Overview

Saskatoon’s housing market demonstrated remarkable consistency in September 2025, maintaining its strong performance through the fall season. The city recorded 426 residential sales, just 1% lower than last year but more than 20% above the 10-year average

0925 Saskatoon Monthly

. This marks yet another month of robust buyer activity despite tightening inventory levels.

Listings and Inventory

There were 726 new listings added to the market in September — up 11% year-over-year — bringing some relief to active buyers. However, total inventory levels remained stable at 942 properties, as demand continues to absorb new supply quickly. With approximately 250 listings already conditionally sold, only 678 homes were fully available heading into October, keeping market conditions competitive.

Prices and Market Balance

The benchmark residential price settled at $431,400, down slightly from August’s record high of $435,900, but still representing a 7.4% increase year-over-year. This modest monthly dip aligns with expected seasonal cooling rather than a shift in long-term pricing trends.

Detached homes continue to lead Saskatoon’s market performance, while row/townhouses and apartments showed steady activity. The months of supply stood at 2.21, indicating a sustained seller’s market across most property types.

Market Perspective

“Saskatoon’s market remains fundamentally healthy,” said Saskatchewan REALTORS® Association analysts. “Demand continues to outpace supply in key segments, and while price growth has stabilized compared to earlier in the year, the city’s housing market remains well-supported by strong economic conditions and steady in-migration.”

Year-to-Date Trends

So far in 2025, Saskatoon’s year-to-date sales remain 11.7% above the 10-year average, underscoring consistent strength across the local real estate landscape. Sellers continue to benefit from short days on market and strong sale-to-list ratios, while buyers face ongoing competition for well-priced listings.

Key Takeaways

• 426 sales, down 1% year-over-year but 20% above the 10-year average

• 726 new listings, up 11% year-over-year

• 942 active listings, with 250 conditionally sold

• Benchmark price: $431,400 (↑ 7.4% from 2024)

• 2.21 months of supply, sustaining a seller’s market

• Saskatoon continues to outperform national averages in both sales and pricing trends

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• September 2025 (1)
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