The Saskatoon real estate market continued to show strength in April 2026, even as more inventory came online. Compared to March, buyers had more listings to choose from, but that extra supply was quickly absorbed by strong spring demand.
For buyers, this means competition is still very real. For sellers, it means well-priced homes continue to have a strong window of opportunity.
March vs. April 2026 Saskatoon Real Estate Stats
April Brought More Listings — But Also More Buyers
The biggest change from March to April was the increase in both listings and sales.
Active listings rose from 624 in March to 691 in April, which gave buyers more choice heading deeper into the spring market. But sales also jumped from 387 to 450, showing that demand did not weaken as inventory improved.
That is the key takeaway: more listings did not create a soft market. It created more transactions.
This lines up with the Saskatchewan REALTORS® Association’s March market commentary, which reported that Saskatoon had 388 sales in March, down slightly year-over-year but still 8% above the 10-year average. SRA also noted that Saskatoon had only 1.6 months of supply heading into the spring market, reinforcing how tight conditions remained.
Saskatoon Is Still Dealing With Tight Supply
Even with more active listings in April, Saskatoon’s market is still being shaped by low supply.
The Saskatchewan REALTORS® Association described the province’s spring market as one where “persistently low inventory levels” continued to push benchmark prices higher. Across Saskatchewan, March inventory remained below three months of supply and more than 50% below typical levels for that time of year.
SRA CEO Chris Guérette summed it up clearly:
“We are seeing record prices not because demand is accelerating, but because there simply are not enough homes available.”
That quote is important because it explains exactly what we are seeing locally. Saskatoon buyers are not necessarily facing a market where demand is exploding uncontrollably. They are facing a market where there still are not enough homes available in the right price ranges, neighbourhoods, and property types.
650 CKOM reported a similar trend earlier in the spring, noting that demand across Saskatchewan remained high while listed supply continued to be a challenge. The report specifically pointed to Regina and Saskatoon as regions where supply issues were being felt most strongly.
Prices Are Still Up Year Over Year
One notable shift in April was that the year-over-year price increase for single-family homes cooled from 8.7% in March to 6.3% in April.
That may sound like the market is slowing, but it is better understood as price growth moderating from a very strong level. A 6.3% annual increase is still meaningful, especially in a market where affordability and inventory remain major issues.
In March, Saskatoon’s benchmark price reached an all-time high of $435,200, up from $421,600 in February and more than 5% higher than March 2025, according to the Saskatchewan REALTORS® Association.
The Saskatoon & Region Home Builders’ Association also noted in its Q1 2026 market outlook that Saskatoon entered the year with some of the tightest resale market conditions in the country, with the March benchmark price at an all-time high and inventory near record lows.
Average Prices by Property Type
The April numbers show different trends depending on property type.
Single-family homes dipped slightly from $563,601 in March to $557,018 in April. This does not necessarily mean detached homes are weakening. Monthly average prices can shift depending on the mix of homes sold, including neighbourhood, size, condition, and price bracket.
Townhouses saw the biggest increase, rising from $330,503 to $378,160. That jump may reflect stronger demand for more affordable ground-oriented housing, especially from buyers priced out of detached homes.
Apartments remained very stable, moving from $251,112 to $251,442. This suggests the apartment segment is steady, but not experiencing the same sharp movement seen in townhouses.
What This Means for Saskatoon Buyers
For buyers, April’s increase in listings is good news — but it does not mean the market has become easy.
Homes are still selling quickly, with average days on market moving from 32 days in March to 31 days in April. In other words, the pace did not slow. It actually tightened slightly.
Buyers should be prepared before viewing homes. That means having financing lined up, understanding recent comparable sales, and being ready to act quickly when the right property hits the market.
The biggest mistake buyers can make right now is assuming more listings automatically means more negotiating power. In Saskatoon’s current market, desirable homes can still attract strong attention.
What This Means for Saskatoon Sellers
For sellers, April confirmed that demand remains strong.
More homes came onto the market, but buyers absorbed much of that supply quickly. With sales rising from 387 to 450, the spring market showed clear momentum.
That said, pricing still matters. Buyers are active, but they are not careless. Homes that are clean, well-presented, properly marketed, and priced according to current market conditions are in the strongest position.
Sellers should not simply price based on headlines. The right strategy depends on neighbourhood, property type, condition, and competition in the immediate area.
The Bottom Line
April 2026 was a strong month for Saskatoon real estate.
Inventory improved, sales increased, days on market remained low, and year-over-year single-family price growth stayed positive. The market may have slightly more breathing room than it did in March, but Saskatoon is still operating under tight conditions.
The best summary is this:
April gave buyers more choice, but it did not erase competition. Saskatoon remains a strong, supply-constrained market where good homes are still moving quickly.
For buyers, preparation matters.
For sellers, pricing and presentation matter.
For everyone, local strategy matters more than national headlines.
Thinking About Buying or Selling in Saskatoon?
Whether you are planning to sell, looking for your next home, or simply wondering what your property may be worth in today’s market, the numbers show that timing and strategy are both important.
Reach out to the YXE Home Team for a current market evaluation or a neighbourhood-specific breakdown.
YXE Home Team
Matthew Olsgard | Tyler Frederick | Randy Singh
saskatoonhometeam.ca
