Saskatoon Real Estate Market Update: What Buyers & Sellers Need to Know (June 2025)

The Saskatoon real estate market continues to show dynamic shifts as we enter June 2025. Whether you're thinking of buying, selling, or investing, staying informed will give you a clear advantage in making confident decisions. I continue to have conversations with people asking where the demand for homes in Saskatoon is coming from. We simply have had a significant growth in population, and people need homes to live in. I have also had conversations with those who are talking about a soft job market. Saskatoon is located in a province with exponential resources, and jobs that support these sectors will continue to provide job opportunity. We also have a generation of those moving out of their family homes and downsizing for the next stage of life which is putting upward pressure on the smaller bungalow style homes and condos for mature homeowners.  Take a look at the key highlights below.

Key June 2025 Market Insights so far:

• Inventory Levels:

  • Currently at a 1.6 month supply as of the beginning of June, indicating a continued seller's market, with homes selling faster than usual, averaging 22 days on market.

• Market Trends:

  • Saskatoon’s inventory continues to tighten, particularly in desirable neighborhoods like Stonebridge, Evergreen, and Brighton, pushing home prices upward. The affordable price point that is supported by current income levels is quickly increasing, causing homes that were once in the grips of first time home buyers, become less available.

Strategic Advice for Buyers:

• Act swiftly and decisively: With low inventory, waiting can mean missing out. Stop looking for perfect-it doesn't exist-but find something that you can make yours.

• Pre-approval is key: Ensure your finances are ready and clearly outlined to strengthen your offer. Having LIQUID ASSESTS is imperative if you are sourcing tour deposit and downpayment from investments. 

• Flexibility matters: Consider broadening your criteria to find hidden opportunities. Maybe you can make do with a single attached instead of a double attached, maybe a half bath off the master bedroom is a concession to a full ensuite. The more flexible, the more success you will have. 

Strategic Advice for Sellers:

• Price strategically: Competitive pricing attracts multiple offers and quick sales. Over pricing gets you nowhere. No offers. No showings. Nothing. Yes, even in this market there is a limit to what people will pay.

• Maximize your presentation: Professional staging and quality marketing materials remain essential to attract premium offers.

• Timing advantage: Leverage current high demand by listing promptly and capitalizing on motivated buyers.

Looking Ahead (July and Beyond):

Expect inventory to remain tight, with steady demand throughout the summer. Interest rates that are currently held and migration patterns continue to support strong market conditions.

Frequently Asked Questions:

• Should I buy now or wait?
  Money in the market is better than money out of the market. Buying now locks in current interest rates and secures a home in a rising market. Waiting might result in higher prices and fewer choices. Do not sit on the sidelines. 

• Will prices rise or stabilize?
  Prices are projected to continue moderately rising due to low supply and strong buyer activity No one has a crystal ball, but some people who bought a month ago, and haven't even taken posession of their new home, have already grown equity due to the quick increase of home prices this spring. Of course there will be a market correction at some point, but Saskatchewan historically weathers them well. 

Check back in a few weeks where I will give oyu a full market report from June. Keeping you informed and empowered in Saskatoon’s dynamic real estate market.