Fall is here and so are September's numbers. Here is the short version: prices are still up from last year, but September gave Saskatoon buyers more homes to choose from than any other month in 2026, and fewer of them sold.
- Benchmark price: $439,600, up 2.5% from last September but down from $444,700 in August
- 1,053 homes for sale at month end, up 11.4% from last year
- Just one sale for every two new listings, the lowest ratio of 2026
- Homes sold for 99.4% of list price on average, down from 100.4% a year ago
September 2026 at a glance
| Measure | September 2026 | vs. September 2025 | vs. 10-year average |
|---|---|---|---|
| Benchmark price | $439,600 | +2.5% | Aug 2026: $444,700 |
| Average price | $440,246 | +5.6% | — |
| Sales | 384 | −9.9% | +8.3% |
| New listings | 772 | +6.3% | — |
| Sales to new listings | 0.50 | 0.59 last year | Lowest of 2026 |
| Inventory | 1,053 | +11.4% | −30.6% |
| Months of supply | 2.74 | 2.22 last year | Avg: 4.61 |
| Days on market | 29 | Same | Avg: 44 |
| Sale price to list price | 99.4% | 100.4% last year | — |
Supply is up, but we are not close to a buyer's market
There were 1,053 homes for sale at the end of September, up 11.4% from last year.
Months of supply, which is how long it would take to sell every listing at the current pace, rose to 2.74 from 2.22 a year ago. That is a real shift. It is also still well under the ten-year average of 4.61, and inventory sits 30.6% below its ten-year average.
Source: SRA Saskatoon, September 2026.
Two new listings for every sale
Sellers listed 772 homes. Buyers bought 384.
That works out to a sales-to-new-listings ratio of 0.50, down from 0.59 last September and the lowest reading of 2026. In June, nearly everything that came on the market got absorbed. September is the first month this year where listings clearly outran buyers.
Source: SRA Saskatoon, September 2026. Sales were still 8.3% above the ten-year September average.
Prices: up on last year, softer than August
The benchmark price was $439,600, up 2.5% from September 2025 and down from $444,700 in August.
The average price rose 5.6% to $440,246. Those two numbers can disagree because they measure different things. The benchmark tracks a consistent type of home over time. The average reflects whichever homes happened to sell that month. When you want to know what values are doing, trust the benchmark.
The direction over the last few months is worth noticing. The benchmark hit a record $448,400 in June and has eased since.
Source: SRA Saskatoon, June, August and September 2026 reports (July not shown). The vertical scale is truncated, so the drop looks steeper than it is: September is about 2% below June.
A dip from a record is not a collapse, and the market is still 2.5% ahead of last year. But it does tell you the summer's momentum has faded.
Homes are now selling slightly under list
The average home sold for 99.4% of its list price in September. Last September it was 100.4%.
On a $450,000 list price, that is the difference between paying about $1,800 over and about $2,700 under. It is an average, not a promise for any one home. A well-priced home in a good location can still attract competing offers. An overpriced one will not.
Source: SRA Saskatoon, September 2026. Scale runs from 98.5% to 101%.
How fast homes are selling
Days on market came in at 29, the same as last September and well under the ten-year average of 44.
Remember that days on market is measured to a firm sale, and most Saskatoon deals sit conditional for a couple of weeks first. The time from listing to an accepted offer is shorter than the headline number suggests.
Detached, condos, and townhouses
The citywide numbers hide three quite different stories.
| Segment | Sales | Sales y/y | Benchmark | Benchmark y/y | Days on market |
|---|---|---|---|---|---|
| Detached | 243 | −5% | $509,500 | +3.2% | 28 |
| Apartment condo | 62 | −29% | $265,200 | +2% | 31 |
| Row / Townhouse | 64 | +8% | $359,400 | Flat | 29 |
Source: SRA Saskatoon, September 2026.
Detached homes are the bulk of the market. Sales slipped 5%, but the benchmark is up 3.2% to $509,500, so values are holding.
Apartment condos were the quietest part of the market: 62 sales, down 29%, with a benchmark of $265,200, up 2%. If you are a parent buying a condo for a university student, that means more time to compare buildings and read the condo documents.
Townhouses went the other way. Sales were up 8% to 64, with a benchmark of $359,400, flat from last year.
What this means for buyers
You have more room than you did a year ago, and you are no longer the one making all the concessions. Homes are selling a little under list on average, and there are more options in every price range.
- Get your pre-approval sorted first. Then you can take your time looking and still move when the right one comes along.
- Homes are still selling in 29 days against a ten-year average of 44, so it is not a market where you can wait indefinitely on a good one.
- Condo buyers have the most leverage right now. Townhouse buyers have the least.
- The average sale price is an average, not a promise. Ask for the recent comparable sales on any home you want to offer on.
What this means for sellers
Your home is worth more than it was a year ago. The benchmark is up 2.5% from last September. What changed is the company you keep: new listings are up 6.3% and sales are down 9.9%, so buyers can now compare your home to more of your neighbours.
- Price it against the homes for sale today, not the sales from last spring.
- A home priced right in week one still sells in about four weeks.
- The benchmark has slipped from $444,700 in August, so last month's comparable may already be a little rich.
The Bank of Canada
The Bank of Canada held its policy rate at 2.25% on September 2. The next announcement is October 28, 2026. Your mortgage broker is the right person to tell you what that means for your payments.
The honest summary
September was still a healthy month by Saskatoon's long-run standards: sales above the ten-year average, supply well below it, and prices ahead of last year. But the direction of travel changed. More listings, fewer sales, a softer benchmark than August, and homes selling just under list.
That is not a warning sign. It is a market that has caught its breath after a strong summer, and it favours buyers a little more than it did in June. The citywide numbers only get you so far, so if you would like to know what this looks like for your neighbourhood or your type of home, I am happy to pull the local data.
Want to talk it through? Reach out and I will walk you through it. No pitch, just the plan.
Get in touch →Sources: Saskatchewan REALTORS® Association (SRA), Saskatoon monthly report, September 2026; Bank of Canada, September 2, 2026.