Welcome back to the Saskatoon Real Estate Week in Review. This weekly update returns with a continued focus on providing clear, data-driven insight into Saskatoon real estate activity and market trends. Each week, we’ll examine sales, listings, inventory, and pricing to help place current market conditions into proper context.

The Saskatoon real estate market opened the year with a familiar early-January pattern: sales activity eased modestly compared to last year, while new listings moved higher and inventory rebuilt slightly. Pricing, however, continued to show resilience as average sale prices edged higher year over year.

Below is a snapshot of how the market performed during the first full week of 2026.

Executive Snapshot

• 34 residential sales, down from 40 one year ago
  

• 118 new listings, up from 103 last year
  

• 601 active listings, compared to 559 at this time in 2025
  

• Average sale price: $417,271, up 2.3% year over year

Sales Activity

Saskatoon REALTORS® reported 34 residential sales during the first week of January. This represents a modest decline from the 40 sales recorded during the same week in 2025.

Early January is traditionally a slower period for sales, as many buyers and sellers pause activity around the holidays. While the year-over-year decline is notable, it is consistent with typical seasonal behaviour and does not, on its own, signal a shift in underlying market conditions.

New Listings & Inventory

New listing activity moved higher to begin the year. 118 residential properties were added to the MLS® system during the week, compared to 103 new listings during the same period last year.

As a result, active residential inventory increased to 601 listings, up from 559 listings at the start of 2025. This increase provides buyers with more choice entering the new year, though overall inventory levels remain relatively low by longer-term standards.

Pricing Trends

Despite fewer sales, pricing continued to trend higher. The average sale price for homes sold between January 1 and 7 reached $417,271, up from $407,950 during the same week in 2025.

This year-over-year increase suggests that buyer demand remains steady for well-positioned properties, even as sales volumes fluctuate seasonally. Composition effects - such as the mix of homes selling in a given week - can influence short-term pricing measures, but early indicators point to continued price stability as the year begins.

What This Means Right Now

• For buyers: New listings are coming to market, creating more selection, but competition remains for homes that are priced appropriately.
  

• For sellers: Pricing accuracy continues to matter. Homes that align with current buyer expectations are better positioned to attract attention early in the year.
  

• What we’re watching: Whether elevated new-listing activity continues through January and how quickly buyers respond as winter activity picks up.

As we move through the early weeks of the year, we’ll continue to monitor how sales activity, new listings, inventory levels, and pricing trends are shaping the Saskatoon real estate market. The Saskatoon Real Estate Week in Review is designed to provide a clear, data-driven snapshot of local market conditions each week, without unnecessary noise or speculation. We appreciate you taking the time to read and look forward to sharing the next update as the year unfolds.

What Changed in 2025 — and What It Means for 2026

In many ways, 2025 didn’t feel dramatic on the surface. Homes continued to sell. New listings came to market. Buyers and sellers stayed active.

But beneath that calm exterior, the Saskatoon real estate market tightened significantly.

Prices rose faster. Competition intensified. And a growing share of homes sold over asking — not because demand surged, but because supply never truly caught up.

This year-in-review looks at what actually changed, why it mattered, and what the data suggests comes next.

The Big Picture: Steady Sales, Rising Prices

At first glance, sales activity alone wouldn’t suggest a major shift. Overall transaction volumes in 2025 were broadly similar to 2024, following typical seasonal patterns.

What did change meaningfully was pricing.

Median and average sale prices climbed throughout the year, even without a surge in sales. That combination — steady volume alongside rising prices — is a classic signal of supply-side pressure rather than speculative demand.

Sales volumes remained relatively stable year over year, while median sale prices trended higher throughout 2025 — an early signal of tightening market conditions.

Supply Increased — But Not Enough

One of the most common questions we hear is: “Didn’t more homes come on the market in 2025?”

Yes — they did.

New listing activity was generally higher in 2025, particularly during the spring and early summer months.

New listing activity increased in several key months during 2025, especially in the spring and early summer. However, higher listing volume alone did not translate into a looser market.

On its own, that chart might suggest improving buyer choice. But listings are only half the equation.

Why Buyers Still Faced Limited Choice

Despite more homes entering the market, total inventory levels remained low.

Month-end inventory followed normal seasonal patterns and never showed a sustained build-up. In practical terms, this means that homes were selling almost as quickly as they were being listed.

Even with increased listing activity, total inventory levels remained constrained, indicating that new supply was absorbed quickly by buyer demand.

This dynamic — listings rising without inventory accumulation — is one of the clearest signs of an undersupplied market.

The Metric That Explains Everything: Months of Inventory

If there is one chart that explains 2025, it’s this one.

Months of Inventory (MOI) measures how long it would take to sell all active listings at the current pace of sales. Rough benchmarks:

• 3-6 months = balanced market

• Below 3 months = seller’s market

Throughout both 2024 and 2025, Saskatoon remained firmly in seller-market territory.

Months of inventory remained well below balanced-market levels throughout both years, dipping to roughly one month during parts of 2025 — a strong indicator of persistent supply constraints.

