DEMAND HOLDS FIRM AS SASKATCHEWAN SEES NEAR-RECORD 2025 SALES  

Saskatchewan’s housing market ended 2025 with one of the strongest performances in its history, recording the second-highest annual home sales total on record. Strong December activity capped off a year defined by sustained demand, tight supply and continued confidence across the province.  
 
Saskatchewan reported 792 home sales in December, a near three percent increase year-over-year and well above the 10-year average for the month. Strong December activity capped off the second-strongest sales year on record in Saskatchewan, with 16,222 sales across the province in 2025, up one percent from the 16,119 sales recorded in 2024. 
 
Despite modest monthly gains in new listings at various points throughout 2025, near-record demand continued to pressure supply, driving inventory to record-low levels during the year. In December, new listings declined by four percent year-over-year and remained well below historical norms. 
 
“Closing out 2025 with the second-highest sales year on record is a remarkable achievement for Saskatchewan’s housing market,” said Association CEO Chris Guérette. “This marks our 30th consecutive month of above-average sales – a level of sustained performance that’s rare and speaks to the strength of demand across the province.” 
 
Seasonal sales patterns allowed provincial months of supply to rise above four months in December. Even so, inventory levels were down 12 percent compared to December 2024 and ended the year nearly 50 percent below the 10-year average. Of the 3,410 units available at year-end, 540 were conditionally sold and expected to exit the market, leaving just 2,870 active listings heading into the new year. 
 
The province’s residential benchmark price stood at $359,000 in December, down slightly from $360,500 in November, in line with typical seasonal trends. Despite the modest month-over-month decline, benchmark prices were seven percent higher than the $337,800 reported in December 2024. 
 
“Saskatchewan’s housing market demonstrated remarkable strength and resilience in 2025, supported by population growth, employment gains, and a more favourable interest rate environment,” said Guérette. “Looking ahead to 2026, the most pressing challenge remains inventory. Demand continues to be there; the key question is whether supply can keep pace.”  

Regional Highlights 

The Prince Albert, Saskatoon-Biggar, Swift Current-Moose Jaw and Yorkton-Melville regions all reported sales that outpaced 2024 sales levels. While year-over-year sales gains were modest in those four regions, annual sales figures significantly outperformed historical trends. 

As seen throughout much of 2025, the Saskatoon-Biggar (2.9 months of supply) and Regina-Moose Mountain (4.1) regions continue to report the tightest market conditions in the province. Despite seasonal sales trends allowing the months of supply to improve in December, both regions continue to report supply levels over 50 percent below the 10-year average. 

Price Trends

As seen throughout 2024, strong demand paired with low inventory drove price gains across the province. This trend continued in December, with all but one community across the province reporting year-over-year sales gains to end the year. 

The City of Melville again reported the strongest monthly benchmark price growth, with prices up nearly 16 percent year-over-year. Other notable gains included Yorkton (14.3 percent), Swift Current (11.9), Humboldt (10.6), and Moose Jaw (8.1).  

City of Regina

Regina reported 164 sales in December, a 17 percent year-over-year decrease. Despite the significant monthly decline, sales remained four percent above long-term trends for the month. Notably, 2024 was a record sales year in Regina, and 2025 maintained a close pace, with year-to-date sales only down two percent compared to the 2024 record, and annual sales nearly 24 percent above the 10-year average. 

Inventory remains a challenge heading into the new year, as supply levels currently sit nearly 50 percent below the 10-year average. Of the 475 available units at year-end, 126 were conditionally sold and expected to leave the market, leaving just 349 active units heading into 2026. 
 
Regina's residential benchmark price was $330,900 in December, up from $329,300 in November and nearly seven percent above the $313,400 reported in December 2024.  

City of Saskatoon

Saskatoon reported 270 home sales in December, a year-over-year increase of six percent and nearly 24 percent above the 10-year average. With 5,113 annual sales, 2025 marks the second-strongest year on record in the Bridge City, up nearly two percent compared to 2024 and 22 percent above the 10-year average.
 
Consistent with trends seen throughout the year, Saskatoon remains the tightest market in the province, with just over two months of supply, and inventory levels 50 percent below the 10-year average. Of the 569 available units at year’s end, 130 were conditionally sold and expected to exit the market, resulting in 439 active units heading into January. 
 
Saskatoon reported a benchmark price of $417,700 in December, down slightly from $421,000 in November but over six percent higher than the $395,300 reported in December 2024. 

