Saskatoon Housing Market Update – July 2025 Sets New Records

Saskatoon’s housing market continues to heat up this summer, with June 2025 showing strong activity across the board. Let’s dive into the numbers and what they mean for buyers, sellers, and investors.

Sales Bloom

• Saskatoon reported 610 home sales—a 17% increase year-over-year, and an eye-popping 38% above the 10-year average. This makes July one of the busiest months in recent memory.
• The benchmark price hit $435,100, up from $432,700 in June and marking a 7% jump compared to July 2024. This sets a new all-time high for the city and reflects strong buyer demand across all home types.
• Even with 784 new listings (up 11% year-over-year), inventory remains constrained. The city ended the month with 895 active listings, over one-third of which were conditionally sold—leaving just 594 truly active listings moving into August.

Inventory Still Tight

Even with 784 new listings (up 11% year-over-year), inventory remains constrained. The city ended the month with 895 active listings, over one-third of which were conditionally sold—leaving just 594 truly active listings moving into August.

Months of Supply Drops

The market is tighter than ever, with just 1.47 months of supply, well below the norm. This is a strong indicator of a seller’s market and suggests continued upward pressure on prices.

Takeaway

Despite more listings entering the market, demand continues to outpace supply, pushing prices up and keeping competition fierce. If you’re thinking of buying or selling, it’s more important than ever to work with an experienced agent who can navigate this fast-paced market.

Stats

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