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

Choosing the right neighbourhood is just as important as choosing the right home.

In today’s Saskatoon real estate market, different areas offer different advantages—whether you’re looking for affordability, newer homes, walkability, or long-term value.

Here are some of the most in-demand neighbourhoods right now:

Brighton

Modern homes, rapid development, and one of the most desirable new communities in Saskatoon.

👉 Browse homes for sale in Brighton

Aspen Ridge

Upscale homes, newer construction, and strong long-term value.

👉 Browse homes for sale in Aspen Ridge

Stonebridge

A highly convenient neighbourhood with schools, shopping, and amenities all nearby.

👉 Browse homes for sale in Stonebridge

Evergreen

Family-friendly, newer homes, and great access to parks and schools.

👉 Browse homes for sale in Evergreen

Kensington

Affordable newer homes with strong value and great access to major routes.

👉 Browse homes for sale in Kensington

Rosewood

Quiet, established feel with newer homes and consistent demand.

👉 Browse homes for sale in Rosewood

Nutana

Character homes, walkability, and one of Saskatoon’s most iconic neighbourhoods.

👉 Browse homes for sale in Nutana

Willowgrove

A top choice for families with excellent schools and nearby amenities.

👉 Browse homes for sale in Willowgrove

Hampton Village

Affordable homes with a strong community feel and good value.

👉 Browse homes for sale in Hampton Village

Lakeview

Mature neighbourhood with large trees, parks, and long-term stability.

👉 Browse homes for sale in Lakeview

What Buyers Need to Know in 2026

In today’s market:

• Well-priced homes sell quickly

• Competition is still strong in key price ranges

• Preparation and strategy matter more than ever

The right neighbourhood—and the right approach—can make a huge difference in your buying experience.

Start Your Home Search

If you’re ready to explore what’s available, start browsing homes in your preferred neighbourhood above.

And if you’re also thinking about selling, knowing your home’s value is the first step.

Curious What Your Home Is Worth?

We provide free, no-obligation home appraisals backed by real-time Saskatoon market data.

As a 2025 Century 21 Centurion Team, we’ll show you:

• What your home could sell for today

• What buyers are actively paying

• How to maximize your sale price

👉 Get your free home evaluation here:
https://www.saskatoonhometeam.ca/home-evaluation.html

Short answer: Yes—if you approach it the right way.

Why Sellers Have the Advantage

• Low inventory = less competition

• High buyer demand = faster sales

• Strong pricing in key segments

But not every home sells for top dollar automatically.

What Actually Gets You Top Dollar

The highest-selling homes today:

• Are priced strategically (not too high)

• Show well (clean, staged, move-in ready)

• Hit the market at the right time

• Have strong marketing behind them

Common Mistakes Sellers Make

• Overpricing and sitting on the market

• Poor listing presentation

• Choosing the wrong strategy

These can cost you thousands.

What Your Home Could Sell For

Before making a decision, you need accurate data.

We provide free home evaluations with a clear breakdown of your potential sale price.

👉 https://www.saskatoonhometeam.ca/home-evaluation.html

If you’ve been wondering what your home is worth in today’s Saskatoon market, you’re not alone.

With inventory at historic lows and buyer demand staying strong, home values have shifted significantly.

What Determines Your Home’s Value?

Your home’s price isn’t based on guesses—it comes down to:

• Recent comparable sales

• Current competition (active listings)

• Buyer demand in your price range

• Location and neighborhood

• Condition and updates

Even small differences can mean tens of thousands of dollars.

Why Online Estimates Are Often Wrong

Automated home value tools don’t account for:

• Upgrades and renovations

• Current market demand shifts

• Local neighborhood trends

• Buyer behavior in Saskatoon

That’s why they’re often off—sometimes by a large margin.

What We’re Seeing Right Now

• Strong demand under $400K

• Limited inventory across Saskatoon

• Multiple-offer situations returning in some segments

This means sellers are often in a strong position.

Get an Accurate Home Value

We provide free, no-obligation home appraisals using real-time data.

As a 2025 Century 21 Centurion Team, we’ll give you a clear, accurate number—not a guess.

