Saskatoon Real Estate Update: December 2025 Market Wrap-Up

As we flip the calendar to 2026, the data is in: Saskatoon’s real estate market finished the year with a "bang," not a whimper. While December is traditionally a quiet month for moving trucks and "For Sale" signs, 2025 defied the seasonal norms to post the second-strongest sales year on record.

If you’re wondering what this means for your property value or your plans to buy this spring, here is the breakdown of the December 2025 highlights.

1. Sales Are Defying the "Winter Chill"

Saskatoon recorded 270 residential sales in December. This represents a 6% increase compared to December 2024 and sits nearly 24% above the 10-year average. Throughout the entire year, Saskatoon saw over 5,100 homes change hands, proving that demand for our city remains incredibly high.

2. Inventory Crisis: The Tightest Market in the Province

The biggest story of 2025 continues to be the lack of homes for sale. Saskatoon remains the tightest market in Saskatchewan, with only 2.11 months of supply.

• Total Listings: 569 units at year-end.

• The "Real" Inventory: Of those 569 units, 130 were already conditionally sold, leaving only 439 active units to start the new year.

With inventory levels roughly 50% below long-term norms, competition for well-priced homes remains fierce.

3. Home Prices Remain Resilient

While we saw a very slight seasonal dip from the November peak, year-over-year growth remains robust. The benchmark price for Saskatoon in December was $417,700—a 6.4% increase from this time last year.

A Look at Average Prices by Category: 

Property Type | Estimated Average Price 

Detached Homes | ~$484,100 

Townhomes | ~$350,300 

Apartment Condos | ~$258,700 

4. Hot Neighborhoods

Areas like Stonebridge, Rosewood, and Brighton continue to lead the way in demand, while heritage areas like Nutana SC maintain high values due to limited turnover. For first-time buyers, Kensington and Confederation Park remain the go-to spots for finding value in the $350,000-$500,000 price range.

What This Means for You

For Sellers: You are firmly in the driver’s seat. Low inventory means your home is likely to get significant attention if it’s priced correctly. With less than three months of supply, we are still deep in a sellers market.

For Buyers: Preparation is your best friend. In a market this tight, you need to be pre-approved and ready to act. Many homes are seeing multiple offers or selling conditionally within days of hitting the MLS®.

Looking Ahead to 2026

With steady population growth and a stable local economy driven by the potash and uranium sectors, Saskatoon is positioned for another competitive year. As interest rates continue to stabilize, we expect a very busy spring market. Bueyrs this is the time to get your pre approvals in place, and making your list of needs vs wants; sellers your time is now to get your home in tip top shape so it shines against the competition that is sure to come in the coming weeks to months.

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