As the spring market hits full stride, Saskatoon's May 2025 real estate data reflects ongoing strength despite supply challenges.
According to the Saskatchewan REALTORS® Association, Saskatoon posted 544 residential sales, slightly down (5%) from May 2024 but 19.2% above the 10-year average, showing continued strong demand.
New listings surged to 903, a 13% year-over-year increase. While this helped restock the market, conditions remain tight with 881 active listings, resulting in just 1.62 months of supply. Nearly 300 of those listings were conditionally sold, further emphasizing the competitive climate.
The standout figure? Saskatoon hit a record-high benchmark price of $433,700, up 9.2% from May 2024 and climbing month-over-month from April’s $422,700. Buyers are acting quickly, and homes are selling at over 102% of list price, on average, in just 25 days.
Whether you're thinking of selling or buying, these numbers highlight why working with a knowledgeable REALTOR® is more important than ever.
FAQs
What was the benchmark price in Saskatoon in May 2025?
The benchmark price in May 2025 reached $433,700, marking a 9.2% year-over-year increase.
How many homes sold in Saskatoon in May 2025?
There were 544 residential sales, a 5% decrease from last year but nearly 20% above the 10-year average.
Is inventory improving in Saskatoon?
Inventory increased slightly with 903 new listings, but supply remains tight at only 1.62 months.
Are homes selling above asking price?
Yes, the average sale-to-list price ratio in May was 102.6%, indicating strong buyer competition.
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