This explains nearly everything that followed.

How Tight Supply Changed Buyer and Seller Behaviour

As months of inventory compressed, competition increased — and it showed up clearly in how homes sold.

A much larger share of properties sold above their asking price in 2025 compared to 2024, particularly in the single-family detached and townhouse segments.

As inventory tightened, a significantly higher percentage of homes sold above asking price — clear evidence of intensified buyer competition.

This wasn’t limited to a few standout properties. It was a broad behavioural shift driven by limited alternatives.

A Closer Look at Single-Family Homes

Detached homes felt these pressures most acutely.

When we look at the distribution of sale-to-list price ratios, it becomes clear that selling over asking was not an exception — it was increasingly common.

The distribution of sale-to-list price ratios shows a meaningful shift toward over-asking outcomes, particularly in 2025.

This is what a tight market looks like at ground level.

Why Neighbourhoods Matter More Than Ever

One of the clearest lessons from 2025 is that the market didn’t move as a single unit.

In a low-inventory environment, small differences in location translated into very different outcomes. In neighbourhoods like Holliston, Adelaide/Churchill, and Queen Elizabeth, competition remained consistently strong, with homes selling 4–5% over asking on average — a sign that limited local supply left buyers with few alternatives.

Meanwhile, areas such as Pleasant Hill, Riversdale, and the Central Business District told a different story, where sales typically closed below asking, reflecting greater price sensitivity and more buyer leverage. The result was a market where city-wide averages mattered less, and neighbourhood-level dynamics mattered more than ever.

What This Suggests for 2026

Based on inventory dynamics alone, several conclusions stand out:

1. Without a meaningful increase in supply, price pressure is likely to persist.

2. Small changes in demand or supply can have outsized effects in a low-inventory market.

3. Sellers retain the advantage — but only with correct pricing. Overpricing still leads to longer market times.

2025 was not driven by speculation or exuberance. It was driven by scarcity.

And unless that scarcity eases, its effects are likely to continue.

The bottom line:
2025 wasn’t defined by speculation or dramatic swings — it was defined by persistent scarcity. Even as more homes came to market, inventory remained tight, competition increased, and pricing pressure followed. For buyers, this meant acting decisively and understanding neighbourhood-level dynamics. For sellers, it meant opportunity — but only with correct pricing and strong presentation. As we move into 2026, the key variable to watch isn’t demand, but supply. Until that changes meaningfully, the market is likely to remain competitive, selective, and highly localized.

Thank you for reading our Saskatoon Real Estate Year in Review. We’ll soon be re-introducing the Saskatoon Real Estate Week in Review, a weekly summary designed to cut through the noise and highlight what’s actually changing in the local market. If you’d like to receive it, you can subscribe here:
Saskatoon Real Estate Week in Review

For nearly 15 years, the Saskatoon Real Estate Week in Review was a weekly ritual for many homeowners, buyers, sellers, and real estate professionals across our city.

Authored faithfully every single week for 14.5 years by our former team leader, Norm Fisher, the Week in Review became a trusted source for understanding what was happening in the Saskatoon real estate market. It wasn’t about hype or headlines—it was about the numbers, the trends behind them, and what they meant for people making real decisions.

Over time, it became more than a blog. It sparked conversations, built connections, and helped many people better understand the market they lived in.

We’re excited to share that the Saskatoon Real Estate Week in Review is coming back.

Why Bring It Back Now?

The real estate market has become more complex—not less.

Buyers and sellers are navigating changing interest rates, shifting inventory levels, and headlines that don’t always reflect what’s happening locally. At the same time, information is everywhere, but clear, consistent context can be hard to find.

We believe there’s still real value in a simple, weekly snapshot of Saskatoon real estate activity, presented in a way that’s easy to understand and grounded in local data.

That’s what this revival is about.

What the Week in Review Will Include

Each week, the Saskatoon Real Estate Week in Review will provide:

• A summary of weekly listing and sales activity

• Key market trends we’re watching

• Context around pricing, inventory, and demand

• Straightforward commentary on what the numbers may mean

This is not a list of properties.
This is not a sales pitch.

It’s an overview designed to help readers stay informed about the Saskatoon real estate market—whether they’re actively buying or selling, or simply paying attention.

Delivered by Blog and Email

In addition to being published on our website, the Week in Review will now also be available by email subscription.

Subscribers will receive the weekly update directly in their inbox, making it easy to stay informed without having to search for updates or filter through noise.

You can unsubscribe at any time.

A Familiar Name, A Modern Format

While the market has evolved, the goal remains the same as it always was:
to provide consistent, reliable insight into Saskatoon real estate.

We’re proud to carry forward a local tradition that many in our community valued, while adapting it to how people consume information today.

Subscribe to the Saskatoon Real Estate Week in Review

If you’d like to receive the Saskatoon Real Estate Week in Review by email, we invite you to subscribe below.

Whether you’re a longtime reader or discovering it for the first time, we’re glad to have you along.

We intend to begin with a wrap-up of 2025, with the first edition of the Week in Review following the next week.