Saskatoon Real Estate Market Mid-Year Review (January – July 2026)

The first seven months of 2026 have reinforced one key theme in the Saskatoon real estate market: demand has consistently outpaced supply. While sales have moderated slightly from the record-setting pace of 2025, activity has remained well above historical averages, keeping inventory at historically low levels and pushing home values to new record highs.

For both buyers and sellers, this has created a market where preparation and pricing continue to make all the difference.

2026 Market Snapshot

*Source: Saskatchewan REALTORS® Association Monthly Market Reports, January–July 2026.

Inventory Trend

One of the biggest stories of 2026 has been the gradual increase in available listings. Inventory climbed from 635 homes in January to 928 by the end of July, giving buyers more options than they had at the beginning of the year.

However, despite this increase, inventory remains 41% to 50% below the historical 10-year average throughout much of the year. Homes continue to sell quickly, preventing a meaningful shift toward a balanced market.

Benchmark Price Trend

While inventory has slowly improved, demand has remained exceptionally strong.

The residential benchmark price increased from $417,800 in January to a record $448,400 in June, before easing slightly to $447,600 in July.

That represents a gain of nearly $30,000 (7.1%) in just seven months.

The slight decline in July shouldn't be viewed as a market correction. Instead, it reflects the normal seasonal adjustment that often occurs after the busy spring market while prices remain well above last year's levels.

Sales Activity

Despite inventory challenges, buyers remained active throughout the first half of the year.

• Sales exceeded the 10-year average every month.
• June posted 589 sales, one of the strongest June performances on record.
• July sales slowed compared to 2025 but still finished 18% above the historical average, demonstrating continued buyer demand.

What This Means for Sellers

The market continues to strongly favour sellers.

Although more homes have entered the market since spring, inventory remains well below normal levels. Well-priced homes that are professionally marketed continue to generate strong interest, particularly in desirable neighbourhoods and price ranges.

As inventory slowly increases, pricing strategy becomes even more important. Buyers have slightly more selection today than they did earlier this year, making proper pricing essential to maximize interest while minimizing time on market.

What This Means for Buyers

Buyers have seen a modest improvement in selection compared to the beginning of the year.

However, competition remains strong for well-priced homes, particularly under the city's benchmark price. Being mortgage pre-approved, acting quickly, and working with a knowledgeable REALTOR® remain key advantages in today's market.

Looking Ahead to Fall 2026

As we move into the fall market, we expect:

• Inventory to continue improving modestly.
• Sales activity to remain above historical averages.
• Home prices to stay relatively stable after reaching record highs this spring.
• Well-priced listings to continue attracting strong buyer interest.

While the market is becoming slightly more balanced than earlier this year, Saskatoon remains one of Canada's strongest seller's markets due to limited supply and healthy buyer demand.

Thinking about buying or selling this fall? Now is an excellent time to understand your home's value or develop a strategy before the busy fall market begins