Saskatoon Real Estate Market Report: September 2026

Sales cool, listings grow and supply climbs past two months heading into October

By Clayton McNally October 9, 2026

Saskatoon Real Estate Market Report: September 2026

The official September numbers are in, and they confirm what we've been seeing on the ground for the past few weeks: Saskatoon's housing market is shifting gears. Sales are still healthy by historical standards, but more homes are coming to market and buyers finally have a little more breathing room. Here's the full breakdown, and what it means whether you're buying, selling or just keeping an eye on things.

September 2026 at a Glance

Based on the monthly data from the Saskatchewan REALTORS® Association (SRA), here are the headline numbers for the City of Saskatoon:

384 residential sales, down 10% year-over-year but more than 8% above long-term historical trends for September
New listings up more than 6% year-over-year, the second straight month of new-listing gains
1,053 units available at month's end, with 236 conditionally sold
817 active listings, or 2.13 months of supply heading into October
Benchmark price: $439,600, down from $444,700 in August and nearly 3% higher than September 2025

Sales: Slower Than Last Year, Still Above Normal

A 10% year-over-year drop in sales sounds dramatic on its own, but context matters. This September's 384 sales still came in more than 8% above the long-term average for the month. In other words, demand hasn't disappeared. It's easing back from last year's pace while staying comfortably above what's typical for a Saskatoon September.

For a week-by-week view of how the month unfolded, see our October Week 1 market report, which covered the final full week of September.

Listings & Inventory: The Real Story This Month

Saskatoon has been the most supply-constrained market in Saskatchewan, so the inventory numbers are the ones to watch. New listings grew by more than 6% year-over-year, the second month in a row of gains following August's strong increase.

At the end of September there were 1,053 homes available. But 236 of those were already conditionally sold, which leaves 817 truly active listings for buyers to choose from. That works out to 2.13 months of supply, up noticeably from the 1.63 months reported heading into September in our August market report.

Months of supply estimates how long it would take to sell every active listing at the current pace of sales if no new homes came to market. Saskatoon is still a lean market by most measures, but a move from roughly a month and a half to just over two months is a meaningful shift in a short time.

Prices: A Small Monthly Dip, Still Up Year-Over-Year

Saskatoon's benchmark price came in at $439,600 in September, down $5,100 (about 1.1%) from August's $444,700. Year-over-year, prices are still nearly 3% higher than September 2025.

A small month-over-month dip in the fall is not unusual and isn't a sign that values are falling. What it does show is that the steady upward pressure we saw through the spring and summer has eased as more listings come on. If you're curious what that benchmark looks like in real homes, browse current Saskatoon homes from $400K to $500K, or use our Browse by Price page to see what your budget buys right now.

What This Means for Buyers

This is the most choice Saskatoon buyers have had in a while. With more than 800 active listings and supply above two months, you're less likely to face a bidding war on every home you like, and you may have a bit more time to make a decision and include conditions like financing and a home inspection.

Get your financing lined up first. Run your numbers with our mortgage calculator and get pre-approved so you can act when the right home appears.
Watch new listings closely. The best-priced homes still move quickly. Check the Saskatoon homes listed in the last 24 hours page often.
Know what to look for. More choice means more viewings. Our home viewing checklist helps you compare homes side by side.
Start with a plan. Our free Saskatoon Buyer's Guide walks you through every step, from pre-approval to possession day.

Keep in mind that 236 homes were conditionally sold at month's end. Good homes are still getting snapped up, so being prepared is still the biggest advantage you can have.

What This Means for Sellers

Sellers are still in a solid position. Sales remain above long-term norms and prices are up nearly 3% from a year ago. But with more competition on the market, buyers are comparing more homes, and the ones that stand out are the ones that are priced right and show well.

Price to today's market, not last spring's. Start with a free home evaluation and check recent sold prices in your area.
Know your bottom line. Our seller net proceeds calculator estimates what you could walk away with after selling costs and your mortgage.
Prepare before you list. My Selling Plan builds a personalized plan and room-by-room prep checklist so your home makes a strong first impression.
Moving within Saskatoon? With more inventory to choose from, the timing question matters. Try our Buy or Sell First tool.

For the full step-by-step selling process, read our Saskatoon Home Seller's Guide.

The Bottom Line

September 2026 marks a clear transition for Saskatoon real estate. Sales have cooled from last year's pace but remain above historical norms, new listings are growing, supply has moved above two months, and prices are holding nearly 3% higher than a year ago despite a small monthly dip. It's a more balanced market than we've seen in some time, with real opportunities on both sides of the deal.

For ongoing market trends and plain-English explanations, visit our Saskatoon Real Estate Market hub.

Want to know what these numbers mean for you? Whether you're buying your first home, moving up, downsizing or wondering what your home is worth in today's market, we're happy to help. Call or text 306.341.4401 or get in touch with Clayton and Jessica for a no-pressure conversation.