Welcome back to the Saskatoon Real Estate Week in Review. Each week, we take a clear, data-driven look at local real estate activity to help place short-term market movements into proper context.
Executive Snapshot
86 residential sales, compared to 121 one year ago
148 new listings, compared to 189 last year
921 active listings, compared to 880
Average sale price: $495,720, compared to $416,486 in 2025
October began with softer sales and fewer new listings than the same period last year. Active inventory, however, remained above 2025 levels, giving buyers more selection despite a recent decline in the number of available properties.
The average sale price increased substantially, although several higher-priced transactions influenced the weekly figure. As always, broader pricing trends provide a more reliable picture of changes in property values.
Key takeaway: Saskatoon enters October with fewer sales and new listings than a year ago, but more available inventory. Buyers continue to benefit from improved selection, while sellers are facing greater competition for attention.
Sales Activity
A total of 86 residential properties sold during the reporting period, compared to 121 during the same period in 2025—a decline of approximately 29%.
That's a considerable year-over-year difference and continues the softer sales activity we've observed over the past several weeks.
Year-to-date, our weekly tracking shows 3,916 sales in 2026 compared to 4,144 at this point last year, a difference of approximately 5.5%.
It's worth noting that this reporting period covers October 1–6 rather than a full seven days. We should therefore be cautious about comparing its sales volume directly with previous full-week totals.
The year-over-year comparison nevertheless suggests that buyer activity has been running below last year's pace.
New Listings & Inventory
New listing activity also slowed, with 148 properties coming to market compared to 189 during the same period last year—a decline of approximately 22%.
Active inventory stood at 921 listings, compared to 880 one year ago, an increase of nearly 5%.
Interestingly, inventory declined from 965 listings the previous week. That means buyers still have more properties available than they did at this time last year, but the total number of available homes is beginning to ease.
This is an important distinction as we move into the fall market.
Inventory often declines seasonally as fewer new properties are listed. The question now is whether the reduced supply will be matched by slower sales activity, allowing inventory to remain above last year's levels.
Pricing Trends
The average sale price was $495,720, compared to $416,486 during the same period last year—an increase of approximately 19%.
That's a substantial difference, but one that requires careful interpretation.
Weekly average prices can be significantly influenced by the types and price ranges of properties sold. This week's transactions included several higher-priced homes, including sales approaching or exceeding $2 million.
Those transactions can have a considerable impact on the average, particularly during a week with fewer overall sales.
For broader perspective, the Saskatchewan REALTORS® Association reported a residential benchmark price of $444,700 in August, approximately 3% higher than August 2025.
That broader measure suggests considerably more moderate year-over-year price growth than this week's average sale price alone might indicate.
What This Means Right Now
For buyers: Active inventory remains above last year's level, providing more selection as we move into October. While the number of available properties has recently declined, buyers may still find more opportunities to compare homes and make informed decisions than during the tighter periods earlier this year.
For sellers: Sales activity has softened, and buyers have more properties to choose from. Accurate pricing, strong presentation and effective marketing remain essential for attracting attention in a more competitive environment.
What we're watching: Whether inventory continues its seasonal decline throughout October and whether sales activity stabilizes as the fall market progresses.
Closing Summary
October begins with a somewhat different picture than we saw earlier in the year.
Both sales and new listings were below the same period in 2025, while active inventory remained higher year over year.
Although the number of available homes declined from the previous week, buyers continue to have more selection than they did at this point last year.
Meanwhile, the unusually high weekly average sale price serves as a reminder that short-term pricing figures don't always reflect broader market conditions.
As we move further into October, the relationship between sales activity, new listings and available inventory will help determine whether Saskatoon continues moving toward more balanced conditions.
How We Can Help
If you're considering buying or selling and would like to understand how these market trends apply to your specific situation, our team is always happy to have a conversation—even if you're simply looking for clarity on timing, pricing, or next steps.
We help clients navigate the Saskatoon market with clear strategy, local insight, and data-driven guidance, whether you're planning a move this year or simply staying informed.
Thanks for following along,
Irwin Realty & Associates
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