SASKATCHEWAN ON PACE TO SURPASS 2024 SALES LEVELS AS NOVEMBER ACTIVITY HOLDS STEADY 

Saskatchewan’s housing market posted another strong month in November, marking the province’s 29th consecutive month of above-average sales and keeping year-to-date activity on track to surpass 2024 levels with 15,430 sales to date. Saskatchewan reported 1,073 sales in November, a decrease of 106 sales, or nine percent, compared to November 2024. However, despite the year-over-year decline, monthly sales were over 12 percent above long-term, 10-year averages, underscoring the continued momentum across Saskatchewan’s housing market. 

“November’s statistics reinforce what we have been seeing all year,” said Association CEO Chris Guérette. “Strong demand, resilient activity and a market that continues to outperform expectations. We are on pace to exceed last year’s near-record sales, and we are doing that with significantly less inventory. That speaks to the strength of Saskatchewan’s industry and the confidence buyers have in this province.” 

There were 1,376 new listings throughout the month, up slightly compared to November 2024 but still well below historical averages. Despite moderate new listing relief, inventory levels are currently 45 percent below the 10-year average. With 708 of the 4,165 active properties reported conditionally sold and expected to exit the market, there were 3,457 available units across the province at the end of November. 

Saskatchewan reported a residential benchmark price of $360,500 in November, down from $362,700 in October. While the modest monthly decline aligns with typical seasonal trends, the residential benchmark price increased by over seven percent compared to November 2024. 

“Buyers continue to show confidence in our market despite tight conditions, and strong permit and start figures are encouraging,” said Guérette. “But we can’t overlook the impact of short-term policy proposals that restrict supply. Band-aid measures, like rent control, don’t create more homes; they simply make it harder for people to find them. Saskatchewan’s momentum depends on a coordinated, supply-focused approach from decision makers heading into 2026.” 

Regional Highlights 

All provincial economic regions reported year-over-year sales declines in November, with sales declines ranging from four percent in the Saskatoon-Biggar region to 40 percent in the Yorkton-Melville region. However, all regions except for Yorkton-Melville and Prince Albert reported sales levels above the 10-year average, while most remain on track to surpass 2024 sales levels. 

While the Saskatoon-Biggar region continues to report the tightest market conditions across the province, inventory levels are down considerably across the regions – ranging from 33 to 71 percent below the 10-year historical average. 

Price Trends

Home prices continued to rise across every region of the province in November, as all Saskatchewan communities reported year-over-year benchmark price gains for the seventh consecutive month. 

The City of Melville again reported the strongest monthly benchmark price growth, as prices were up 20 percent year-over-year. Other notable gains included Estevan (16 percent), Swift Current (15 percent), Yorkton (15 percent), Humboldt (13 percent), Weyburn (13 percent), and Meadow Lake (11 percent).   

City of Regina

Home prices continued to rise across every region of the province in November, as all Saskatchewan communities reported year-over-year benchmark price gains for the seventh consecutive month. 

The City of Melville again reported the strongest monthly benchmark price growth, as prices were up 20 percent year-over-year. Other notable gains included Estevan (16 percent), Swift Current (15 percent), Yorkton (15 percent), Humboldt (13 percent), Weyburn (13 percent), and Meadow Lake (11 percent).   

Regina reported a residential benchmark price of $329,300 in November, down from $334,100 in October. However, the modest price decrease aligns with seasonal trends and November prices were six percent higher than November 2024. 

City of Saskatoon

Saskatoon reported 372 sales in November, down two percent year-over-year. Despite the slight decrease compared to November 2024, sales were 25 percent above the 10-year average for the month. 

The province’s largest centre saw another month of rising new listings, but strong sales prevented any meaningful inventory relief, as supply levels continue to sit over 40 percent below historical averages. 

Of the 808 active units at month’s end, 217 were conditionally sold and expected to exit the market, resulting in 591 available properties heading into December. 

Saskatoon reported a residential benchmark price of $421,000 in November, up from $420,300 in October and over six percent higher than November 2024.

SECOND-BEST OCTOBER ON RECORD SPEAKS TO CONFIDENCE IN SASKATCHEWAN 

Saskatchewan’s housing market remained red-hot in October, recording 1,433 sales across the province, the second-highest total on record for the month. Although sales were down nearly six percent compared to last year’s record October, resale housing activity continues to outpace long-term trends. 

There were 1,922 new listings throughout the month, up 11 percent year-over-year but still below long-term trends. Despite the welcome increase in new listings, near-record October sales resulted in inventory levels remaining nearly 50 percent below the 10-year average. At month’s end, 828 of the 4,483 active properties were reported conditionally sold and expected to exit the market, leaving 3,655 available units across the province heading into November. 

