Saskatoon Real Estate Market Update – April 2025 Sets New Price Record Despite Inventory Challenges
Posted by Kent Braaten on
Saskatoon Real Estate Market Update – April 2025 Sets New Price Record Despite Inventory Challenges
April 2025 brought notable shifts in Saskatoon’s real estate market, with the city reporting 440 residential sales—a 16% decline year-over-year, yet still 11% above the 10-year average. This signals ongoing demand despite tightening supply.
New listings also dropped by 12%, continuing the trend of low inventory. Of the 681 units on the market at the end of April, 230 were conditionally sold, leaving only 451 actively available. That translates to just 1.55 months of supply, well below balanced market conditions.
Despite fewer listings and sales, prices continue to climb. The benchmark price hit $422,600, surpassing March’s previous record. That’s a…
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