Saskatoon Real Estate Market Update – February 2026

The Saskatoon housing market continues to show resilience as we move through the early months of 2026. While sales activity slowed slightly compared to last year, strong prices and limited inventory continue to define the local real estate landscape.

Let’s take a closer look at the latest numbers and what they mean for buyers and sellers in Saskatoon.

Active Listings Continue to Decline

One of the most important trends in the Saskatoon housing market is the continued decline in available homes.

Looking at the number of active listings in February over the past several years:

• 2021: 1,073 listings

• 2022: 954 listings

• 2023: 943 listings

• 2024: 731 listings

• 2025: 593 listings

• 2026: 575 listings

This sharp drop in available homes is one of the main reasons Saskatoon remains a seller’s market, with fewer options available for buyers.

Lower inventory levels typically create stronger competition among buyers and can lead to quicker sales and upward pressure on prices.

Home Prices Remain Strong

Despite fewer sales compared to last year, home values continue to show strength.

The average sale price in February 2026 was approximately $406,099, which remains significantly higher than prices seen just a few years ago.

Looking at February average prices over the past five years for ALL RESIDENTIAL:

• 2021: $353,542

• 2022: $358,671

• 2023: $356,597

• 2024: $366,305

• 2025: $430,457

• 2026: $406,099

While the average price dipped slightly from last year’s peak, overall values remain well above historical norms.

0226 Saskatoon Monthly

Sales Activity in Saskatoon

Sales activity slowed slightly in February compared to last year.

Saskatoon recorded 271 residential sales in February 2026, compared with 322 sales in February 2025.

Looking at February sales over the past several years:

• 2021: 352 sales

• 2022: 318 sales

• 2023: 253 sales

• 2024: 308 sales

• 2025: 322 sales

• 2026: 271 sales

This represents a 16% decrease year-over-year, but sales remain relatively strong considering the limited inventory available.

0226 Saskatoon Monthly

Benchmark Prices Continue to Rise

The benchmark price for residential homes in Saskatoon reached $421,600 in February, up from $417,800 in January and 4.7% higher than the same time last year.

0226 Saskatoon Monthly

By property type, benchmark prices currently sit around:

• Detached homes: $508,500

• Semi-detached homes: $489,600

• Row/Townhouses: $344,700

• Apartments: $252,700

This range continues to provide options for buyers across multiple price points.

Inventory Remains Extremely Tight

At the end of February there were 614 homes listed for sale, but 164 were conditionally sold, leaving roughly 450 homes truly available to buyers.

0226 Saskatoon Monthly

This results in just 2.27 months of supply, which firmly places Saskatoon in seller’s market territory.

0226 Saskatoon Monthly

For comparison, a balanced real estate market typically has four to six months of supply.

What This Means for Sellers

For homeowners considering selling, conditions remain very favourable.

Advantages include:

• Limited inventory means less competition

• Home prices remain near record levels

• Well-priced homes often sell quickly

• Buyers are still actively searching

If you’re considering selling in 2026, today’s market conditions may present an excellent opportunity.

What This Means for Buyers

While competition remains strong, buyers can still succeed with the right strategy.

Helpful steps include:

• Getting pre-approved before starting your search

• Being prepared to act quickly when the right property appears

• Considering different neighbourhoods or property types

• Working with a knowledgeable local real estate professional

Preparation is key in today’s competitive market.

Outlook for Spring 2026

Looking ahead, the spring market will likely bring more listings and increased buyer activity. However, unless inventory rises significantly, Saskatoon may continue to see upward pressure on home prices throughout 2026.

For both buyers and sellers, understanding current market trends will be critical.

✅ Thinking about buying or selling in Saskatoon this year?
Let’s connect and create a strategy tailored to today’s market.

Jill Bird 306-221-1350 

Cam Bird 306-221-0654