👉 https://www.saskatoonhometeam.ca/home-evaluation.html

If you’ve been watching the Saskatoon real estate market lately, one thing is clear:

Inventory is tight, demand is strong, and prices are holding—or increasing.

But what’s even more interesting is where buyers are going next.

More and more people are expanding their search outside Saskatoon… and that’s where Warman and Martensville are seeing serious growth.

Saskatoon Market Snapshot

Right now we’re seeing:

• Very low inventory under $400,000

• Strong demand for move-in ready homes

• Homes selling quickly (often within days)

• Sellers in a strong position when priced correctly

If you’re thinking of selling, this is one of the strongest markets we’ve seen in years.

Why Buyers Are Moving to Warman & Martensville

As Saskatoon becomes more competitive, buyers are looking for:

• Better value

• Newer homes

• More space

• Family-friendly communities

• Easy commutes

Warman and Martensville check all of those boxes—but they offer slightly different advantages.

Warman Real Estate Breakdown

👉 Warman homes search page:
https://www.saskatoonhometeam.ca/warman-homes-for-sale.html

Distance from Saskatoon: ~15 minutes

Warman has grown into a fully established city with strong infrastructure, excellent schools, and newer neighborhoods.

Typical Price Range:
$350,000 – $600,000+

Why buyers choose Warman:

• Larger homes and newer builds

• Strong school systems

• Established, family-focused neighborhoods

• High resale demand

What to consider:

• Prices have increased significantly

• Competitive market in mid-range homes

Bottom line:
Warman is ideal for buyers looking for a polished, long-term community with strong stability.

Martensville Real Estate Breakdown

👉 Martensville homes search page:
https://www.saskatoonhometeam.ca/martensville-homes-for-sale.html

Distance from Saskatoon: ~10 minutes

Martensville is growing rapidly and offers some of the best value in the region.

Typical Price Range:
$300,000 – $500,000

Why buyers choose Martensville:

• More affordable entry point

• Quick commute to Saskatoon

• Strong growth and development

• Great option for first-time buyers

What to consider:

• Still developing in some areas

• Fewer amenities than Warman (for now)

Bottom line:
Martensville is perfect for buyers looking for value, growth potential, and accessibility.

Warman vs Martensville (Quick Comparison)

• Warman = More established, slightly higher price point

• Martensville = More affordable, faster growth

Both markets are benefiting from Saskatoon’s low inventory—and both are expected to remain strong.

Where the Opportunity Is Right Now

As Saskatoon tightens:

• Warman becomes the premium alternative

• Martensville becomes the value play

This creates strong demand in both markets and continued upward pressure on prices.

Thinking About Selling?

With inventory this low, your home may be worth more than you think.

We provide free, no-obligation home appraisals backed by real-time Saskatoon market data.

As a 2025 Century 21 Centurion Team, we’ll show you:

• What your home is worth today

• What buyers are actively paying

• How to maximize your sale price

👉 Get your free home evaluation here:
https://www.saskatoonhometeam.ca/home-evaluation.html

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

Since late 2023 and entering 2024, we have witnessed a mixture of trends in the Saskatchewan market influenced by broad economic conditions, population growth and consumer preference shifts. Saskatoon and Regina, along with smaller cities and rural communities, have some unique dynamics. Here are some key trends to make note of regarding the recent Saskatchewan real estate market:

1. Steady Demand Despite Higher Interest Rates

• While the Bank of Canada’s interest rate hikes have put pressure on mortgage affordability, Saskatchewan's housing market has remained relatively resilient compared to other provinces. Recent rate decreases and rumours of further cuts (50bps in December 2024 rumour) are becoming more attractive for buyers.

• The demand for housing in urban centers (Saskatoon & Regina) remains strong, partly due to migration population growth and job opportunities in sectors like agriculture, mining, and tech.

• Rural communities and smaller cities are also seeing more interest from people seeking affordable properties or wanting to escape urban congestion, though this is often more specific to buyers looking for second homes or investment properties.

