Spring is here and the Saskatoon market is moving. Here's what the MLS data told us this week.
195 total sales activity against 94 new listings. Demand is outpacing new supply by roughly 2:1 right now — inventory is being absorbed faster than it's arriving. For context, a balanced market usually sits closer to 1:1. We're well past that.
What's Selling Over Asking
33 of 87 firm solds (38%) went over list price this week. That's a big number. The biggest premiums landed in established neighbourhoods with limited inventory.
Two homes in Mayfair both sold in 2 days, going 20% and 24% over asking. These were entry-level properties ($149,900 and $169,900 listed) — likely competitive bidding from first-time buyers or investors. If you're seeing a pattern here, it's detached homes. 25 of the 33 over-asking sales were detached properties. That's where the strongest buyer demand is right now.
What's Hot — What's Not
🔥 Moving Fast
Busiest neighbourhood in the city. 21 conditionals and 7 firm solds against only 3 new listings. 28 sales on 3 new listings. Most firm solds at or above list.
11 conditionals, 4 firm solds on 7 new listings. Still absorbing faster than supply is arriving.
Zero new listings this week, but moved 5 conditionals and 3 firm solds. No competing listings — a strong position for any seller.
⟳ Finding Footing
All 3 firm solds came in under asking. Two sat 90+ days on the market. Sellers are still working through pricing expectations.
Plenty of activity but 4 of 6 firm solds went under asking. Softness is mostly in the attached and apartment segments.
Single sale at 126 days on market, nearly $10,000 under asking. Long sits like that usually come down to one thing: pricing.
By Property Type
Days on Market — What the Number Actually Means
The average DOM for firm solds this week was 25 days, with a median of 16. But here's what most people miss: most conditional sales have a roughly 14-day window before they go firm. So the DOM you see on a sold listing doesn't mean it sat that long without offers.
Subtract that 14-day conditional period and the real median time to accepted offer is closer to 2 days. The real average closer to 11. A lot of these homes had offers within the first week of hitting the market.
11 properties (13%) were essentially sold on day one — DOM of 7 days or less even with the conditional window factored in.
The Takeaway
Detached homes are driving this spring market. If it's priced right and in a desirable neighbourhood, it's getting offers fast and often going over asking. The apartment segment is still finding its footing — sellers there should expect some negotiation. Brighton, Rosewood, and Wildwood are absorbing inventory faster than it's coming on.
Every neighbourhood tells a different story, and the numbers change week to week. I put these reports together so you can see what's actually happening instead of guessing. If you have questions about your specific neighbourhood or situation, reach out anytime.
