Market Report of February 2026

Mar 5, 2026 | Marla Janzen, Marlas Real Estate Market Report

📈 Saskatoon Housing Market Sees Price Growth Amid Tight Inventory

The Saskatoon real estate market continued to demonstrate resilience in February 2026, with rising home prices despite a slowdown in sales activity. Limited housing supply and fewer new listings are keeping competition strong among buyers, helping maintain upward pressure on property values.

As the spring market approaches, understanding these trends can help both buyers and sellers make informed real estate decisions.

💰Saskatoon Home Prices Continue to Increase

The benchmark price for residential homes in Saskatoon reached $421,600 in February 2026, increasing from $417,800 in January and sitting 4.7% higher than February 2025.

This continued growth reflects strong buyer demand across the city, particularly in lower and mid-price ranges where inventory remains extremely limited.

📊 Despite shifts in the broader economy, Saskatoon’s housing market continues to show steady price growth.

📉 Sales Activity Declines Year-Over-Year

There were 271 home sales recorded in February, representing a 16% decrease compared to February 2025 and sitting slightly below the city’s 10-year average for the month.

While this may look like a cooling market at first glance, the decline in sales is largely due to limited housing supply rather than reduced buyer demand.

👀 Many buyers are still actively searching, but fewer listings mean fewer completed transactions.

📦 Housing Inventory Remains Extremely Tight

Inventory continues to be one of the most important factors shaping the Saskatoon real estate market.

At the end of February:

• 🏠 614 total homes available for sale

• ✍️ 164 homes conditionally sold

• 📍 About 450 active listings heading into March

This results in 2.27 months of supply, which is well below the balanced market level of 4–6 months.

When inventory stays this low, the market typically leans in favor of sellers because buyers have fewer options available.

🆕 New Listings Continue to Decline

Saskatoon saw 370 new listings in February, representing a 3% decrease compared to the same time last year.

Because both sales and new listings declined, inventory levels did not improve significantly.

📌 The ongoing shortage of homes for sale continues to create competitive conditions for buyers in many price ranges.

Stats

🤝 What This Means for Buyers and Sellers

🏡 For Sellers

• Less competition from other listings

• Homes priced correctly can sell quickly

• Rising home values can help maximize your equity

🔑 For Buyers

• Limited inventory means acting quickly when the right home appears

• Getting mortgage pre-approval early is essential

• Working with an experienced real estate professional can help you navigate competitive conditions

🌷 Outlook for the Spring 2026 Market

Spring is traditionally the busiest season for real estate in Saskatoon.

If more homeowners decide to list their properties, buyers could see more options. However, if inventory remains limited, home prices may continue to rise and competition among buyers could remain strong throughout the spring market.

📈 Early indicators suggest Saskatoon will likely continue experiencing a seller-leaning market in the months ahead.

📞 Thinking About Buying or Selling in Saskatoon?

Understanding current market trends is essential when making real estate decisions. Whether you’re planning to buy your first home, upgrade, or sell your property, staying informed about the Saskatoon housing market can help you achieve the best results.

✨ If you’re considering a move this year, now is a great time to start planning.