Saskatoon Real Estate Market Update: Fall 2026

Home prices are up, sales are slowing, and buyers are becoming more selective. Here's what the latest Saskatoon housing market statistics tell us as we look ahead to 2027.

As we head into the final stretch of 2026, Saskatoon's real estate market is starting to look a little different.

After several years of strong demand and limited inventory, we're beginning to see a shift in buyer behaviour. Homes are still selling, and prices remain higher than they were a year ago, but buyers are taking more time to compare properties and negotiate.

Does that mean we're heading into a buyer's market? Not necessarily.

At Tait Real Estate, we've reviewed the latest Saskatchewan MLS® statistics, along with detached-home activity across 32 Saskatoon neighbourhoods over the past 90 days.

Here's what we're seeing and what it could mean if you're thinking about buying or selling in 2027.

Saskatoon's Housing Market by the Numbers

October 2026 brought some interesting changes to Saskatoon's real estate market.

The biggest takeaway? Sales are slowing, but prices remain higher than last year.

October saw 363 residential sales, down 20% compared to October 2025. Meanwhile, the average sale price increased 7.7% to $446,186.

At first glance, those numbers might seem contradictory.

However, fewer sales don't automatically mean home values are declining. Average sale prices can also be influenced by the types of properties selling, their locations and the proportion of higher-priced homes changing hands.

What we're seeing is a market where activity has slowed, but housing supply remains relatively limited.

Is Saskatoon Becoming a Buyer's Market?

Not quite, although conditions are beginning to change.

As of November 1, Saskatoon had 778 active residential listings, representing approximately 2.1 months of inventory.

Breaking that down further:

• Single-family homes: 492 active listings and 1.9 months of inventory.
• Condominiums: 286 active listings and 2.7 months of inventory.
• Overall residential market: 778 active listings and 2.1 months of inventory.

What Does Months of Inventory Mean?

Months of inventory measures how long it would take to sell all currently available properties if homes continued selling at the recent monthly pace and no new listings were added.

Generally speaking, lower inventory tends to favour sellers, while higher inventory gives buyers more choices and potentially more negotiating power.

With less than two months of single-family inventory, Saskatoon still has relatively tight housing supply.

However, we're seeing buyers become more selective, particularly as we move into the slower fall and winter months.

And the level of competition varies significantly depending on the price range.

Your Price Range Makes a Big Difference

One of the most interesting findings from October's statistics is how much inventory varies across different price points.

These figures include all residential property types.

Buyers shopping between $300,000 and $500,000 are generally facing relatively limited inventory.

For example, the $450,000–$500,000 price range had just 1.3 months of inventory in October.

Compare that to the $750,000–$1 million range, where inventory was approximately 5.6 months.

That's a significant difference.

For buyers shopping at higher price points, there may be more properties to choose from and greater opportunities to negotiate.

For sellers in those same price ranges, understanding the competition and pricing appropriately is becoming increasingly important.

The takeaway: Saskatoon isn't one uniform real estate market. Conditions can look very different depending on your budget, neighbourhood and property type.

Are Saskatoon Homes Still Selling Above Asking Price?

During the busiest periods of the market, it wasn't unusual to see multiple offers and properties selling above their asking prices.

While that still happens, October's statistics show a noticeable change.

Of the 363 residential properties sold in Saskatoon during October:

• 61 homes (17%) sold above asking price.
• 27 homes (7%) sold at asking price.
• 275 homes (76%) sold below asking price.

That means approximately three out of every four homes sold for less than their asking price.

This doesn't necessarily mean those properties sold below market value. Asking prices are set by sellers and can vary considerably depending on pricing strategy, market conditions and expectations.

However, it does suggest that buyers are becoming more comfortable negotiating rather than automatically offering asking price or higher.

For sellers, this reinforces the importance of setting a realistic asking price from the beginning.

For buyers, it may mean more opportunities to negotiate, particularly on properties that have been listed for a longer period.

Saskatoon's Sales-to-Listings Ratio: What Is It Telling Us?

The sales-to-new-listings ratio compares the number of homes sold during a period to the number of new properties listed during that same period.

It's one way to measure the balance between housing supply and demand.

