Saskatoon’s real estate market remained active in July, although the pace moderated from the exceptionally strong activity recorded in June.
A total of 539 properties sold during July, compared with 589 in June. Active listings finished the month at 881, virtually unchanged from the previous month, while average days on market increased from 23 to 26 days.
These numbers suggest that the market experienced a typical midsummer slowdown rather than a major change in direction. Sales declined, but available inventory did not meaningfully improve, leaving buyers with continued competition for desirable and properly priced properties.
How did prices perform?
The average single-family sale price decreased from $525,050 in June to $517,396 in July, a monthly decline of approximately 1.5%. However, single-family prices were still reported as being 1.8% higher than one year earlier.
Attached housing moved in the opposite direction. The average townhouse price rose to $390,524, while the apartment average increased to $272,065.
These increases may point to stronger demand for relatively affordable housing, particularly as detached homes become harder for first-time buyers to access. However, average prices can change substantially depending on which properties happen to sell during a particular month. The MLS® Home Price Index is generally more reliable for tracking underlying property-value trends because it adjusts for differences in the mix and characteristics of homes sold.
Saskatoon remains a tight housing market
The Saskatchewan REALTORS® Association reported that Saskatoon entered July with only 1.6 months of housing supply. Inventory was approximately 43% below the city’s 10-year average, even after new listings increased by 17% from the previous year.
Saskatoon recorded 589 sales in June, one of the strongest June totals on record and 22% above the 10-year average. The city’s overall residential benchmark price also reached a record $448,400, nearly 5% higher than June 2025.
The benchmark increase and the smaller annual increase shown for single-family homes in the July infographic are not necessarily contradictory. They measure different property groupings and use different calculation methods.
How does July compare with last summer?
Compared with the August 2025 snapshot, July 2026 had approximately 20% more sales, slightly more active listings and homes selling one day faster.
The average single-family price was approximately 2% lower, while townhouse and apartment averages were 14% and 16.5% higher, respectively.
The clearest change is the moderation in detached-home price growth. Last August, the single-family annual increase was reported at 11.8%. By July 2026, that figure had slowed to 1.8%.
That does not mean the market has become weak. Instead, it suggests buyers are becoming more price-conscious and that affordability is increasingly directing demand toward townhouses, apartments and lower-priced detached homes.
What is forecast for Saskatoon?
CMHC expects Saskatoon’s resale market to remain strong in 2026, supported by continued homeownership demand and buyers who arrived during the city’s recent period of population growth. Prices are expected to grow more moderately following the significant gains experienced in 2025.
CMHC’s 2026 forecast places Saskatoon-area MLS® sales between 6,700 and 7,400 transactions, with an average residential price between approximately $433,000 and $454,000. Housing starts are projected between 3,500 and 4,500 units, with continued strength in ground-oriented housing and purpose-built rental construction.
The forecast points toward another active year, but with slower appreciation and greater differences between property types, neighbourhoods and price categories.
Recent Saskatoon housing news
Housing supply remains a major focus for the City of Saskatoon. The city’s Housing Accelerator Fund agreement provides $41.325 million to help fast-track 940 additional housing units over three years, with the latest progress targets updated at the end of July.
City Council also approved a new Development Incentives Policy on July 29. Consequential amendments are still required before the new policy comes into effect, but the program is intended to support housing development that aligns with city priorities.
These programs should help expand Saskatoon’s longer-term housing pipeline. However, new construction takes time, so tight resale inventory may continue to support property values in the near term.
What this means for buyers and sellers
Buyers may have slightly more negotiating room than they did during the busiest spring weeks, but appealing homes can still attract quick interest. Financing preparation, realistic expectations and a clear offer strategy remain important.
Sellers are still operating in favourable conditions, but the rapid appreciation experienced in parts of 2025 should not be assumed. Accurate pricing, strong presentation and neighbourhood-specific comparable sales will matter increasingly as buyers become more selective.
Saskatoon remains a resilient and competitive housing market. July’s numbers show some seasonal moderation, but limited inventory and steady demand continue to give well-positioned sellers an advantage.
Saskatoon Home Team | Century 21 Fusion
saskatoonhometeam.ca
