales volumes continue to outpace 2024 levels — our second-strongest year on record — and we’re sitting 20% above the 10-year average through the first three quarters of 2025. Even as sales ease seasonally, demand remains exceptionally strong heading into year-end.”

Regina Market Snapshot

Regina had a standout month with 375 home sales in September — an 18% jump year-over-year and a massive 37% above the 10-year average, marking the strongest September on record for the city.

Even with 469 new listings (up 16% year-over-year), fast-paced sales meant no real relief in supply. Of the 780 active listings, more than 200 were conditionally sold by month’s end, leaving 577 homes available as October began.

The city’s benchmark price was $337,000 in September — slightly down from August’s $341,300, following normal seasonal patterns — but still 5% higher than this time last year.

What This Means for You

Whether you’re thinking about buying or selling, Saskatchewan’s market is still buzzing with activity and opportunity. Low inventory and steady price growth mean it’s a great time to list your home — and for buyers, being prepared and working with a local real estate expert can help you stay competitive.

If you’re ready to make your next move, let’s chat about your goals and find the right strategy for today’s market.

September in Saskatoon came in strong, and it looks like October won’t be any different—for both real estate and fun. The housing market here is still buzzing: homes are moving quickly, and inventory is tight. Buyers need to stay on their toes, and sellers still hold quite a bit of leverage. But while your clients might be browsing listings, there’s a whole city full of things going on as fall sets in.

Now that sweater weather is here, the city’s alive in a different way. Think crisp walks along the river trails, leaf-peeping in Varsity View or Nutana, and cozying up with a latte at one of our many cool cafés. But the real magic comes from seasonal events—so here’s a taste of what October has in store in Saskatoon:

• Pumpkin After Dark (October 11–31) — An evening time experience at Prairieland Park with more than 10,000 hand-carved pumpkins, light displays, music, and special effects. Great for families or anyone who loves an Instagram moment. Discover Saskatoon

• Oktoberfest (October 3 & 4) — You can catch this at Prairieland, with all the usual fest vibes: food, music, community, and fun. Prairieland - Where Communities Gather

• Halloween & Spooky Fun — The Berry Barn’s Haunted House opens around October 11. Also, local pumpkin patches like Dutch Growers’ Pumpkin Maze run until October 31 so there’s plenty of cozy fall-farmtime fun to go around. Family Fun Canada+1

• Saskatoon Blades Hockey — Catch a game at SaskTel Centre in October; they have several home games lined up against teams like the Red Deer Rebels, Vancouver Giants, Moose Jaw Warriors, and Edmonton Oil Kings. SaskTel Centre

• Concerts & Shows — October is busy at SaskTel Centre: Flo Rida performs on October 3, Sarah McLachlan is on October 25, and there are others too. SaskTel Centre

• Skate Canada International (October 31 – November 2) — Ice skating fans can look forward to this grand international event right here in Saskatoon at the SaskTel Centre. Wikipedia

• From Dusk ’til Dawn: A Carnival Affair (October 4) — Hosted by Saskatoon Farm, this event blends theatrical fashion, roaming performers, photo ops, games, and an atmospheric evening that’s a little mysterious, a little whimsical. Saskatoon Farm

So whether someone’s shopping houses or just soaking up the season, Saskatoon’s October delivers. It’s a great time to highlight not only the strength of your real estate market but also the lifestyle perks that make living here so appealing.