MORE CHOICE EMERGE AS SASKATCHEWAN’S HOUSING MARKET HEADS INTO FALL

Saskatchewan homebuyers are seeing encouraging signs of greater choice heading into the fall market, as new listings increased and inventory posted a modest year-over-year gain in September. 

There were 2,182 new listings throughout the month, up five per cent year-over-year. Provincial inventory also edged slightly above September 2025 levels, while months of supply improved nearly 13 per cent year-over-year to 3.63 months. Despite those gains, inventory remains nearly 40 per cent below the 10-year average and months of supply remains 48 per cent below historical norms.

The improvement in choice comes as demand remains healthy. Saskatchewan reported 1,361 residential home sales in September. While that was 11 per cent below last year’s levels, sales remained nine per cent above the 10-year average for the month. Through the first nine months of 2026, sales remain six per cent below the near-record pace established in 2026 but nearly 10 per cent above the 10-year average.

“For the second consecutive month, we’re seeing encouraging signs of more choice returning to Saskatchewan’s housing market,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. “New listings increased, inventory improved slightly from last year, and months of supply continued to move in the right direction. At the same time, sales remain above historical averages, which tells us demand for Saskatchewan housing remains healthy.”

Of the 4,940 units available across the province at month-end, more than 900 were conditionally sold and expected to leave the market. Accounting for those conditional sales, Saskatchewan entered October with 4,035 available residential units, representing 2.96 months of effective supply.

“We’re not declaring the supply challenge solved,” continued Guérette. “Inventory remains nearly 40 per cent below what we’d typically expect for September. But after spending much of this year watching buyers navigate historically tight conditions, continued movement toward greater choice is good news.”

Saskatchewan’s residential benchmark price stood at $376,700 in September, down from $381,600 in August but nearly three per cent higher than September 2025. The monthly decline aligns with typical seasonal trends, while all but three Saskatchewan communities continued to report year-over-year benchmark price gains.

“More choice creates opportunity for consumers,” said Guérette. “For buyers, it can mean a little more time to consider their options. For sellers, it reinforces the importance of understanding pricing and conditions in their local market. Saskatchewan remains competitive, but a market with more choice is ultimately a healthier market for everyone.”

Regional Highlights

The Swift Current-Moose Jaw region was the only region to report year-over-year sales gains in September, with sales up one percent year-over-year and 25 percent above the 10-year average. Despite modest sales declines in other provincial regions, four of the six regions reported sales well above the 10-year historical average for September.

While some regions welcomed inventory relief last month, supply challenges persist across nearly all regions of the province, ranging from 32 percent below historical trends in Swift Current-Moose Jaw to 43 percent below in the Prince Albert, Regina, Moose Mountain, and Yorkton-Melville regions.

Price Trends

While seasonal price trends bring month-over-month price declines across the province, all but three Saskatchewan communities saw year-over-year benchmark price gains in September.

North Battleford reported the strongest benchmark price growth for the month, with prices nearly 12 percent higher than September 2025. Other notable gains were seen in Meadow Lake (10 percent) and Humboldt (6 percent), with notable declines seen in Weyburn (9 percent) and Estevan (6 percent).

City of Regina

Regina reported 327 residential sales in September, down 13 percent year-over-year but outpacing the 10-year average for the month by nearly 15 percent.

Nearly 500 new listings came to market throughout the month, the third consecutive month with year-over-year gains. Of the 832 units available at month’s end, nearly 200 were conditionally sold and expected to leave the market. When accounting for conditional sales, Regina heads into October with 2.54 months of supply, up slightly from 1.72 in early September.

Regina’s residential benchmark price was $343,900 in September, down from $348,900 in August and three percent higher than September 2025. 

City of Saskatoon

Saskatoon reported 384 residential sales in September, down ten percent year-over-year but over eight percent above long-term, historical trends for the month.

New listings grew by over six percent year-over-year, the second consecutive month of new listing gains for the most supply-constrained market in the province. There were 1,053 units available at month’s end, 236 of which were conditionally sold, leaving 817 active units, or 2.13 months of supply heading into October.

Saskatoon’s residential benchmark price was $439,600 in September, down from $444,700 in August and nearly three percent higher than September 2025.