The Saskatoon real estate market closed out December 2025 with continued strength, reinforcing Saskatchewan’s reputation as one of the most resilient housing markets in Canada. Despite seasonal slowdowns, demand remained elevated while inventory stayed historically low, creating ongoing upward pressure on prices.
Strong Year-End Sales Performance
Saskatoon recorded 270 residential sales in December, marking a 6 percent increase year-over-year and coming in nearly 24 percent above the 10-year average. For the full year, Saskatoon achieved 5,113 total sales, making 2025 the second-strongest year on record, up nearly two percent from 2024 and over 22 percent above long-term norms.
Inventory Remains Exceptionally Tight
Saskatoon continues to be the tightest market in Saskatchewan, with just 2.11 months of supply. Inventory levels finished the year approximately 50 percent below the 10-year average, leaving buyers facing limited options and increased competition.
Of the 569 total listings at year-end, 130 were already conditionally sold, meaning only 439 active units carried into January 2026. This lack of supply continues to favor sellers across most price ranges.
Prices Hold Firm Despite Seasonal Dip
The total residential benchmark price in Saskatoon reached $417,700 in December, down slightly from November’s peak but still 6.4 percent higher year-over-year. This reflects sustained price growth throughout 2025 despite interest-rate sensitivity and affordability challenges.
Detached homes, townhomes, and apartments all maintained stable pricing, supported by limited inventory and consistent buyer demand across property types.
What This Means for Buyers and Sellers
For sellers, low inventory and steady demand continue to create favourable conditions, particularly for well-priced and well-presented homes. For buyers, preparation is key. Competitive pricing, quick decision-making, and strong financing are essential in today’s tight market.
As we head into 2026, Saskatoon’s market fundamentals remain strong, with population growth, employment stability, and affordability relative to larger Canadian cities continuing to support long-term confidence in Saskatchewan real estate.
FAQs
Is Saskatoon still a seller’s market?
Yes. With just over two months of supply and inventory well below historical averages, Saskatoon remains firmly in seller’s market conditions.
Did home prices increase in Saskatoon in 2025?
Yes. The Saskatoon benchmark price increased more than six percent year-over-year, reflecting strong demand and limited inventory.
How many homes sold in Saskatoon in 2025?
Saskatoon recorded 5,113 residential sales in 2025, making it the second-strongest year on record.
What should buyers expect in early 2026?
Buyers should expect continued competition, especially for well-priced homes. Being pre-approved and ready to act remains critical.
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