Spring is here, and the numbers are telling a clear story. Saskatoon's housing market stayed active in April with strong sales, rising prices, and an inventory situation that continues to be the dominant force shaping everything buyers and sellers experience right now.
Here's a full breakdown of what the data shows.
Sales Activity
There were 450 residential sales in April 2026 — a 2% increase compared to April 2025. More importantly, that number sits 12.4% above the 10-year average for the month. Year-to-date, 1,345 homes have sold in Saskatoon, which is 8% ahead of the 10-year average pace.
The market is moving. That's not hype, it's just what the numbers say.
Pricing
The benchmark price in April came in at $433,200, up 3.3% year-over-year. That's a slight pullback from the record high of $435,200 set in March — which could signal some stabilisation starting to take hold after a strong run. The average sale price for the month was $464,524, representing a 10% increase over April 2025.
Looking at individual property types:
Every segment saw price growth year-over-year — even apartments, which had a notable drop in sales volume. When there's not much to choose from, sellers hold the line on price.
How Fast Are Homes Selling?
The MLS reports an average of 31 days on market in April, compared to the 10-year average of 42 days. One thing worth understanding: MLS days on market runs from listing date to firm sale, which includes the conditional period. In practice, most accepted offers go conditional for roughly 14 days before going firm. So the actual time from listing to accepted offer is closer to 17 days on average right now.
"The 10-year average adjusted the same way would be closer to 28 days. Homes are finding accepted offers nearly two weeks faster than they historically have."
That's fast. If you're a buyer wondering whether you have time to think it over, these numbers suggest the window is shorter than you'd like.
Inventory: The Story Behind the Numbers
This is where things get important for anyone actively in the market.
Total active inventory at the end of April stood at 714 units — up 4.5% from last year, which sounds encouraging. But it sits 50.2% below the 10-year average of 1,433 units. And when you factor in that over 200 of those 714 were already conditionally sold, the picture tightens considerably.
688 new listings came to market in April — up 7.3% from last year, which is a welcome increase. But it's still 8.6% below the 10-year average for the month. Supply is improving at the edges, but it has a long way to go before it materially changes the balance of this market.
Segment Breakdown
Detached homes remain the core of the market, making up roughly 59% of all sales over the last three years. Row/townhouses are where competition is sharpest right now. The apartment segment is the one outlier — sales volume is down 26%, likely reflecting affordability pressure pushing entry-level buyers toward other options. Prices there are still rising, but the volume decline is worth watching.
A Shift at Both Ends of the Price Range
One trend in the year-to-date data worth noting: sales at the $700,000 and above price point are up compared to the same period in 2025. The $400,000 to $599,999 range remains the most active bracket, and both are trending ahead of last year.
At the other end, the $100,000 to $199,999 range has seen a decline — not because fewer people want entry-level homes, but because rising benchmark prices are pushing properties that used to sit in that range into higher brackets. The floor is moving up.
What This Means
Conditions remain firmly in your favour. With just over a month of effective supply and homes moving to an accepted offer in roughly 17 days, well-prepared listings are attracting attention. Price growth has been steady, and there's no data here suggesting a shift in momentum. The slight dip in benchmark price from March to April is too small to read as a trend — it looks like a pause, not a turn.
The market hasn't gotten easier. Inventory is historically low, competition in the detached and row/townhouse segments is real, and 1.1 months of effective supply doesn't leave much room to hesitate. That said, the marginal dip from March's record benchmark is worth noting as a potential early sign that price growth may be moderating slightly.
Continuing price appreciation across all segments, combined with tight supply, keeps the fundamental investment picture consistent with what we've seen over the past couple of years. The growth in higher-end sales activity and the uptick in multi-family transactions are both trends worth tracking as the year progresses.
If you're trying to make sense of what this means for your specific situation, I'm always happy to talk it through. Every neighbourhood tells a slightly different story, and the numbers change month to month. Reach out anytime.