“October marked the 28th consecutive month of above-average sales activity in Saskatchewan, an impressive streak that began in mid-2023,” noted Association CEO Chris Guérette. “Year-to-date sales remain over 20 percent above the 10-year average, keeping us on track to surpass 2024’s results, which was our second-strongest year on record.” 

Saskatchewan reported a residential benchmark price of $362,700 in October, down from $368,300 in September. Despite the monthly decline, which aligns with typical seasonal trends, prices were up nearly six percent compared to October 2024. 

“Notwithstanding persistent inventory constraints and broader economic uncertainty influenced by global factors, our market continues to demonstrate remarkable resilience,” said Guérette. “What we’re seeing right now really speaks to the confidence people have in Saskatchewan’s housing market, and in our province as a whole.” 

Regional Highlights 

The Saskatoon-Biggar region was the only region to report year-over-year sales gains, which is not unexpected following a record month in October 2024. However, all regions except the Northern region reported sales well above long-term, 10-year trends. 

As seen consistently throughout 2025, the Regina-Moose Mountain (2.63 months of supply) and Saskatoon-Biggar (2.38) continue to report the tightest market conditions in the province. However, all regions of the province are reporting inventory levels between 44 and 65 percent below the 10-year average. 

Price Trends

Home prices continued to rise across every region of the province in October, as all Saskatchewan communities reported year-over-year benchmark price gains for the sixth consecutive month. 

The City of Melville recorded the strongest benchmark price growth in October, as prices were up 22 percent year-over-year. Other notable gains included Yorkton (15 percent), Estevan (13 percent), Swift Current (13 percent), Humboldt (12 percent), and Weyburn (10 percent).   

City of Regina

Regina reported 362 sales last month, two sales shy of the October sales record set in 2024 and 41 percent above the 10-year average. 

Despite 447 new listings, near-record October sales failed to provide any inventory relief last month, as the Queen City is reporting less than two months of supply. Nearly 200 of the 720 active units were conditionally sold at month’s end, resulting in 532 available properties heading into November. 

Regina reported a residential benchmark price of $335,100 in October, down from $337,000 in September. The slight price decrease aligns with typical seasonal trends, and prices were five percent higher than in October 2024. 

City of Saskatoon

Saskatoon reported a record 455 sales in October, surpassing the prior record of 444 sales in October 2024, with sales 31 percent above the 10-year average. 

New listings were up 33 percent year-over-year, providing some much-needed inventory relief in the province’s largest centre. However, the surge in new listings was met with record sales, and Saskatoon is still reporting less than two months of supply. 

Of the 891 active units at month’s end, 229 were conditionally sold and expected to exit the market, resulting in 662 available properties heading into November. 

Saskatoon reported a residential benchmark price of $421,100 in October, down from $431,400 the month prior. Despite the month-over-month price decline, prices were still five percent higher than those in October 2024.

SEPTEMBER SURGE: SASKATCHEWAN HOUSING MARKET SEES NEAR-RECORD SALES 

Saskatchewan’s housing market showed no signs of slowing down in September, with 1,528 sales across the province marking the second-strongest sales on record for the month. Last month’s sales were up 10 percent year-over-year and 26 percent above long-term, 10-year trends for the province. Notably, September marks 27 consecutive months of above-average sales, reinforcing the province’s continued strength compared to broader national trends. 

While new listings saw a five percent year-over-year increase, they remained nine percent below the 10-year average. When paired with near-record September sales, inventory levels decreased by 14 percent year-over-year and remain over 40 percent below historical averages. With nearly 950 of the 4,896 active properties reported conditionally sold and expected to exit the market, there are 3,958 properties available across the province heading into October. 

“Demand for housing remains strong across Saskatchewan, reflected in near-record September sales following one of our busiest summers ever,” noted Association CEO, Chris Guérette. “Our province continues to chart its own path, defying national narratives and posting strong sales despite typical seasonal trends and ongoing inventory challenges.” 

The province’s residential benchmark price dipped to $368,300 in September, aligning with typical seasonal trends. Despite the slight month-over-month decline, prices were up seven percent compared to September 2024 as strong sales and limited inventory continue to fuel price gains across the province. 

“Sales volumes continue to outpace 2024 levels, our second-strongest year on record, and we’re 20 percent higher than the 10-year average through the first three quarters of 2025,” said Guérette. “While transaction volumes in the coming months will ease with seasonal trends, the sustained demand we’re seeing is beyond impressive, and all signs point to continued momentum as we look to finish the year strong.” 

Regional Highlights 

All six economic regions across the province reported year-over-year sales gains in September, with sales levels well above the 10-year average. 

