05/05/2023
MLS Monthly Statistics
Provided: Saskatchewan Realtors Association (SRA)
November 2025 Market Statistics
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.
October 2025 Market Statistics
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 2025 Market Statistics
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.
August 2025 Market Statistics
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.
July 2025 Market Statistics
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.
June 2025 Market Statistics
STRONG JUNE SALES FUEL CONTINUED RECORD PRICE GROWTH
Saskatchewan reported 1,768 home sales in June, marking it the third busiest June on record. June sales were up six percent year-over-year, and nearly 15 percent above long-term, 10-year averages.
Despite economic headwinds and persistent supply challenges throughout the first half of 2025, Saskatchewan’s housing market closed the year’s second quarter with sales consistent with 2024 levels. Notably, 2024 was the province’s second strongest year of sales on record.
While monthly sales remain strong, a year-over-year gain in new listings contributed to a modest inventory gain in June. However, with nearly 1,100 of the 5,215 units available at the end of June already conditionally sold, only 4,144 active units remain at the beginning of July, while inventory levels remain over 40 percent below the 10-year average.
“We’ve now seen monthly sales levels outpace the 10-year average for two whole years; that’s an incredible story that Saskatchewan is telling right now,” noted Association CEO Chris Guérette. “Near-record sales in 2024 and the strong start we’ve seen in 2025 – all while navigating the worst inventory challenges we’ve seen since 2007 – it’s beyond impressive.”
Above-average sales and ongoing inventory challenges continue to support price growth across the province. In June, the provincial residential benchmark price hit an all-time high of $370,700, up from $369,500 in May and eight percent higher than June 2024.
In addition to a new record provincial benchmark price, the cities of Humboldt, Martensville, Melville, Moose Jaw, Swift Current, Regina, and Warman recorded record benchmark prices for the second consecutive month.
“We’re seeing record price growth for a second consecutive month - as high as 16 percent year-over-year in some markets - which speaks to the supply and demand challenges we’re experiencing right now,” said Guérette. “Despite these challenges, we’re encouraged by consecutive months of strong housing start figures and remain hopeful that supply relief is on the way.”
Regional Highlights
The Prince Albert, Regina-Moose Mountain, Saskatoon-Biggar, and Yorkton-Melville economic regions reported year-over-year sales gains in June, with sales levels well above long-term, 10-year averages.
As seen in prior months, the Regina-Moose Mountain (2.76 months of supply) and Saskatoon-Biggar (2.01) continue to experience the tightest market conditions in the province.
Price Trends
All Saskatchewan communities reported year-over-year price gains for the second straight month, while seven set new benchmark price records in June.
Moose Jaw led the way in year-over-year price growth, with prices nearly 16 percent higher than in June 2024. Other notable gains included Humboldt (15 percent), Melville (11 percent), Meadow Lake (10 percent), and Prince Albert (9 percent)
City of Regina
Regina reported 402 sales in June, up over six percent year-over-year and nearly 17 percent above the 10-year average.
568 new listings (up eight percent year-over-year) hit the market in June, contributing to a modest inventory increase from May. However, of the 818 units available at month’s end, 207 are conditionally sold and expected to exit the market, leaving Regina with only 611 active units heading into July.
Tight market conditions continue to drive record prices in the Queen City, as June’s benchmark price of $343,200 (up eight percent compared to June 2024) eclipsed the previous high of $340,800 in May.
City of Saskatoon
Saskatoon reported 575 sales in June, the second-largest number of sales on record for the month. June sales were up seven percent year-over-year and 22 percent above long-term, 10-year averages.
New listings rose 18 percent year-over-year, with 789 new listings hitting the market in June. Despite the rise in new listings, inventory levels remain 45 percent below historical averages for this time of year. Of the 937 units available at month’s end, over one-third are conditionally sold, leaving only 600 active units heading into July.
Saskatoon’s streak of record benchmark gains ended in June, as the Bridge City reported a benchmark price of $432,700, down from $433,700 in May but still over seven percent higher than Jun
May 2025
SASKATCHEWAN DEFIES NATIONAL TRENDS AS PRICE SURGE CONTINUES
Saskatchewan recorded 1,750 home sales in May, a five percent decrease compared to May 2024. However, sales remained over 16 percent above the province’s 10-year average for the month of May. Following a near-record year in 2024, year-to-date sales have also declined by nearly three percent through the first five months of 2025, but continue to outperform long-term, historical trends.