2. Decrease in Inventory

• Inventory is still somewhat limited in specific property types, particularly detached homes in desirable neighborhoods. Competition remains strong in these segments.

3. Continued Migration

• Saskatchewan has experienced positive net migration from other provinces and internationally as of late. The influx of population is driven by the province's relatively affordable cost of living to other provinces, a robust job market and skilled worker incentives, especially in the agriculture and energy sectors.

• Migration is assisting in demand for housing, particularly in Saskatoon and Regina, also in suburban and rural areas as people search for more affordable housing options compared to larger urban centers in Canada.

4. First-Time Homebuyers

• We have witnessed an increasing number of first-time homebuyers and young families entering the market of late. This has in turn increased demand for more affordable starter homes and properties in suburban areas, where new developments and suburban neighborhoods are growing.

• Programs aimed at helping first-time buyers, such as tax rebates or lower down-payment options, have also contributed to this trend.

5. Luxury Market Growth

• The luxury real estate market is growing, especially in Saskatoon and Regina, where high-end homes in desirable areas are located.

• The luxury segment most definitely benefits from the province's resource-driven economy giving residents the financial means to purchase high-end properties.

6. Rising Rental Demand and Tight Vacancy Rates

• There has been sustained pressure on rental markets, with vacancy rates remaining low. This trend is particularly noticeable in Saskatoon and Regina, where rental demand from university students, migrants, and workers in specific sectors (health care, mining, and construction) increases rental competition.

• Renters have witnessed their rental prices increase, due to a limited number of rental units and increased demand for both single-family rentals and multi-unit buildings.

7. Increased Focus on Rural and Recreational Properties

• Since COVID, more remote work options have become available, affording residents the option to move away from urban centers and opt for rural and recreational properties where living costs are lower.  

8. New Development and Urban Expansion

• New neighbourhood developments are a trend in both Saskatoon and Regina, located on the outskirts of the cities. Housing initiative goals are met by including a mix of both single-family homes and multi-family projects aimed at accommodating the influx of new residents.

• There has also a focus on infill developments in the downtown cores and older neighborhoods, where developers are looking to maximize land use with higher-density housing solutions.

Saskatchewan's recent real estate market in has been driven by strong demand, particularly for single-family homes, increased demand in the rental market, and stable price growth. Despite the increase in interest rates, Saskatchewan is relatively affordable compared to other provinces. It is imperative that buyers and sellers be mindful of market shifts, however Saskatchewan long-term outlook remains strong due to its economic stability and growth.

According to sales figures from the Saskatchewan Realtors Association, we witnessed an unprecedented October in Saskatchewan setting a record for the most sales ever recorded during a single October in history. October 2024 impressively outpaced 2023 by 21% year over year. We have now seen 16 consecutive months of above average sales, causing a drastic inventory decline with inventory at its lowest levels in the past 14 years. The most drastic decline were homes priced under $300,000. These tight market conditions seen throughout 2024 have put upward pressure on prices of homes. Recent rate cuts are expected to support even stronger demand, with inventory levels at these levels, we expect a challenging climate for prospective buyers.

Saskatoon set a record high 444 sales in October, which is a 17% year over year increase and nearly 30% higher than long-term 10 year averages. There are currently only 803 listings available in the Saskatoon residential market, which hasn’t seen this few of homes active on the MLS in 18 years. There is currently only 2 months of supply on the market, meaning things are good for sellers. Benchmark prices in saskatoon for October 2024 were at $402,600 which is up marginally from September and 7% higher year over year from October 2023.

Interest Rates

If youre currently in the market to buy and on the fence waiting until rates drop, we have seen bonds stall and increase slightly. If buyers are risking waiting, they may be battling more buyers as the CMHC rule change in December comes into effect which will create more competiion on available inventory.

As anticipated, the BOC dropped the base lending rate by .5% and there are rumors of another .5% drop in December. The Current economy is slowing in Canada and with GDP figures under 1%, there is a likelihood that rates may have to come down further.​​​​​​​

The new year should be quite interesting. We are looking to replenish our listing inventory heading into the new year and appreciate any referrals you may have!