While the Regina-Moose Mountain and Saskatoon-Biggar regions continue to experience the tightest market conditions in the province, all economic regions are reporting inventory levels well below what is typical for this time of year. Notably, the Swift Current-Moose Jaw, Yorkton-Melville, and Prince Albert regions currently have less than five months of supply. 

Price Trends

Home prices continued to rise across every region of the province in September, as all Saskatchewan communities reported year-over-year benchmark price gains for the fifth consecutive month. 

The City of Estevan reported the strongest benchmark price growth in September, with prices up 15 percent year-over-year, followed closely by Humboldt at 14 percent. Melfort, Weyburn, Moose Jaw, and Prince Albert also recorded double-digit gains. 

City of Regina

Regina reported 375 sales in September, outperforming August sales and defying typical seasonal trends. Sales were up 18 percent year-over-year and 37 percent above the 10-year average, marking the strongest September sales volume on record in the provincial capital. 

There were 469 new listings throughout the month, up 16 percent year-over-year. However, record September sales prevented any inventory relief. Over 200 of the 780 active units available at the end of the month were conditionally sold, resulting in 577 available properties heading into October. 

Regina reported a residential benchmark price of $337,000 in September, down from $341,300 in August and in line with seasonal trends. Despite the slight monthly dip, prices were five percent higher than September 2024. 

City of Saskatoon

Saskatoon reported 426 sales in September, down one percent year-over-year and over 20 percent above the 10-year average. 

New listings were up 11 percent year-over-year, as 726 new properties were added to the market. Despite this new listing relief, inventory levels remained relatively unchanged from August. With over 250 of the 942 active listings at the end of the month already conditionally sold, there are 678 available properties heading into September. 

Saskatchewan’s largest urban centre reported a residential benchmark price of $431,400 in September, down from a record $435,900 in August. Despite the expected seasonal price decline, prices were up seven percent compared to September 2024.

STRONG AUGUST SALES CAP OFF A BUSY SUMMER FOR RESIDENTIAL REAL ESTATE 

Building on a record-breaking July, Saskatchewan’s housing market continued to buck national trends in August, marking 26 consecutive months of above-average sales. With 1,559 transactions reported across the province – up nearly 4% year-over-year and 15% above the 10-year average  – Saskatchewan has wrapped up an exceptionally active summer, outpacing many other provinces.

Despite new listings declining by 5 percent year-over-year, provincial inventory levels remained nearly unchanged in August. Over 1,000 of the 5,168 active units available at month’s end were conditionally sold and expected to leave the market, resulting in 4,137 available units heading into September.  

“Saskatchewan’s housing market delivered another strong performance in August – not quite matching the record-breaking numbers from July, but clearly maintaining its momentum,” said Association CEO, Chris Guérette. “Year-to-date sales continue to surpass the near-record levels we saw in 2024, and I expect to close our third quarter statistics next month with the same intensity in sales and shortage of inventory.” 

The provincial residential benchmark price reached $372,200 in August, a slight dip from July’s record high of $372,700. While this modest month-over-month decline aligns with typical seasonal trends, the benchmark price was eight percent higher than in August 2024, highlighting sustained year-over-year price growth in Saskatchewan’s housing market. 

“Once again, Saskatchewan’s market is outperforming expectations, with another month of strong sales and notable price growth,” said Guérette. “While we anticipate some seasonal slowing in transaction volumes over the coming months, underlying demand remains strong across the province – and we expect that momentum to carry through the remainder of 2025.”

Regional Highlights 

The Prince Albert, Saskatoon-Biggar, Swift Current-Moose Jaw and Northern economic regions all reported year-over-year sales gains in August, with sales levels well above long-term, 10-year averages. 

Regina-Moose Mountain (2.9 months of supply) and Saskatoon-Biggar (2.4) continue to experience the province's tightest market conditions. Notably, five of the six provincial economic regions are reporting inventory levels at least 40 percent below 10-year averages. 

Price Trends

All Saskatchewan communities reported year-over-year price gains for the fourth consecutive month, while the City of Saskatoon set a new benchmark price record at $435,900. 

Seven communities reported double-digit price gains in August. Melfort saw the largest year-over-year increase, with prices nearly 19 percent higher than August 2024. Other notable gains included Humboldt (15 percent), Estevan (13 percent), Moose Jaw (12 percent), and Prince Albert (12 percent). 

City of Regina

Regina reported 356 sales in August, down eight percent year-over-year. Despite the year-over-year sales decline, August sales were still over 14 percent above the 10-year average. 

