Saskatoon Market Update — March 2026
Saskatoon’s real estate market stayed extremely competitive in March. Based on this month’s market snapshot, the city had 387 properties sold, 624 active listings, and an average of 32 days on market. Single-family home prices were up 8.7% year over year, with average prices at $563,601 for single-family homes, $330,503 for townhomes, and $251,112 for apartments.
What stands out most is that demand is still holding firm while supply remains tight. In the broader March market commentary for Saskatoon, the city reported 388 sales, just slightly below last year, but still 8% above the 10-year average. Saskatoon also recorded a record benchmark price of $435,200, with only 1.6 months of supply heading into spring, reinforcing how competitive conditions remain for buyers. Saskatchewan REALTORS® Association said the province is seeing record prices “because there simply are not enough homes available.”
That same supply pressure is still visible right now. REALTOR.ca currently shows roughly 625 active listings in Saskatoon and about 902 in Greater Saskatoon, which helps explain why well-priced homes are continuing to attract strong attention.
Looking ahead, the market should stay active as more spring inventory comes online, but supply will be the key story. CMHC says housing starts in Saskatoon are expected to grow slowly and steadily in 2026, with moderate gains in apartment construction, which could help over time, but not likely enough to create immediate relief this spring.
Suggested caption version:
Saskatoon’s market stayed strong in March, with 387 properties sold, 624 active listings, and homes averaging just 32 days on market. Single-family home prices are up 8.7% year over year, showing how much pressure limited inventory continues to put on the market.
The bigger story is supply. Saskatoon remains one of the tightest markets in the province, with benchmark prices hitting a record $435,200 in March and only 1.6 months of supply heading into spring. As the Saskatchewan REALTORS® Association put it, prices are rising because “there simply are not enough homes available.”
With roughly 625 listings currently in Saskatoon and about 902 across Greater Saskatoon, buyers are still facing a competitive environment, especially in desirable price points and neighbourhoods.
If you’re thinking about buying or selling in Saskatoon or the surrounding area, strategy matters more than ever in this kind of market.
#SaskatoonRealEstate #YXERealEstate #SaskatoonHomes #YXE #SaskatoonMarketUpdate #SaskatchewanRealEstate #Century21 #YXEHomeTeam