Despite strong monthly sales, inventory levels increased compared to the month prior, with 5,008 available units across the province at month’s end. While this modest inventory gain offered some relief, over 900 of these units are conditionally sold and expected to leave the market, while inventory levels remain over 40 percent below the 10-year average.
“Our province’s housing market continues to exceed expectations, with May marking 23 consecutive months of sales above the 10-year average,” said Association CEO Chris Guérette. “The key takeaway isn’t the slight year-over-year sales dip following a near-record 2024 – it is our market’s continued resilience amid economic uncertainty and persistent supply challenges.
”Tight market conditions continued to drive further gains this month, as the province’s residential benchmark price rose to a record-high $369,500 in May, up from $360,500 in April and nearly nine percent higher than May 2024.
Significant price gains were not limited to the provincial benchmark price in May, as the cities of Humboldt, Martensville, Meadow Lake, Melville, Melfort, Moose Jaw, North Battleford, Prince Albert, Regina, Saskatoon, Swift Current, and Warman all reported record benchmark prices this month.
“Record benchmark prices across nearly a dozen communities in May, with price gains as high as 18 percent year-over-year, is quite significant,” noted Guérette. “We’re optimistic that market conditions will trend more towards balance in the coming months, but we see the impact it can have on housing prices when the market is this tight.”
Regional Highlights
The Yorkton-Melville and Swift Current-Moose Jaw regions reported year-over-year sales gains in May, while other regions reported sales declines compared to near-record 2024 sales levels.
The Regina-Moose Mountain and Saskatoon-Biggar regions continue to experience the tightest market conditions in the province, as both regions report less than two-and-a-half months of supply heading into June.
Price Trends
All regions of the province reported year-over-year price gains in May, with 11 communities setting new benchmark price records.
The City of Humboldt led the way in price gains for a second consecutive month, with prices nearly 18 percent higher than May 2024. Other notable gains include Meadow Lake (up 14 percent), Moose Jaw (13 percent), Prince Albert (12 percent), North Battleford (11 percent), and Melfort (10 percent).
City of Regina
The City of Regina reported 422 sales in May, down three percent year-over-year and over 23 percent above long-term, 10-year trends.
There were 622 new listings in May, up over 11 percent year-over-year and in line with historical averages for May. Despite some new listing relief, 172 of the 755 units available at the end of the month were conditionally sold, with 543 active units, or 1.8 months of supply, heading into June.
Regina reported a record benchmark price of $340,800 in May, up from $335,500 in April, and nearly seven percent higher than May 2024.
City of Saskatoon
Saskatoon reported 544 sales in May, down nearly five percent year-over-year but nearly 20 percent above the 10-year average.
New listings increased by 13 percent year-over-year and were in line with 10-year trends for May. Notably, nearly 300 of the 881 units available at the end of May were conditionally sold, resulting in 555 active units or 1.6 months of supply at the beginning of June.
Prices continue to surge in Saskatoon, as the Bridge City reported a new record benchmark price of $433,700 in May, up from $422,600 in April and over nine percent higher than May 2024.
April 2025
RECORD HOME PRICES IN APRIL AS INVENTORY REMAINS TIGHT ACROSS SASKATCHEWAN
Saskatchewan reported 1,470 home sales in April, marking a 10 percent decline compared to April 2024, the second-strongest April on record in our province. However, despite the year-over-year dip, sales remained significantly above the 10-year average for the 22nd consecutive month — a clear sign of continued market strength.
New listings were also down, falling over seven percent year-over-year and sitting 17 percent below the 10-year average. These persistent supply shortages continue to limit inventory recovery, even as sales ease slightly.
“Our market continues to demonstrate remarkable resilience, with 22 straight months of sales outperforming long-term trends,” said Association CEO, Chris Guérette. “Although sales decreased in April compared to last year, this isn’t a demand issue — it's an inventory issue. The current inventory situation directly impacts our market’s ability to sustain even higher sales.”
At the end of April, there were 4,371 active listings across the province — up slightly from 3,851 in March. Despite this monthly increase, inventory was still down 18 percent year-over-year and remains nearly 50 percent below the 10-year average.
