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.