Saskatoon market in May 2026 saw an increase in prices but a decrease in sales. How can that be? Let’s look at the numbers:
Sales: 519 in May, a 4% Y/Y decline but 10% higher than the ten year average
New Listings: 821, a 9% Y/Y decline as well. By months end, we had only 560 active listings heading into June
Average House Price in Saskatoon: $553,917 for a detached home which is an 8% Y/Y increase
Saskatoon actually did see a decline in the average sale price for semi detached homes while condos (apartment & townhomes) surged ahead by 12% & 14% Y/Y respectively.
People are always asking me, but where is the demand coming from? In the previous 3 years it was absolutely a surge in demand due to our rapid population growth. It is important to keep in mind, we are an aging population. While we tend to focus on the seniors finding their next home for their next phase in life, we must remember that in tandem are college graduates, marriages, divorces, and new families all needing homes to hold them in their next phase of life. So while you may be content in your home, you likely know at least one person needing to make a move for one reason or another. Real estate is dynamic, and constantly moving. While we go through phases where there are more sellers than buyers, we are not quite in that phase yet.
If you read the headlines around the world, many cities are in similar situations to Saskatoon. With a healthy economy and growth on the horizon, and limited new construction for detached homes, expect demand to remain steady for the summer leading into fall.
Thinking of selling this year? Let’s chat about your situation, where you are hoping to move and what opportunities there are for you.
Joanne Nagy, TRCG The Realty Consultants Group
I’m only a text or call away…
306-220-9189
or pop by on instagram
@joannenagyyxe