Tight market conditions continue to drive higher home prices, as Saskatchewan’s residential benchmark price rose to a record-high $360,500 in April —up from $353,600 in March and more than 6 percent higher than April 2024.
“We’re pleased to see our market weathering both economic uncertainty and ongoing supply challenges,” Guérette added. “It remains a challenging time for prospective buyers, but we’re cautiously optimistic that the slight rise in inventory this month is a step in the right direction.”
Regional Highlights
Nearly every economic region in the province reported year-over-year sales declines in April. However, the Yorkton-Melville region was an outlier, reporting sales eight percent higher than April 2024 and over 18 percent above long-term, 10-year trends.
The Regina-Moose Mountain and Saskatoon-Biggar regions continue to experience the tightest market conditions in the province, as both regions report less than two-and-a-half months of supply heading into May.
Price Trends
Despite modest year-over-year sales declines, supply challenges and competitive market conditions resulted in price gains across nearly all regions of the province in April.
The City of Humboldt reported benchmark price gains of nearly 12 percent in April, while Melfort (11.3 percent), Moose Jaw (10.9 percent), Prince Albert (8.0 percent) and North Battleford (6.9 percent) all reported notable gains.
City of Regina
The City of Regina reported 365 sales in April, down 13 percent year-over-year but still well outpacing long-term, 10-year averages by over 26 percent.
There were 494 new listings in April, down four percent year-over-year and over seven below the 10-year average. Of note, 179 of the 636 units available at month’s end were already conditionally sold, leaving just 457 active units heading into May.
Regina reported a record benchmark price of $335,500 in April, up from $326,300 in March and over five percent above April 2024.
City of Saskatoon
Saskatoon reported 440 sales in April, down nearly 16 percent year-over-year but 11 percent above the 10-year average.
New listings declined by 12 percent year-over-year and over 18 percent below long-term trends. Of the 681 available units at month’s end, 230 were conditionally sold, leaving just 451 units on the market with active status.
Saskatoon continues to set new price records, with a benchmark price of $422,600 in April, up from the prior record of $415,900 in March and over seven percent above April 2024.
March 2025
SURGING SALES DRIVE INVENTORY TO NEW LOWS AHEAD OF SPRING MARKET
Saskatchewan’s housing market continues to exceed expectations and defy national trends, with 1,277 sales across the province in March – up over eight percent year-over-year and 13 percent above long-term, 10-year averages.
New listings decreased by 2 percent year-over-year and remain nearly 30 percent below long-term trends. When paired with the twenty-first consecutive month of above-average sales, inventory levels continue to worsen across many areas of the province.
“Notwithstanding economic uncertainty and the ongoing threat of tariffs, Saskatchewan’s housing market remains remarkably resilient, once again posting above-average monthly sales,” said Association CEO Chris Guérette. “Many markets across the country are going to tell a very different story this month, which highlights the strength of our market – even in the face of significant headwinds.”
At month's end, 4,023 units were available across the province, up from 3,851 last month. Despite the slight month-over-month increase, inventory levels dipped by 21 percent year-over-year, remaining nearly 50 percent below the 10-year average.
Furthermore, Saskatchewan’s two largest markets continue to grapple with severe inventory shortages. When accounting for conditional sales set to close and leave the market, Saskatoon is entering April with just 0.98 months of supply, while Regina trails closely behind at 1.29 months.
Strong sales and persistent supply constraints continue to boost home prices across the province. Saskatchewan reported a residential benchmark price of $353,600 in March – up from $344,700 in February and over six percent higher than March 2024.
“The spring market is here. We continue to see near-record demand, and there isn’t enough inventory to meet that demand right now,” said Guérette. “Our message to those trying to navigate this market is simple: it’s going to be very challenging, patience is essential, and the expertise of a real estate professional is more crucial than ever.”
Regional Highlights
All regions of the province except the Northern region reported year-over-year sales gains in March, with the Yorkton-Melville (up 13 percent year-over-year), Saskatoon-Biggar (12 percent) and Prince Albert (10 percent) regions leading the way.
The Regina-Moose Mountain and Saskatoon-Biggar regions continue to experience the tightest market conditions in the province, as both regions report less than three months of supply heading into a historically busy spring market. These two regions also reported the largest year-over-year inventory decrease, down 26 percent compared to March 2024.
