Saskatchewan’s Spring Market Heats Up: Saskatoon Sales Surge, Inventory Shrinks

Saskatchewan’s real estate market is off to a strong start in 2025—defying national trends and showcasing the province’s resilience in the face of economic uncertainty. According to the latest stats, March saw 1,277 sales across Saskatchewan, an impressive 8% year-over-year increase, and a remarkable 13% above the 10-year average.

Inventory Woes Continue

Despite the increase in sales, new listings are down 2% year-over-year and remain nearly 30% below long-term trends. This marks the 21st consecutive month of above-average sales, which continues to strain inventory levels across the province.

At the end of March, 4,023 units were available in Saskatchewan, slightly up from February but still down 21% year-over-year—and nearly 50% below the 10-year average. These numbers paint a clear picture: demand is high, and supply simply isn’t keeping up.

“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.”
– Chris Guérette, CEO of the Saskatchewan Realtors® Association

Spotlight on Saskatoon: Record Prices, Tightest Supply in Years

Saskatoon is leading the charge with 403 sales in March, up 11% from March 2024 and 13% above the 10-year average. However, new listings are down 1% compared to last year and 27% below historical norms.

With just 602 listings at month’s end—and 195 of those already conditionally sold—Saskatoon is entering April with less than one month of supply, the tightest it’s been since 2007.

Benchmark Price in Saskatoon: $415,900
That’s up over $10,000 from February, and a jump of more than $25,000 from March 2024—setting a new record high.

What This Means for Buyers and Sellers

Saskatoon’s spring real estate market is officially in full swing—and the numbers don’t lie. If you’re thinking of buying, competition is fierce, and working with a trusted local agent is more important than ever. For sellers, this is a golden opportunity to list your home while demand remains strong and inventory is low.

Other Regional Highlights:

• Yorkton-Melville, Saskatoon-Biggar, and Prince Albert saw the biggest year-over-year sales jumps (13%, 12%, and 10% respectively).
• Melfort led the province in price growth for the second month in a row with a 22% increase over March 2024.
• Other notable price jumps:
  • Prince Albert: +11.7%
  • North Battleford: +11.5%
  • Humboldt: +11.1%
  • Moose Jaw: +10.7%

Final Thoughts from the Experts

“The spring market is here. We continue to see near-record demand, and there isn’t enough inventory to meet that demand right now… the expertise of a real estate professional is more crucial than ever.”
– Chris Guérette

Looking to buy or sell in Saskatoon this spring? Let’s chat! As your local expert, I can help you navigate today’s fast-paced market with confidence, clarity, and a personalized strategy that works for you.