Saskatoon Real Estate Market Update – February 2026
The Saskatoon real estate market continues to demonstrate resilience as we move through early 2026. While the number of sales slowed compared to last year, limited housing inventory continues to keep the market competitive and prices stable.
According to the latest market report, Saskatoon recorded 271 residential sales in February 2026, representing a 16% decrease compared to February 2025 and slightly below the historical ten-year average. Despite fewer sales, demand remains steady and supply remains tight, which continues to support property values across the city.
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Home Prices Continue to Climb
The benchmark price for residential homes in Saskatoon reached $421,600 in February, increasing from $417,800 in January and rising 4.7% year-over-year. This steady increase reflects continued demand for housing and limited inventory available for buyers.
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Detached homes remain the largest share of the market, with benchmark values around $489,600, while townhomes and apartment-style properties continue to provide more affordable entry points for buyers.
Sales Activity and Listings
February saw 370 new listings, a slight decline compared to the previous year. At the end of the month, 614 residential properties were available on the market.
However, it is important to note that 164 of those listings were already conditionally sold, leaving only about 450 active properties available for buyers, highlighting the continued supply constraints across Saskatoon.
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Months of Supply Remains Low
Saskatoon reported approximately 2.27 months of supply in February. Months of supply is a key indicator of market balance:
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Under 3 months indicates a strong seller’s market
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3–6 months indicates a balanced market
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Over 6 months indicates a buyer’s market
With supply remaining well below three months, Saskatoon continues to experience one of the tightest housing markets in Saskatchewan.
What This Means for Buyers
For buyers, limited inventory means that well-priced homes continue to sell quickly. Buyers should be prepared to move quickly when the right property becomes available and ensure financing and approvals are already in place.
Working with a knowledgeable local real estate professional can help buyers identify opportunities before homes receive multiple offers.
What This Means for Sellers
For homeowners thinking about selling, current market conditions remain favorable. Low inventory and steady demand mean sellers can benefit from strong interest and competitive offers, particularly if homes are properly priced and marketed.
The key to maximizing results in today’s market is strategic pricing, strong online marketing, and professional exposure.
Looking Ahead
As we move toward the spring real estate season, market activity traditionally increases. If inventory remains limited while buyer demand rises, Saskatoon could continue to see upward pressure on home prices through 2026.
For buyers and sellers alike, staying informed about local market conditions is critical when making real estate decisions.
FAQs
What was the benchmark home price in Saskatoon in February 2026?
The benchmark price for residential homes in Saskatoon reached approximately $421,600 in February 2026, reflecting a 4.7% increase compared to the previous year.
How many homes sold in Saskatoon in February 2026?
A total of 271 residential properties sold in Saskatoon during February 2026.
Is Saskatoon currently a buyer’s or seller’s market?
Saskatoon remains a seller’s market with approximately 2.27 months of supply, indicating demand continues to exceed available inventory.
What does low housing inventory mean for buyers?
Low inventory means there are fewer homes available for sale, which can create more competition among buyers and often leads to quicker sales and stronger prices.
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