Price Trends
Surging sales and declining inventory are again driving price gains across the province. In March, all cities except Estevan and Weyburn saw year-over-year price gains.
The City of Melfort led the way in price growth for a second consecutive month, with prices 22 percent higher than March 2024. Other notable gains include the cities of Prince Albert (up 11.7 percent), North Battleford (11.5 percent), Humboldt (11.1 percent) and Moose Jaw (10.7 percent).
City of Regina
The City of Regina reported 301 sales in March, down three percent year-over-year but still outpacing the 10-year average by 15 percent.
There were 418 new listings in March, consistent with March 2024 but down 20 percent compared to the 10-year average of 524. Notably, 172 of the 579 units available at month’s end were already conditionally sold, leaving just 407 reported as active.
Stable demand and ongoing inventory challenges continue to push prices higher in the Queen City. In March, the residential benchmark price rose to a near-all-time high of $326,300, up from $317,700 in February and over four percent higher than March 2024
City of Saskatoon
Saskatoon reported 403 sales in March, up 11 percent year-over-year and 13 percent above the 10-year average.
New listings declined by one percent year-over-year and 27 percent compared to the 10-year average, resulting in the lowest months of supply heading into April since 2007. Of the 602 available units at month’s end, 195 were conditionally sold, leaving just 407 units on the market with active status – less than one month of supply when conditional sales are factored in.
Saskatoon reported a record benchmark price of $415,900 in March, up from $405,400 in February and over $25,000 higher than March 2024.
February 2025
SASKATCHEWAN MARKET REMAINS RESILIENT AMID ECONOMIC UNCERTAINTY
Saskatchewan reported 986 sales across the province in February, down one percent year-over-year but well above long-term, 10-year averages. Despite the slight year-over-year decline, sales levels remain on pace with 2024 levels through the first two months of the year.
New listings decreased by nearly 14 percent year-over-year and were down 29 percent compared to the 10-year average. When paired with near-record demand in 2024 and a strong start to 2025, inventory challenges are worsening in many markets across the province.
“Saskatchewan’s housing market continues to exceed expectations, as February marks twenty consecutive months of above-average sales in our province,” noted Association CEO Chris Guérette. “These figures are even more impressive when you consider how dire the inventory situation has been over this stretch, what we’re seeing right now is unprecedented.”
With just 3,851 units available across the province at month’s end, inventory levels declined by 21 percent year-over-year and remain nearly 50 percent below levels typically seen in the year's first quarter.
Home prices continue to rise across Saskatchewan, as the province reported a residential benchmark price of $344,700 in February, up from $342,600 in January and nearly five percent higher than February 2024.
“While several external factors are causing economic uncertainty across our nation right now, Saskatchewan’s housing market continues to experience strong demand through the first two months of 2025,” said Guérette. “Our market has demonstrated resilience through persistent supply challenges, and now we’re adding tariffs to the mix. A lot is being thrown at us, but we’re cautiously optimistic that our market will continue to weather this storm.”
Regional Highlights
The Regina-Moose Mountain and Saskatoon-Biggar regions reported monthly sales that well outpaced historical averages. Regina-Moose Mountain and Saskatoon-Biggar also continue to report the tightest market conditions in the province, with inventory levels over 50 percent below the 10-year average in both regions.
The Prince Albert region saw prices increase by 10 percent year-over-year in February, while the Swift Current-Moose Jaw region saw prices grow by eight percent.
Price Trends
Strong demand and ongoing supply challenges continue to drive price gains throughout the province—with all but two areas of the province reporting year-over-year price gains in February.
The City of Melfort saw the largest year-over-year price growth in February, with prices over 21 percent higher than in February 2024. Other notable gains include the cities of Prince Albert (10.7 percent), Humboldt (10.3), and Moose Jaw (8.3).
City of Regina
The City of Regina reported 253 sales in February, down seven percent compared to February 2024. Despite the slight year-over-year decrease, February sales levels were over 30 percent above the 10-year average, with limited inventory preventing even stronger sales figures.
February saw 304 new listings added to the market, down five percent from last February and 19 percent below long-term averages. At month’s end, there were 514 units in inventory, 124 of which were conditionally sold and set to exit the market. Above-average sales and declining new listings resulted in just over two months of supply – the lowest level reported in February in nearly two decades.
