Saskatoon's housing market kept easing toward balance in early November 2026. In the week of October 29 to November 4, 72 homes sold, down 26% from last year, while active inventory reached 933, about 9% higher. The average sale price was $430,955, up 1.9%, and October's official benchmark price was $431,700.

Published Monday, November 9, 2026 · Updated November 9, 2026 by Clayton McNally & Jessica Hamel, REALTORS®, RE/MAX Saskatoon

How Did Saskatoon's Market Do This Week?

Fewer homes sold than both last week and last year, but sellers brought a big wave of new listings to market. Inventory dipped slightly from last week while staying well above last year's level.

Source: local MLS® tracking, weekly figures (not official monthly statistics). Previous week from our November Week 1 report. Benchmark price from the Saskatchewan REALTORS® Association, October 2026.

How this week compares with last week. Sales slipped 10%, from 80 to 72, while new listings jumped 32%, from 104 to 137. That's nearly two new listings for every sale. Even so, active inventory edged down 2.5%, from 957 to 933, as some listings sold, expired or came off the market for the winter.

A note on average prices: the weekly average dipped 0.9%, from $434,984 to $430,955. Weekly averages move with the mix of homes that happen to sell, so the monthly benchmark price is the better guide to what a typical home is worth.

How Many Homes Are for Sale in Saskatoon Right Now?

Buyers had 933 active listings to choose from, about 9% more than at this time last year. That's slightly fewer than last week's 957, the first weekly dip in our recent reports, so it's worth watching whether inventory now starts its usual seasonal decline.

See what's new today with Saskatoon homes listed in the last 24 hours, or explore everything on our live MLS® map search.

What Do October's Official Numbers Say?

October was a normal month by long-term standards, just slower than a very busy October 2025. According to the Saskatchewan REALTORS® Association's October 2026 Saskatoon report:

• 363 residential sales, down 20% from October 2025 but in line with the 10-year average
• New listings down 9% year over year
• 1,004 total listings at month-end, with 224 conditionally sold, leaving 780 active listings
• 2.14 months of effective supply, still relatively tight
• Benchmark price: $431,700, down $7,900 (1.8%) from September but up 2.7% from October 2025
• Year-to-date sales remain more than 10% above long-term trends

New to terms like benchmark price or months of supply? Our Saskatoon Real Estate Glossary explains them in plain English. For the full monthly breakdown, read our November 2026 Market Report.

What Are We Seeing at Our Own Showings and Offers?

Patience is paying off for buyers who are prepared to walk away. Here's a recent example from our own team.

We recently showed a buyer several townhouses and wrote offers on a few of them. The offers were strong, but the sellers turned them down and countered higher. Rather than stretch past what the homes were worth to them, our buyer walked away. Then the seller of the townhouse our client liked most came back and said they would accept our client's original offer after all.

That's what a market with more inventory looks like. When buyers have other options, a strong, well-supported offer carries more weight, and sellers who counter too aggressively can lose the buyer. It also shows why it pays to know the comparable sales before you write an offer, so you know exactly where your walk-away number is.

Shopping for a townhouse yourself? Browse Saskatoon townhouses for sale. The SRA's October 2026 benchmark price for a Saskatoon townhouse was $351,500.

What's Happening With Bus Rapid Transit Land in Saskatoon?

The city is still negotiating rather than expropriating. On November 4, Saskatoon's transportation committee gave the city 30 more days to negotiate with six property owners whose land is needed for new Bus Rapid Transit (Link) station platforms, according to 650 CKOM and CTV News. Four of the properties are on 22nd Street West and two are on 8th Street East. The matter is expected to return to committee in December.

In related news, 650 CKOM reported on November 6 that a new city report pushes the full Link BRT launch back one year, to 2029, with some service improvements starting in 2027.

If you're buying or selling along these corridors, ask us how transit plans could affect a specific property. Our West Side and East Side neighbourhood guides are good places to start.

What Does This Mean for Buyers?

You have more choice and more leverage than a year ago, but well-priced homes still attract competition.

• More homes to compare. Active inventory is about 9% higher than last year. Bring our home viewing checklist to showings to compare homes side by side.
• Room to negotiate. Homes that have been sitting may be open to offers, as our townhouse buyer found. See how to know you're getting a great deal.
• The best homes still move. Get pre-approved and run your numbers with our mortgage calculator so you can act quickly when the right one comes up.

Wondering what your budget buys? Start with Browse by Price or see homes from $400K to $500K, right around Saskatoon's benchmark price. Create a free account on our live MLS® map search to save searches, favourite homes and get new-listing alerts.

What Does This Mean for Sellers?

Accurate pricing matters more now than at any point this year.

• Sales are behind last year's pace. Buyers are taking their time and comparing more homes. Start with a free home evaluation and a personalized prep checklist in My Selling Plan.
• Counter carefully. With more options available, buyers will walk away from a counter-offer that feels too high. A strong first offer is worth taking seriously.
• Neighbourhood comparables beat citywide averages. Check recent sold prices in your area before setting your price.

See what you'd walk away with using our seller net proceeds calculator, and read the Saskatoon Home Seller's Guide for the full process.

What's Our Market Takeaway?

Saskatoon is moving toward a more balanced market, but it isn't a buyer's market yet.

October sales were down 20% from last year, yet the benchmark price is still 2.7% higher than last October and effective supply sits at just 2.14 months. Buyers have more choice, but overall supply remains relatively tight.

The trend to watch heading through November is whether inventory starts its normal seasonal decline or stays elevated as sales slow.

For the clearest picture, look at your own neighbourhood, property type and price range. Our Neighbourhood & Community Comparison tool is a good place to start.

Want to know what this market means for you? Talk to Clayton and Jessica, your trusted Realtors. Call or text Jessica at 306.241.6029 or Clayton at 306.341.4401, or get in touch with our team for a no-pressure conversation.

Trusted Realty, Powered by RE/MAX Saskatoon
HousesInSaskatoon.com

More Saskatoon Market Updates & Tools

Previous reports: November 2026 Week 1 | November 2026 Monthly Report (official October numbers) | Warman & Martensville: October 2026 | October 2026 Week 4 | All market updates

For ongoing trends and plain-English explanations, visit our Saskatoon Real Estate Market hub, or browse every Saskatoon-area listing with our live MLS® map search.