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.