Regina’s benchmark price rose to $317,700 in February, up from $316,300 in January and two percent higher than February 2024.
City of Saskatoon
The City of Saskatoon reported 323 sales in February, up five percent year-over-year and over 25 percent above 10-year averages. While supply constraints continue to prevent further sales gains, year-to-date sales are over 22 percent higher than long-term, 10-year averages through the first two months of 2025
The Bridge City saw 381 new listings in February, down 12 percent year-over-year and nearly 30 percent below 10-year averages. At month’s end, there were only 581 available units, 156 of which were already conditionally sold. With less than two months of supply heading into March, Saskatchewan’s largest urban centre is reported near-record low inventory for this time of year.
Saskatoon reported a benchmark price of $405,400 in February, up from $403,400 in January and nearly six percent above February 2024.
January 2025
SASKATCHEWAN HOUSING MARKET OFF TO A STRONG START IN 2025
Saskatchewan’s housing market is off to a strong start in 2025, with 782 sales across the province in January—up one percent year-over-year and over 17 percent above 10-year averages. Strong January sales led to the nineteenth consecutive month of above-average sales in the province, a streak of robust sales that dates back to June 2023.
New listings declined by two percent year-over-year and were down nearly 28 percent compared to long-term averages. Declining new listings continue to be met with strong demand, which failed to provide any supply relief to begin the new year.
Inventory levels were down 19 percent year-over-year and currently sit over 44 percent below the 10-year average, with over 600 fewer units available than this time last year. Notably, of the 3,925 available units reported at month’s end, over 700 had already accepted a conditional offer and are set to leave the market once those transactions close.
“While market activity in the coming months will provide a clearer picture of trends for 2025, monthly sales figures continue to outperform expectations,” said Association CEO, Chris Guérette. “We’re picking up right where we left off after a near-record 2024.”
Tighter market conditions continue to place upward pressure on home prices across the province, as Saskatchewan reported a residential benchmark of $342,600 in January - up from $337,800 in December and nearly seven percent higher than January 2024.
“Until recently, Saskatchewan was braced for another strong year in 2025. That outlook has become less certain given the threat of tariffs, coupled with potential Canadian retaliation and uncertainty with the Bank of Canada,” said Guérette. “We’ll be keeping a close eye on these external factors and their potential implications on Saskatchewan’s housing market in 2025.”
Regional Highlights
The Regina-Moose Mountain, Saskatoon-Biggar, and Swift Current-Moose Jaw regions all reported monthly sales that well outpaced historical averages—leading the province to a nineteenth consecutive month of above-average sales. While market activity in the coming months will provide a clearer picture of trends for 2025, there continues to be significant demand for housing despite limited inventory in many markets across the province.
The Regina-Moose Mountain region (down 27 percent) saw the largest year-over-year inventory decline in January, while the Saskatoon-Biggar region is again reporting the tightest market conditions across the province.
Price Trends
Significant demand and persistent inventory challenges continue to drive price gains throughout the province—with all areas of the province reporting year-over-year price gains in January.
The City of Moose Jaw led the way in year-over-year price growth for the sixth consecutive month, with prices over 15 percent higher than January 2024. Other notable gains include the cities of Melfort (12.3 percent), Humboldt (11.5) and Prince Albert (8.3).
City of Regina
Following a record-breaking sales year in 2024, the City of Regina reported 172 sales in January, down four percent year-over-year but 17 percent above long-term, 10-year trends.
There were 279 new listings across the Queen City in January, down 10 percent year-over-year and nearly 22 percent below historical averages. As a result, inventory levels remain nearly 50 percent below the 10-year average. At month’s end, just 537 were units available on market, down nearly 225 units from this time last year.
Regina's residential benchmark price was $316,300 in January, up from $313,400 in December and over five percent higher than January 2024.
City of Saskatoon
The City of Saskatoon reported 253 home sales in January, a year-over-year increase of over 3 percent and the second-strongest January on record.
Despite a surge in new listings, Saskatoon’s months of supply remains under 2.5 months, with inventory levels down 15 percent year-over-year and over 50 percent below long-term trends. Notably, less than 450 of the 618 available units at month’s end were not already conditionally sold.
Saskatoon reported a benchmark price of $403,400 in January, up from $395,300 in December and over seven percent higher than January 2024.
