Saskatoon Real Estate Market Sets New Price Record in March 2025 Amid Low Supply
The Saskatoon real estate market came in strong this March 2025, showing signs of tight inventory and rising demand. With 403 residential sales recorded, activity surged 11% compared to March 2024 and sits 13% above the 10-year average.
Despite stronger sales, new listings were slightly down—just 1% lower year-over-year and 27% below the 10-year average. That drop in new inventory has pushed supply down to just 1.49 months, the lowest level seen entering April since 2007. Of the 602 units available at month’s end, 195 were already conditionally sold, leaving buyers with a razor-thin selection of active listings.
As demand continues to outpace supply, prices have climbed accordingly. Saskatoon hit a record benchmark price of $415,900, a $10,500 jump from February 2025 and more than $25,000 above the benchmark this time last year—representing a 6.4% year-over-year increase.
Notable Stats at a Glance:
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Benchmark Price: $415,900 (↑ 6.4% YoY)
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Sales: 403 homes sold (↑ 11% YoY)
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New Listings: 535 (↓ 1% YoY)
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Inventory: 602 active listings (↓ 25% YoY)
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Months of Supply: 1.49 (tightest since 2007)
The low inventory continues to create a competitive environment for buyers, especially first-timers and those searching under the $400K price range. With sellers seeing multiple-offer situations and prices rising steadily, it's a great time to list if you've been on the fence.
If you’re considering buying or selling in Saskatoon, I’m here to help guide you through this fast-moving market.
Posted by Kent Braaten on
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