Saskatchewan Housing Market Stays Strong in August 2025

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 wrapped up an exceptionally active summer, continuing to outpace many other provinces.

Despite a 5% year-over-year decline in new listings, provincial inventory levels remained steady. Of the 5,168 active listings at the end of August, over 1,000 were conditionally sold, leaving just 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, down slightly from July’s record of $372,700. This modest month-over-month dip aligns with seasonal trends; however, prices remain 8% higher than in August 2024, indicating the province’s sustained year-over-year growth.

Regional Highlights

• Saskatoon-Biggar, Prince Albert, Swift Current-Moose Jaw, and Northern Saskatchewan all saw year-over-year sales gains.

• Regina-Moose Mountain (2.9 months of supply) and Saskatoon-Biggar (2.4 months of supply) remain the tightest markets in the province.

• Five of six economic regions reported inventory levels 40% below the 10-year average.

Price Trends

• All Saskatchewan communities reported year-over-year price gains for the fourth consecutive month.

• Saskatoon hit a new benchmark price record at $435,900 in August.

• Seven communities recorded double-digit annual price growth, including:

  • Melfort (+19%)

  • Humboldt (+15%)

  • Estevan (+13%)

  • Moose Jaw (+12%)

  • Prince Albert (+12%)

Regina Market Update

• 356 sales in August (down 8% year-over-year, but still 14% above the 10-year average).

• 465 new listings, down 7% from last year.

• Inventory stable at 824 active units, with over 200 conditionally sold—leaving 599 available listings heading into September.

• Benchmark price: $341,300 (down slightly from July’s record but still 7% higher than August 2024).

Saskatoon Market Update

• 451 sales in August (down 1% year-over-year, but well above long-term averages).

• 650 new listings, a 10% year-over-year decline.

• Inventory steady with 910 active units, one-third conditionally sold – leaving just 643 available listings moving into September.

• Benchmark price: $435,900, up from $432,700 in July and 8% higher than last year.

What This Means for Buyers and Sellers

Saskatchewan continues to show resilience compared to national housing trends. For sellers, tight inventory and strong demand are keeping prices competitive. For buyers, while conditions remain challenging in major centres like Saskatoon and Regina, mortgage rates, seasonal adjustments, and strategic negotiation may provide opportunities.

The bottom line: Saskatchewan’s housing market remains one of the strongest in the country, and momentum is expected to continue through the remainder of 2025.