December 2024
STRONG DECEMBER SALES WRAP UP SASKATCHEWAN’S SECOND-BEST YEAR ON RECORD
Member Note: There was an issue with the Neighbourhood Data in the December Stats run, we are currently working on resolving the issue and will have the Neighbourhood Data published ASAP. Thank you for your understanding and we apologize for the inconvenience!
Saskatchewan reported 776 sales in December, up three percent year-over-year and nearly 15 percent above long-term, 10-year averages. Above-average December sales capped off the second-strongest year on record for resale housing activity in Saskatchewan, with 16,119 sales across the province in 2024, up nearly nine percent from 2023.
Strong demand throughout 2024 was consistently met with declining new listings, resulting in record inventory lows at various points throughout the year. In December, new listings decreased by 16 percent year-over-year, down nearly 30 percent from 10-year averages and two percent below 2023.
“Our province closed 2024 with an eighteenth consecutive month of above-average sales, an incredible statistic when you consider the significant inventory challenges we’ve faced throughout the year,” noted Association CEO, Chris Guérette. “This lack of available inventory, specifically in the more affordable segment of the market, is very likely preventing even stronger 2024 sales figures.”
Seasonal sales trends allowed the provincial months of supply to reach nearly five months in December, up from below four months in November. However, inventory levels decreased by 20 percent compared to December 2023 and continue to sit over 40 percent below the 10-year average – with even tighter conditions reported in Regina and Saskatoon.
The province’s residential benchmark price stood at $337,800 in December, down slightly from 338,400 in November, consistent with seasonal trends. Despite the slight month-over-month decrease, Saskatchewan’s residential benchmark price grew by nearly seven percent compared to December 2023.
“Saskatchewan’s resale housing market continues to benefit from record population figures, employment growth, and the recent Bank of Canada interest rate cuts,” said Guérette. “As we look ahead to 2025, we expect supply challenges to continue as a dominant theme. If this increased demand continues in the new year, we will likely see prices continue to trend upward across the province.”
Regional Highlights
All regions of the province reported yearly sales that outpaced both 2023 sales levels and long-term, 10-year averages. The Regina-Moose Mountain (up 28 percent compared to 10-year trends), Saskatoon-Biggar (18 percent) and Swift Current-Moose Jaw (17 percent) regions significantly outperformed historical trends in 2024.
As seen throughout much of 2024, the Saskatoon-Biggar (3.23 months of supply) and Regina-Moose Mountain (4.11) 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 are reporting months of supply over 50 percent below historical averages.
Price Trends
Strong demand paired with low inventory drove price gains throughout much of 2024 – with nearly all areas of the province reporting year-over-year sales gains in December.
For the fifth consecutive month, the City of Moose Jaw led the way with year-over-year price gains of over 14 percent. Additionally, the cities of Humboldt (13.5 percent), Melfort (12.5), and Melville (10.9) all reported double-digit price gains in December.
City of Regina
The City of Regina reported 198 sales in December, a five percent year-over-year increase and over 28 percent above long-term trends. Above-average monthly sales were a consistent theme for the Queen City throughout the year, with 3,917 sales in 2024 – the largest number of yearly sales in Regina’s history.
Despite modest new listing growth compared to 2023, record demand continues to impact Regina’s inventory levels, which declined by 32 percent year-over-year and are currently over 40 percent below historical averages.
Regina’s residential benchmark price was $313,400 in December, down slightly from $313,700 in November and over five percent higher than December 2023.
City of Saskatoon
The City of Saskatoon reported 256 home sales in December, a year-over-year increase of over 12 percent and nearly 20 percent above the 10-year average. With 5,035 annual sales, 2024 marked the second-strongest year on record in the Bridge City, up over eight percent compared to 2023.
At year-end, there were only 555 available units, as inventory levels declined by 25 percent year over year and are nearly 50 percent below historical averages. With only 2.17 months of supply to end the year, Saskatoon’s inventory levels are near record lows for this time of year.
Saskatoon reported a benchmark price of $395,300 in December, down slightly from $398,800 in November, reflecting typical seasonal trends. However, the benchmark price remains over seven percent higher than in December 2023, as tight market conditions continue to drive price gains in Saskatchewan’s largest urban centre.
