What did the Saskatoon Real Estate Market do in March 2026?

What did the Saskatoon Real Estate Market do in March 2026?

Saskatoon real estate hit a new milestone this month, setting a record benchmark price of $435,200. This represents a significant jump from February’s benchmark of $421,600. With sales down 3% year-over-year (Y/Y) and listings improving by nearly 4%, many local buyers are asking: "Is Saskatoon finally a buyers' market?" The short answer: Not exactly. Let’s dive into the data to see what's actually happening on the ground.

How many homes sold in Saskatoon in March 2026?

Saskatoon saw 388 properties sell in March. While this was a 3% decline compared to last year, the story varies significantly by property type:

• Detached Homes: Demand remains white-hot. Sales actually increased by 7% Y/Y.

• Row/Townhomes & Semi-Detached: These segments saw a decrease in sales, despite having more options available for buyers.

Did the number of listings increase in Saskatoon?

Yes, we saw a 3.9% Y/Y increase in new listings—a welcome change for frustrated buyers. However, inventory remains significantly lower than the 10-year average.

• Detached Homes: New listings rose by 7% Y/Y, but since sales increased by the exact same amount, the market for single-family homes didn't actually "loosen" up.

• Attached Homes: Townhomes and semi-detached properties saw a massive surge in inventory, up 18% and 33% Y/Y respectively. This is where buyers currently have the most leverage.

What is the "Months of Supply" in Saskatoon right now?

This metric is the clearest indicator that Saskatoon remains a tight sellers' market.

• Current Supply: 1.64 months.

• The Context: While this is an 8.9% increase from last year, it is still 60.9% below the 10-year average. The market is still very depleted.

The Verdict: What does this mean for you?

The data indicates that Saskatoon is firmly a sellers' market with no signs of slowing down in 2026. Detached homes continue to be the primary driver of demand.

For Sellers: If you own a semi-detached or townhouse, you are facing more competition than you were last year. To stand out, ensure your home is clean, organized, and all minor repairs are complete so you show better than the unit down the street.

For Buyers: You may find more "breathing room" in the condo and townhouse sectors, but be prepared for bidding wars if you are hunting for a detached single-family home.

Thinking of selling your Saskatoon home in 2026?

The earlier you start planning, the better your results will be. I offer free Home Market Evaluations (CMA) and no-pressure consultations to help you understand your home's true value.

Ready to get started? Let’s have an honest conversation about your goals to ensure you maximize your home’s potential in this record-breaking market.