Saskatoon’s real estate market stayed highly competitive in March 2026, with strong demand continuing to meet limited supply. The city reported 388 residential sales during the month, down slightly from March 2025, but still sitting above the 10-year average for March activity. That tells us the market remains active even after the exceptional pace seen last year.

One of the biggest stories in this month’s report is inventory. Saskatoon ended March with 638 residential listings in inventory and just 1.64 months of supply. That is an extremely tight market by historical standards and continues to put pressure on buyers heading into the spring market. The report also notes that nearly 200 of those available units were already conditionally sold and expected to leave the market, leaving roughly 440 active properties truly available to buyers at month end.

New listings did improve compared to last year, with 555 new listings recorded in March, but supply still remains well below long-term norms. That imbalance between supply and demand is a major reason why prices continue to climb in Saskatoon.

Prices pushed higher again in March. Saskatoon’s total residential benchmark price reached $435,200, setting a new all-time high for the city. That was up from $421,600 in February and up 5.4% year over year. The average residential sale price in March came in at $468,827, while the median price reached $448,500, showing that values remain firm across the market.

Detached homes continued to lead the market in both activity and pricing. The detached benchmark price reached $535,200 in March 2026. Semi-detached homes sat at $350,100, while apartments were at $261,200. These figures show that price growth is being felt across multiple property types, not just in the detached segment.

Another encouraging sign for sellers is how quickly homes are moving. The overall residential days on market figure was 32 days in March, while the sale-to-list-price ratio was 100.4%, suggesting that on average, homes were selling at or slightly above asking price. That is a strong indicator of buyer competition and seller confidence in the current Saskatoon market.

Year to date, Saskatoon has recorded 896 sales, which is down from the same period last year, but still well ahead of long-term historical trends. The year-to-date benchmark price sits at $424,867, reinforcing the broader story of a market that remains resilient, undersupplied, and price supportive.

For buyers, this means preparation matters. Mortgage pre-approval, quick decision-making, and a clear understanding of value are essential in a market like this. For sellers, the current conditions continue to present an excellent opportunity, especially for well-priced homes in desirable neighbourhoods.

As we move deeper into spring, Saskatoon remains one of the tightest housing markets in Saskatchewan. Unless inventory improves in a meaningful way, upward pressure on prices may continue in the months ahead. 

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