Saskatoon Real Estate Market Update – May 2025

Saskatoon's housing market is holding strong into late spring, with prices climbing to new heights and inventory levels remaining tight. Here's a look at how things shaped up in May 2025:

 Home Prices Continue to Climb

The benchmark price in Saskatoon reached $485,900, marking an 8.2% increase year-over-year. This is up from $422,600 in April, showing sustained momentum in price growth as demand continues to outpace supply.

The median sale price came in at $522,500, with the average price sitting at $522,076, reflecting double-digit gains in both measures compared to May 2024 .

 Sales Slow Down

Sales activity saw a notable dip, with 239 properties sold, a 20% decrease compared to May 2024

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