In October 2026, Saskatoon recorded:

• 363 residential sales
• 622 new residential listings
• 58.4% sales-to-new-listings ratio

That means approximately 58 homes sold for every 100 new properties listed during October.

For comparison, October 2025 recorded 454 sales and 686 new listings, resulting in a sales-to-new-listings ratio of approximately 66.2%.

That's a noticeable change from last year.

Generally, a sales-to-new-listings ratio between 40% and 60% is often associated with more balanced market conditions, while ratios above 60% can indicate stronger seller conditions. These are general guidelines rather than strict rules.

At 58.4%, Saskatoon's October ratio suggests the market is moving toward a more balanced environment.

However, with just 2.1 months of residential inventory and 1.9 months for single-family homes, overall supply remains relatively tight.

So, while the market isn't experiencing the same intensity we saw earlier in the year, it hasn't suddenly become a buyer's market either.

We're seeing a gradual shift, with conditions varying significantly by neighbourhood and price range.

New Construction Is Influencing Saskatoon's Inventory

Another important factor in Saskatoon's housing market is the amount of new construction available.

Of the 492 active single-family listings reported at the beginning of November, the market presentation identified:

• 149 homes built in 2026.
• 133 homes under construction.
• Additional recently completed homes from 2024 and 2025.

This is particularly relevant in growing neighbourhoods such as Brighton, Aspen Ridge and Rosewood.

When we see a neighbourhood with a large number of active listings, it doesn't necessarily mean existing homeowners are struggling to sell.

In some cases, a significant portion of that inventory consists of newly built homes being marketed by builders.

New construction can also influence average Days on Market, as builder listings may remain active while properties are being completed or marketed.

That's why it's important to look beyond the total number of listings when evaluating a neighbourhood.

Saskatoon Detached Home Prices by Neighbourhood

We reviewed detached-home sales across 32 Saskatoon neighbourhoods over the past 90 days to get a closer look at what's happening beyond the citywide averages.

The table below includes the number of homes sold, average and median sale prices, current listing activity and average Days on Market.

How to Read the Numbers

• Average sale price: The total value of homes sold divided by the number of sales.
• Median sale price: The middle sale price, which can provide a more representative picture when a few unusually expensive or inexpensive homes have sold.
• Active listings: Homes currently available for sale.
• Conditional listings: Homes with accepted offers that are still subject to conditions.
• Average DOM: The average number of days sold properties spent on the market.

Saskatoon Neighbourhood Market Comparison

Neighbourhoods are ranked from highest to lowest median sale price.

Source: Saskatchewan MLS® detached-home data from the supplied 90-day reporting period. Prices and Days on Market reflect sold properties. Active and conditional listings represent the supplied listing snapshot. Figures are rounded.

It's important to consider the number of sales when comparing neighbourhoods.

For example, The Willows and Greystone Heights each had only two detached-home sales during the reporting period. With such a small sample, one unusually expensive or inexpensive sale can have a significant impact on the results.

The median price also doesn't represent the value of every home in a neighbourhood. Property size, age, condition, renovations, lot characteristics and location can all influence value.

Which Saskatoon Neighbourhoods Are Seeing the Most Activity?

Several neighbourhoods stood out in our analysis.

Brighton

Brighton recorded 50 detached-home sales over the reporting period, the highest sales count among the 32 neighbourhoods reviewed.

The median sale price was $622,450, with 96 active listings in the supplied snapshot.

Brighton continues to have significant new-construction activity, which is an important factor when evaluating the amount of available inventory.

Stonebridge

Stonebridge recorded 38 detached-home sales, with a median sale price of $564,000.

The neighbourhood had just nine active detached-home listings in our snapshot, compared to 96 in Brighton.

Stonebridge also averaged approximately 24 days on market for sold properties.

Rosewood

Rosewood recorded 29 detached-home sales, with a median sale price of $624,900.

The neighbourhood had 30 active listings and four conditional listings in the supplied snapshot.

As with other growing neighbourhoods, new construction can influence the amount and type of available inventory.

Willowgrove

Willowgrove recorded 24 detached-home sales, with a median sale price of $587,500.

The neighbourhood had seven active listings and three conditional listings in the snapshot.

With relatively few available properties compared to recent sales, buyers looking specifically in Willowgrove may have fewer options to choose from.

