Saskatoon Real Estate Market Update – July 2025
Saskatoon’s real estate market delivered a standout performance in July 2025, showcasing impressive gains across key indicators. With buyer demand holding strong and new listings entering the market, the city continues to defy national trends by setting local records.
Record-Breaking Sales Activity
July saw 610 homes sold, marking a 17% increase year-over-year and nearly 40% above the 10-year average. This surge signals continued confidence in Saskatoon’s housing sector.
Inventory Still Tight Despite More Listings
Although 784 new listings entered the market—up 11% year-over-year—overall inventory remains low. Just 895 units were available by month’s end, and with over one-third conditionally sold, only 594 active listings remain heading into August.
Prices Reach New Heights
The benchmark price hit $435,100, climbing 7% year-over-year and exceeding June’s record of $432,700. This growth highlights the city's robust demand amid ongoing inventory challenges.
Sales-to-Listing Ratio & Supply
With a sales-to-new listing ratio of 0.78 and only 1.47 months of supply, Saskatoon remains firmly in seller’s market territory. Homes are moving quickly, with a median days-on-market of just 26 days.
FAQs
What was the average benchmark price in Saskatoon for July 2025?
The benchmark price was $435,100, a 7% increase compared to July 2024.
How many homes were sold in Saskatoon in July 2025?
610 homes were sold, which is 17% higher than the same time last year and 40% above the 10-year average.
Is Saskatoon currently in a buyer’s or seller’s market?
Saskatoon remains in a strong seller’s market with only 1.47 months of inventory available.
What does the low inventory mean for buyers?
Low inventory means increased competition for homes, faster sales, and rising prices.
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