There were 465 new listings throughout the month, down seven percent compared to August 2024. When paired with above-average monthly sales, inventory levels remained relatively unchanged from the month prior. With over 200 of the 824 active units available at month’s end already conditionally sold, Regina is heading into September with 599 available units. 

The Queen City reported a residential benchmark price of $341,300 in August, down from a record $343,300 in July. However, despite the slight monthly price dip, prices were seven percent higher than those reported last August.  

City of Saskatoon

Saskatoon reported 451 sales throughout the month, down one percent year-over-year but still well above the 10-year historical average. 

New listings fell 10 percent year-over-year, with 650 properties added to the market in August. Despite declining new listings and above-average sales, inventory levels were consistent with the month prior. Nearly one-third of the 910 active listings at the end of August were conditionally sold, leaving just 643 units available heading into September. 

The Bridge City continues to set new price records, with a residential benchmark price of $435,900 in August – up from $432,700 in July and eight percent higher than August 2024.

PRICE SURGE CONTINUES AS JULY SMASHES SALES RECORDS 

Saskatchewan’s housing market continued its hot streak last month, with a July record 1,851 sales across the province — up 11 percent year-over-year and over 30 percent above long-term, 10-year trends. 

Following record July monthly sales, year-to-date sales have outpaced 2024 levels through the first seven months of 2025. Of note, 2024 was the province's second-best year for sales on record, underscoring the strength of the current market. 

Despite a year-over-year gain in new listings, record monthly sales resulted in province-wide inventory remaining unchanged from June. With over 1,000 of the 5,214 units available at the end of July already conditionally sold, only 4,174 active units remain heading into August. 

“Saskatchewan’s housing market continues to benefit from a strong and growing economy, record population growth, and the lowest unemployment rate in the country,” said Association CEO, Chris Guérette. “Our market is consistently surpassing expectations and outpacing many others across the nation, with a strong start to 2025 and now record-breaking monthly sales in July.” 

Twenty-five consecutive months of above-average sales, paired with persistent supply challenges, continue to drive prices higher across the province. In July, the provincial residential benchmark price hit an all-time high of $372,700, up from $370,700 in June and over eight percent higher than in July 2024. 

In addition to a new record provincial benchmark price, the cities of Humboldt, Meadow Lake, Melville, Regina, Saskatoon, Swift Current, and Yorkton recorded record benchmark prices in July. 

“We’ve now seen record prices across dozens of communities for three consecutive months – with year-over-year price growth in the high teens – something we’ve been warning about for months,” said Guérette. “We’re thrilled to see record demand and more people calling Saskatchewan home, but we need to keep building more, faster, if we want to maintain our affordability advantage.” 

Regional Highlights 

The Prince Albert, Regina-Moose Mountain, Saskatoon-Biggar, and Yorkton-Melville economic regions all reported year-over-year sales gains in July, with sales levels well above long-term, 10-year averages. 

Regina-Moose Mountain (2.6 months of supply) and Saskatoon-Biggar (1.9) continue to experience the province's tightest market conditions. 

Price Trends

All Saskatchewan communities reported year-over-year price gains for the third straight month, while six set new benchmark price records. 

Eight communities reported double-digit price gains in July, with Humboldt leading the way with prices nearly 17 percent higher than in July 2024. Other notable gains included Melville (16 percent), Melfort (14 percent), Moose Jaw (14 percent), Meadow Lake (13 percent), Yorkton (11 percent), Prince Albert (11 percent), and Swift Current (10 percent). 

City of Regina

Regina reported a July record of 412 sales, up over eight percent year-over-year and over 30 percent above the 10-year average. 

530 new listings (down one percent year-over-year) hit the market in July, but strong monthly sales prevented inventory relief. Over 200 of the 827 units available at month’s end were conditionally sold and expected to exit the market, leaving Regina with only 607 active units heading into August. 

Tight market conditions continue to drive record prices in the Queen City, as July’s benchmark price of $343,300 (up eight percent compared to July 2024) eclipsed the previous high of $343,200 in June. 

City of Saskatoon

Saskatoon reported a record-high 610 sales in July, up seventeen percent year-over-year and nearly 40 percent above long-term, 10-year averages. 

New listings rose 11 percent year-over-year, with 784 new listings hitting the market in July. However, despite the rise in new listings, inventory levels remain over 45 percent below the 10-year average. Over one-third of the 895 units available at month’s end are conditionally sold, resulting in only 594 active units heading into August. 

Saskatoon set another benchmark price record in July, as the Bridge City reported a benchmark price of $435,100, up from $432,700 in June and seven percent higher than in July 2024.