The Saskatoon real estate market remained resilient through November 2025, showing a blend of rising prices, tight inventory, and steady buyer activity. While sales dipped slightly compared to last year, they still sat well above long-term averages, reflecting a consistently competitive marketplace. With benchmark prices trending upward and inventory remaining historically low, the city continues to favor sellers heading into the winter season.
Sales & Listings
Saskatoon recorded 372 sales in November, a modest 2 percent decline year-over-year, yet still 25 percent above the 10-year average for the month.
New listings increased to 469 units, up 8 percent from last year, marking another month where listing activity improved but did not significantly alter the inventory landscape.
Despite the rise in new listings, inventory remained extremely tight. Saskatoon ended November with 808 active listings, but 217 of those were conditionally sold, leaving just 591 truly available properties heading into December.
This persistent lack of supply continues to be one of the defining pressures driving competition and price growth across the city.
Prices and Market Balances
The total residential benchmark price reached $421,000, climbing 6.3 percent year-over-year, and nudging upward from October’s $420,300.
Benchmark price by property type:
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Detached: $484,100
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Semi-Detached: $516,700
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Row/Townhouse: $350,300
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Apartment: $258,700
Saskatoon’s months of supply stood at 2.17, firmly placing the market in seller’s territory. This tight balance between supply and demand continues to support price stability and moderate but steady appreciation city-wide.
Market Trends
Several notable trends shaped November’s market:
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Inventory remains over 40 percent below long-term norms, despite several consecutive months of increased new listings.
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Sales levels remain robust, well ahead of the 10-year average.
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Benchmark prices are increasing across all major property categories, signaling broad-based strength.
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Strong absorption continues as buyer demand outpaces new inventory entering the market.
Overall, the November 2025 data demonstrates a market that remains competitive, stable, and well-positioned heading into the new year, with pricing strength rooted in persistent supply challenges and steady buyer activity.
FAQs
Are Saskatoon home prices still increasing?
Yes. Saskatoon's total residential benchmark price rose to $421,000 in November 2025, a 6.3 percent increase compared to last year.
How many homes sold in Saskatoon in November 2025?
The city recorded 372 sales, which is down 2 percent year-over-year but still 25 percent above the 10-year average.
Is Saskatoon still in a seller’s market?
Yes. Saskatoon reported only 2.17 months of supply in November, keeping the market firmly in seller’s territory. Inventory also remains over 40 percent below historical averages.
Did new listings increase this month?
Yes. New listings rose to 469 in November, an 8 percent increase from the previous year, although inventory remains tight due to strong sales.
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