Saskatoon Real Estate Market Update – January 2026

The Saskatoon real estate market started 2026 with tight inventory, steady demand, and continued price growth, reinforcing the city’s position as Saskatchewan’s most competitive housing market. January’s data shows buyers remain active despite fewer listings, while sellers continue to benefit from strong pricing fundamentals.

January 2026 Market Snapshot

• Total residential sales: 237 homes

• Year-over-year change: ↓ 6%

• Sales vs. 10-year average: ↑ 7%

• New listings: 419

• Active inventory: 635 homes

• Months of supply: 2.68

• Benchmark home price: $417,800 (↑ 4.3% year-over-year)

• Average days on market: 43

These numbers confirm that Saskatoon remains firmly in seller-leaning territory, with inventory well below long-term norms.

Sales Activity & Demand

While sales dipped slightly compared to January last year, activity remains above historical averages, showing resilient buyer demand. Notably, a significant portion of listings were already conditionally sold by month-end, further tightening available inventory heading into February.

Inventory & Market Balance

With just 2.68 months of supply, Saskatoon continues to post the tightest market conditions in Saskatchewan. Low supply is a key driver behind ongoing price appreciation, particularly for well-priced detached homes and family-oriented properties.

Pricing Trends

The total residential benchmark price reached $417,800, up from December and more than 4% higher than January 2025. This steady upward movement reflects:

• Limited inventory

• Consistent buyer demand

• Strong competition in entry-level and mid-price segments

Detached homes continue to anchor the market, while townhouses and apartments remain popular with first-time buyers and investors.

What This Means for Buyers

• Expect competition on well-priced listings

• Be prepared with financing and quick decision-making

• Strategy matters more than ever in tight conditions

What This Means for Sellers

• Low inventory favors sellers

• Pricing correctly is still critical

• Strong demand supports favorable sale-to-list price ratios

If you’re considering buying or selling in Saskatoon in 2026, understanding these monthly trends is key to making confident, informed decisions.

All statistics are based on MLS® data from the Saskatchewan REALTORS® Association as of January 2026.

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