Aspen Ridge

Aspen Ridge recorded 21 detached-home sales, with a median sale price of $572,500.

The neighbourhood also had 58 active listings and ten conditional listings.

As with Brighton, new construction is an important part of the inventory picture.

These differences reinforce why neighbourhood-level statistics can be more useful than relying solely on citywide averages.

What Does This Mean for Saskatoon Home Sellers in 2027?

If you're considering selling next year, the biggest takeaway is that understanding your local market matters more than ever.

While Saskatoon home prices remain higher than last year, buyers are becoming more selective.

That doesn't mean it's a bad time to sell. It means having the right strategy is increasingly important.

Here are three things we'd recommend focusing on:

1. Price your home based on current market conditions.

Recent comparable sales and competing listings are more useful than relying on citywide average prices or municipal property assessments.

A home in Briarwood may face very different competition than a similar-priced property in Brighton or Stonebridge.

2. Prepare your home before listing.

Buyers have more opportunities to compare properties, which makes presentation important.

Maintenance, repairs, staging, professional photography and a strong marketing plan can all help your home stand out.

3. Understand your competition.

The number of active listings, their asking prices and how long they've been on the market can influence your pricing strategy.

A well-maintained resale home in an established neighbourhood may face very different conditions than a newly built property in a growing community.

With the right preparation and pricing, sellers can still attract strong interest.

What Does This Mean for Saskatoon Home Buyers in 2027?

For buyers, the changing market may create some opportunities.

With approximately 76% of October sales closing below asking price, there may be more room for negotiation than we've seen during the busiest periods of the market.

However, that doesn't mean every property is negotiable.

Homes that are priced appropriately, well maintained and located in desirable areas can still attract strong interest.

We recommend focusing on three things:

1. Understand the market in your price range.

Buyers shopping between $300,000 and $500,000 may face very different conditions than those looking above $750,000.

2. Look closely at comparable sales.

Asking prices don't always reflect market value. Recent comparable sales provide important context when determining an appropriate offer.

3. Be prepared when the right property becomes available.

Even as the market becomes more balanced, desirable homes can still sell quickly.

Having your financing organized and understanding your priorities can help you make confident decisions.

What Can We Expect From Saskatoon's Real Estate Market in 2027?

It's difficult to predict exactly where the market will go next, but the latest statistics give us a few things to watch.

Sales activity has slowed. October sales were down 20% compared to last year, and year-to-date sales were down approximately 6.7%.

Prices remain higher year over year. The October average sale price increased 7.7%, while the year-to-date average was up approximately 6.1%.

Inventory remains relatively tight. Despite slower sales, Saskatoon had just 2.1 months of residential inventory at the beginning of November.

Buyers are becoming more selective. More properties are selling below asking price, and the sales-to-new-listings ratio has declined compared to last October.

Conditions vary by price range and neighbourhood. Some segments remain relatively competitive, while others offer buyers more choices.

Taken together, these numbers suggest Saskatoon's market is moving toward more balanced conditions, although supply remains limited in several important segments.

As we head into 2027, we'll be watching how inventory, interest rates, buyer demand and new construction influence the market.

For both buyers and sellers, understanding what's happening locally will continue to be important.

Curious What Your Saskatoon Home Is Worth?

Whether you're planning a move in 2027, considering renovations or simply curious about your home's current value, we're always happy to help.

At Tait Real Estate, we offer complimentary, no-obligation market evaluations.

We'll review recent comparable sales, current competition, your home's unique features and neighbourhood activity to help you understand where your property fits in today's market.

REQUEST YOUR COMPLIMENTARY HOME EVALUATION

Jamie, Courtney & Ross Tait

Tait Real Estate | Realty Executives Saskatoon

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Market data sources: Saskatchewan REALTORS® Association October 2026 three-year comparison, Realty Executives Saskatoon November 2026 sales meeting statistics, and Saskatchewan MLS® detached-home listing records from the supplied 90-day reporting period.

Citywide statistics include all residential property types. Neighbourhood statistics are based on detached homes only. Market conditions and listing inventory change regularly. Statistics are intended to provide general market context and should not be used as a substitute for an individual property evaluation.