Saskatoon Real Estate Market Update – May 2025 ???? Quick Snapshot ???? May 2025 Highlights
Location: Saskatoon, SK
Market Type: Seller’s Market 544 homes sold (⬇️ 5% YoY, but ⬆️ 20% above 10-year average) $433,700 benchmark price –
New record high, up 9.2% YoY 903 new listings – ⬆️ 13% YoY 881 active listings, but only 555 truly available 1.62 months of supply – very tight inventory Homes selling above list price in many cases
Inventory Insights Despite a slight increase in listings, demand is outpacing supply. Inventory remains well below average: Month Active Listings YoY Change Months of Supply January 623 ↓ 14% 2.46 February 584 ↓ 22% 1.81 March 603 ↓ 25% 1.50 April 681 ↓ 21% 1.55 May 881 ↓ 3.6% 1.62
Over 30% of listings in May were conditionally sold, indicating strong buyer interest.
Home Price Growth Prices continue to climb across all property types:
Property Type Benchmark Price YoY Change
- Detached $501,100 ⬆️ 8%
- Semi-Detached $531,400 ⬆️ 11%
- Row/Townhouse $359,500 ⬆️
- 10% Apartment $257,300 ⬆️ 8%
What It Means âś… Sellers: Ideal time to list — low supply and rising prices are in your favour. ???? Buyers: Be prepared — act fast and come with strong offers. Investors: Solid appreciation trends suggest long-term value in Saskatoon real estate.
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Posted by Jill Bird on
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