SASKATCHEWAN’S SUMMER MARKET CONTINUES TO FEEL THE EFFECTS OF HISTORICALLY LOW INVENTORY 

Summer is traditionally the busiest season for Saskatchewan’s housing market, offering buyers the greatest selection of homes and sellers the largest pool of active buyers. This year, however, consumers continue to face a market where choice remains limited despite the seasonal increase in activity.

Saskatchewan reported 1,653 residential home sales in July, down 11 per cent compared to the record-setting pace of July 2025 but still well above long-term historical levels. Sales through the first seven months of 2026 remain more than eight per cent above the 10-year average, reflecting continued strength in the province’s housing market.

While 2,453 new listings came onto the market in July, inventory continues to trail historical norms. There were 4,792 properties available across the province at month-end, nearly 950 of which were already conditionally sold. When those properties are removed, Saskatchewan enters August with just 3,858 active residential listings, or 2.33 months of supply, more than 50 per cent below the provinces long-term average for this time of year.

“Summer is usually when buyers expect to have the most choice, but this year the market continues to feel much tighter than people would expect,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. “While sales have moderated from last year’s record pace, they remain well above historical averages, and inventory continues to lag behind. For consumers, that means finding the right home can still require patience, preparation and a clear understanding of what’s happening in their local market.”

Persistent supply challenges continue to have an impact on home prices across Saskatchewan. While the provincial benchmark price eased modestly from June’s record high, it remained nearly four per cent above last year.

The combination of historically low inventory and continued price growth means buyers and sellers continue to make important financial decisions in a market that remains fundamentally different from what Saskatchewan has traditionally experienced during the summer months.

“Markets like this reinforce the importance of local knowledge and trusted advice,” said Guérette. “Every community across Saskatchewan is experiencing these conditions in a different way. Whether someone is buying their first home, relocating to another community or preparing to sell, understanding local inventory, pricing and market has never been more important. A REALTOR® helps consumers navigate those decisions with confidence, backed by real-time knowledge.”

Saskatchewan continues to experience one of the tightest housing markets in its history. As the summer market progresses, inventory levels will remain one of the most important indicators to watch in determining whether buyers gain additional choice heading into the fall. 

Regional Highlights

All provincial economic regions reported year-over-year sales declines in July, except for the Northern region. Despite the monthly declines, those five economic regions continue to report sales well above the 10-year historical average. All six economic regions also reported year-over-year price gains in July.

While the province’s two largest regions saw some inventory relief compared to June,  Saskatoon-Biggar (2.10 months of supply) and Regina-Moose Mountain (2.57) continue to report the tightest market conditions in the province.

Price Trends

All but two Saskatchewan communities reported year-over-year price gains in July. While price gains were less significant than in recent months, six communities set new benchmark price records in July – marking the fourth consecutive month of record prices being reported across the province.

The City of Estevan reported the strongest monthly benchmark price growth for a second consecutive month, with prices up 8 per cent year-over-year. Other notable gains were seen in North Battleford (6 per cent), Humboldt (6 per cent), and Melville (6 per cent).

City of Regina

Regina reported 382 residential sales in July, down seven percent year-over-year but over 18 percent above the 10-year average for the month.

New listings improved modestly throughout the month, but steady sales once again prevented any meaningful inventory relief. Of the 755 units available at month’s end, 208 were conditionally sold and expected to leave the market. When factoring in conditional sales, Regina heads into August with 1.43 months of supply.

Regina’s residential benchmark price was $349,800 in July, down from the prior record of $356,400 set in June and three percent higher than July 2025.

City of Saskatoon

Saskatoon reported 539 residential sales in July, down 11 percent year-over-year. Despite the monthly decline, sales levels were 18 percent above the 10-year average.

New listings improved modestly throughout the month, but above-average sales continue to prevent significant inventory relief. There were 928 available residential units at month’s end, 244 of which were conditionally sold, resulting in 684 active units or 1.27 months of supply heading into August.

Saskatoon’s residential benchmark price was $447,600 in July, down from the record $448,400 in June but nearly four percent higher than July 2025.